FUNDINGSHIELD ANNOUNCES INTEGRATION WITH ENCOMPASS BY ELLIE MAE
Partnership enables lenders to access FundingShield’s Wire Account Verification Service (WAVs) through leading digital mortgage technology
Newport Beach, CA – May 16, 2019 – FundingShield, a market leading provider of wire fraud prevention, mortgage compliance and risk management fintech solutions, announced that its Wire account Verification Service (WAVs) is now available through Encompass┬« by Ellie Mae┬«. The seamless integration allows lenders to order FundingShield’s WAVs solutions directly through the Encompass by Ellie Mae to drive quality and efficiency in the loan origination process. WAVs leverages the FundingShield database of over 50,000 closing party bank accounts with current valid data, the largest database of its kind in the industry, allowing lenders to lower their cost, shorten SLAs and prevent wire fraud. The integration allows Encompass users to request and order the service with a single-click to obtain immediate responses to confirm that lenders’ loan proceeds for funding are being wired to accounts that have been vetted and confirmed as being owned by the intended recipients who are in good standing. Ellie Mae is a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. Ellie Mae empowers lenders and investors to engage home buyers and efficiently originate, close, sell and purchase loans that maximize ROI across their business all from a single system of record. The platform delivers a true digital mortgage experience across the entire mortgage workflow for every channel, every loan transaction and every customer type. “FundingShield is delighted to partner with Ellie Mae,” said Ike Suri, Chairman & CEO of FundingShield. “Our secure, seamless integration with Encompass by Ellie Mae enables our clients to simplify the process of ordering our products and services, so they can more efficiently process mortgage loans and grow their business. We look forward to a long, successful relationship with Ellie Mae.”
