Carteret Mortgage Corporation Standardizes on Ellie Mae's Encompass Mortgage Management Software.DUBLIN, Calif. -- More Than 1700 Carteret Brokers Nationwide to Use Ellie Mae(R)'s Mortgage Management System Ellie Mae, Inc., the award-winning provider of innovative software and services for the mortgage industry, today announced that Carteret Mortgage Corporation Carteret Mortgage Corporation is a national mortgage broker based in Centreville, Virginia and operating in 49 states. Carteret Mortgage employs, as of 2007, over 1700 loan officers employed from a wide range of social and economic backgrounds. , the second largest mortgage brokerage in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and an early adopter of Ellie Mae's Encompass(R) mortgage management system, will be migrating all 1700 of its brokers to Encompass. "There is a symbiotic relationship symbiotic relationship (sim´bīot´ik), n in implantology, that relationship assumed by an implant and the natural teeth to which it has been splinted. between Carteret and Ellie Mae because we were both early adopters of Internet technology," said Eric Weinstein, Founder and President, Carteret Mortgage Corporation. "With Encompass, Ellie Mae is using Internet technology to take loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. to the next level. They have developed a superior system that gives us insight to the entire loan process at a granular granular /gran·u·lar/ (gran´u-lar) made up of or marked by presence of granules or grains. gran·u·lar adj. 1. Composed or appearing to be composed of granules or grains. 2. level, with increased compliance capabilities." "Unlike most origination Origination The process through which a mortgage lender creates a mortgage secured by some amount of the mortgagor's real property. Notes: Also known as loan origination, everyone must go through the origination process when securing a mortgage for a piece of real software, Encompass was designed to support the separate needs of the loan officer, processor, and mortgage broker," said Jonathan Corr, Sr. Vice President of Products, Ellie Mae. "Because Encompass has integrated access to our ePASS(R) Network, Carteret brokers can pull credit, order appraisal, title, flood, and submit to lenders online from any location. This integration and simplicity makes loan origination easier and faster than ever before -- and enables third-party originators to differentiate themselves with superior customer service." Carteret Mortgage's network of brokers access Encompass remotely through a secure ASP asp, popular name for several species of viper, one of which, the European asp (Vipera aspis), is native to S Europe. It is also a name for the Egyptian cobra (Naja haja). solution provided by Lasso Technologies. "Our success is due to our unique business model that takes strategic advantage of the Internet to reduce overhead by letting brokers work remotely from their homes where allowable by law," said Weinstein. "Ellie Mae understands this concept. With the ability to access the system through an ASP, our brokers can easily convert to Encompass without having to download anything to their computer -- they simply have to log in." Next Generation Software Encompass was designed to take origination software to the next level with advanced features such as customized reporting, executive dashboards, contact management, seamless collaboration, built-in support for workflow The automatic routing of documents to the users responsible for working on them. Workflow is concerned with providing the information required to support each step of the business cycle. , secure file and form transfer, mobile use, and more. Encompass has been already been adopted by thousands of originators across the country since its first release in December of 2003. Ellie Mae provides free installation and configuration support, and offers free online training for all users. Customers can arrange their Encompass installation by calling their sales representative or the toll-free Ellie Mae Customer Support number: 1-888-955-9100. About Carteret Mortgage Corporation In 1995, Carteret Mortgage Corporation opened for business as a Virginia mortgage broker. Today, the company operates nationwide, including Washington, D.C., with over 1700 loan officers generating billions in loans per year, and growing. In 2004, Carteret Mortgage Corporation made the Inc 500 list for the fourth time. To learn more about the company, please visit: www.carteretmortgage.com. About Ellie Mae, Inc. Ellie Mae, Inc. is an award-winning provider of software and services for the mortgage industry, which has been recognized in each of the past three years as one of the fastest growing companies in the California Bay California bay n. See California laurel. Area, and most recently has been named to the Inc. 500 list of America's fastest growing private companies. Ellie Mae provides a comprehensive line of products and services including the company's flagship Encompass(R) mortgage management system, Contour(TM) and Genesis(TM) loan origination software, Executive Web Sites for mortgage brokers, and Ellie Mae Docs services for document processing Processing text documents, which includes indexing methods for text retrieval based on content. See document imaging. . Ellie Mae's ePASS(R) Network is the mortgage industry's online transaction platform enabling 40,000+ mortgage companies in the United States to easily do business online with hundreds of leading lenders and nearly 100,000 settlement service providers. Ellie Mae is based in Dublin, California Dublin is a city in Alameda County, California, United States. The population was 29,973 at the 2000 census. Dublin is home to the headquarters of Sybase, Inc. Government The city government is headed by a mayor. . To learn more about Ellie Mae, visit www.elliemae.com or call 888-955-9100. Ellie Mae(R), ePASS(R) Network, Contour(TM), Genesis(TM), Executive Web Sites(TM), and Ellie Mae Docs(TM) are the sole property of Ellie Mae, Inc. |
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