Magazine article Mortgage Banking
Ellie Mae, Flagstar Integrate Encompass Doc-Transfer Platform
Dublin, California-based Ellie Mae® and Troy, Michigan-based Flagstar Bank have partnered to integrate Flagstar's Digital Document Transfer(TM) platform to Ellie Mae's Encompass® loan origination system.
The integration allows brokers and correspondents to electronically submit underwriting and closed-loan packages directly into Flagstar's electronic document-management systems in accordance with industry standards as defined by MISMO®, the Mortgage Bankers Association's (MBA's) not-for-profit subsidiary.
This transfer of MISMO SMART(TM) document levels 3 and 4 allows for sound exchange of data and documents. Ellie Mae is the first to use the advanced features of Flagstar's Digital Document Transfer platform.
More than just a simple file transfer, the platform's secure Web service allows for two-way communication and immediate feedback of transfer success, while the Digital Document Transfer platform also provides for electronic package tracking to Encompass users, according to Jason Dufner, senior vice president of information technology (IT) content and banking systems for Flagstar Bank.
"We've taken integration with a loan origination system to a new level," said Dufner. "This solution represents the first integration between an LOS-embedded electronic document-management system and Flagstar's Digital Document Transfer platform. …