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Ellie MAE and PMI form alliance. (Tech Newz).


PLEASANTON, CALIFORNIA Pleasanton, nicknamed "P-town"<ref name="">Ptown (Pleasanton) Bike Advocates Meeting, East Bay Bicycle Coalition website, August 14, 2007, retrieved August 17, 2007, is a city in Alameda County, California and was incorporated in 1894.  -- BASED ELLIE Mae Inc. and San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden  -- based PMI See Private Mortgage Insurance.  Mortgage Insurance Co. have formed a strategic alliance. Through ePASS, Ellie Mae's Internet transaction platform, loan originators will be able to use jointly developed technology to electronically submit loans to PMI without a cumbersome upload process, according to according to
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1. As stated or indicated by; on the authority of: according to historians.

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 Ellie Mae. With the click of a mouse, the new ePASS facility allows loans entered in a loan origination system (LOS) to be submitted to PMI for underwriting on behalf of leading lenders. As part of the service, PMI provides findings from the two most widely used automated underwriting systems, Desktop Underwriter and Loan Prospector. Originators can also order PMI mortgage insurance, eliminating even more steps from the traditional process.
COPYRIGHT 2002 Mortgage Bankers Association of America
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002 Gale, Cengage Learning. All rights reserved.

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Publication:Mortgage Banking
Article Type:Brief Article
Geographic Code:1USA
Date:Jan 1, 2002
Words:119
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