Entyre Doc Prep, Inc. and Ellie Mae Partner.Business Editors
PLEASANTON, Calif.--(BUSINESS WIRE)--Aug. 8, 2001
Partnership provides Genesis 2000(R) and Contour Software users with
online loan closing documents
Ellie Mae, Inc., a provider of Internet solutions for the mortgage brokerage community, today announced a strategic partnership with Entyre Doc Prep, Inc. (EDP (Electronic Data Processing) The first name used for the computer field.
EDP - Electronic Data Processing ), a national leader in electronically prepared and delivered loan closing documents.
The partnership will provide Genesis 2000(R) and Contour users with a direct Internet connection to one-click document preparation (doc prep) services. Genesis 2000 users may currently access EDP through their ePASS (electronic Processing And Submission System) Business Center, a B2B e-commerce (Business to Business Electronic-COMMERCE) Refers to one business selling to another business via the Web. See e-commerce. platform that unites brokers with service providers and participating wholesale lenders through the Internet from within the 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. Software. This Internet connectivity to EDP via the ePASS Business Center will soon be available to Contour LOS LOS Length of stay, see there users.
The new Web interface will allow Genesis and Contour Software users to request doc prep services directly through their LOS. With this interchange employed, all data entered during loan origination will be automatically passed along to the doc prep process, providing users with an easy, accurate and single-point solution for their doc prep needs. The automated au·to·mate
v. au·to·mat·ed, au·to·mat·ing, au·to·mates
1. To convert to automatic operation: automate a factory.
2. field population will eliminate the need to re-key information from one form to another. Necessary forms will be available to be filled out and submitted online, 24/7.
"Historically, EDP has had interfaces with numerous LOS's," said Ken Burkhalter, EDP's President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "However, with the introduction of ePASS, Ellie Mae has created a whole new interfacing and marketing solution. The merging of ePASS and EDP technologies brings our users strong and flexible tools that are likewise easy to use. Our common customers will find that EDP and their LOS now appear to work as a single integrated application. Working together, we are taking the LOS/Doc Prep integration to a whole new level."
"Our goal is to provide the mortgage lending industry with all of the technological tools necessary to streamline the online origination Origination
The process through which a mortgage lender creates a mortgage secured by some amount of the mortgagor's real property.
Also known as loan origination, everyone must go through the origination process when securing a mortgage for a piece of real process and do so cost-effectively," added Fred Myer, senior executive vice president of settlement services for Ellie Mae. "Our partnership with EDP, and their ability to provide fast, secure, Web-enabled loan closing documents, rounds out our vendor platform in the ePASS Business Center and helps fulfill ful·fill also ful·fil
tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils
1. To bring into actuality; effect: fulfilled their promises.
2. our ongoing commitment to mortgage professionals."
About Entyre Doc Prep
Entyre Doc Prep (EDP), founded in 1987, has been providing doc prep services to leading brokers and investors across the country. These brokers rely on EDP to produce their specific packages, comply with federal and state regulations, and develop programming and forms for niche products. EDP's wide range of services, technology and extensive Web capabilities position it as a leading document preparation provider.
About Genesis 2000(R)
Genesis 2000, a wholly owned subsidiary Wholly Owned Subsidiary
A subsidiary whose parent company owns 100% of its common stock.
In other words, the parent company owns the company outright and there are no minority owners. of Ellie Mae(SM), provides mortgage originators with affordable, easy-to-use loan origination software, helping them to increase 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. and automate To turn a set of manual steps into an operation that goes by itself. See automation. the origination process. Founded in 1986, Genesis 2000 has over 6,700 active installations. Genesis 2000 products are being used by over 48,000 individual mortgage brokers, mortgage bankers Mortgage Banker
A company, individual or institution that originates, sells and services mortgage loans.
Don't confuse a mortgage banker with a mortgage broker. , banks, credit unions and savings institutions nationwide. For more information about Genesis 2000 or any of its products, visit www.genesis2000.com or call (800) 882-0504.
About Contour Software
Contour Software, an Ellie Mae subsidiary, provides large mortgage originators with sophisticated, customizable front-end to back-end loan origination software. Contour Software is modular so customers have the ability to adapt their system as their individual needs change. With a customer base of 40,000 active seat licenses, Contour has the most electronic commerce connections in the industry. For more information about the Contour product line, visit www.contoursoft.com or call (800) 266-6787.
About Ellie Mae(SM)
Ellie Mae, Inc., headquartered in Pleasanton, Calif., is the leading Internet enabler for the mortgage brokerage industry and the largest Loan Origination Software (LOS) provider in the U.S. Offering brokers the ePASS (electronic Processing And Submission System) Business Center, a B2B e-commerce platform, as well as customized Web sites, hosting services, and LOS packages, Ellie Mae enables mortgage originators to harness the power of the Internet, giving them a competitive advantage in the fast changing residential mortgage arena. For additional information visit www.elliemae.com or call (877) 355-4362.