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ยป VISIT US ONLINE @ DSNEWS.COM 93 look forward to a long and fruitful partnership with ink Realty." Ellie Mae Updates its Digital Solution Ellie Mae, the California-based cloud- based platform provider for the mortgage finance industry, has announced the launch of a new major release of its Encompass digital mortgage solution. Ellie Mae has said the release of Encompass 18.2 will help lenders of all sizes originate more loans, lower origina- tion costs, and shorten the time to close with compliance, efficiency, and quality. Specifically, the new release includes com- pliance updates related to Know Before You Owe (KBYO) and the Home Mortgage Dis- closure Act (HMDA), as well as Construction Workflow and Correspondent Trades. Ellie Mae also announced plans for new innovative Encompass TPO Connect functionality. "Our mission is to provide complete digital mortgage technology to help our customers succeed by enabling them to close more loans by increasing efficiencies, reduce the time to close by offering intelligent automation and reducing the cost to originate," said Jonathan Corr, President, and CEO of Ellie Mae. "With the 18.2 major release of Encompass, we are providing expanded support and new capabilities to improve efficiency, transpar- ency, and workflow automation while offering the quality and compliance synonymous with the Ellie Mae name. Additionally, by offering an array of new functionality to Encompass TPO Connect, we're helping our third-party originators be more productive while growing their businesses." e KBYO mortgage disclosure updates include updates to the loan estimate and clos- ing disclosure for treatment of gift funds, clos- ing cost expiration after Intent to Proceed and other workflows to incorporate these technical clarifications. e Construction Loan Workflow consists of updates to cash to close calculations on the Loan Estimate and Closing Disclosure input forms to align with KBYO clarifications and guidance for construction and construction- to-permanent transactions, representing a significant improvement in workflow and efficiency for construction loans originated on the platform. rough the extensions for Correspondent Trades, correspondent lenders can now request, and investors can now initiate trade expira- tion date extensions for multiple loans within a trade, removing the friction and manual DS News is the only publication in the country solely dedicated to providing default servicing professionals with news and content focused on their industry. SUBSCRIBE TO THE LEADER IN DEFAULT SERVICING NEWS SUBSCRIBE NOW! Call 214.525.6700 or connect with us online at DSNews.com.