Home > About ComplianceEase > ComplianceEase in the News > Press and News  

ComplianceEase® and Ellie Mae® Form Strategic Partnership
- Helping Lenders to Improve Loan Quality and Efficiency -

Dublin, Calif. - June 22nd, 2004 - Ellie Mae Inc., the leading provider of desktop and Web-enabled productivity solutions and software for the mortgage industry, and ComplianceEase, a division of LogicEase Solutions Inc., the premier provider of intelligent business solutions to the financial services industry, today announced a strategic partnership that integrates ComplianceEase's automated compliance solutions into the Ellie Mae suite of products including the ePASS® Web transaction platform and Ellie Mae Document Services.

As the most powerful automated compliance tool in the market, ComplianceEase's PredatorAnalyzer™ (PA™) provides exceptional response times and accurate audit results, features that are critical in today's fast moving and demanding regulatory environment. Leveraging Ellie Mae's ePASS platform, lenders can simply and cost-effectively integrate the PA system with existing loan origination systems.

"Integrating the ComplianceEase products into our loan originations systems and ePASS technology will provide a unique offering to the market. This partnership perfectly compliments Ellie Mae's mission of providing innovative solutions to mortgage professionals," said Sig Anderman, CEO of Ellie Mae.

"We are excited about our partnership with Ellie Mae, said John Vong, CEO of ComplianceEase. "Delivering ComplianceEase solutions as Web-based services is an ideal way to ensure that this increasingly important and ever-changing aspect of loan origination compliance can now be easily and continually expanded and updated. The joint offering by Ellie Mae and ComplianceEase delivers a true competitive advantage."

Ellie Mae, whose ePASS technology is the industry standard, connects the majority of third-party mortgage origination companies to their wholesale lenders and settlement service providers and enabling all parties to eliminate redundant work, close loans faster and reduce origination costs through secure, encrypted data transmission to protect sensitive consumer information in compliance with Gramm-Leach-Bliley safeguards. ePASS technology was used on over 1.4 million loans in the first quarter of 2004 alone.

ComplianceEase's PA is the industry-standard automated compliance solution dramatically simplifies the audit workflow process, while utilizing advance technology to ensure its accuracy and integrity. The technology employs cutting edge analytics to automatically identify instances of non-compliance and explains them in narrative findings reports. In a matter of seconds, the on-line system renders real time, transaction-based decisions and automatically calculates a color-coded RiskIndicator™ indicating to users the level of risk of non-compliance.

About ComplianceEase®
San Francisco, California-based ComplianceEase, a division of LogicEase Solutions Inc., is a premier provider of intelligent business solutions to the financial services industry. Its ComplianceEase platform provides the industry's first automated compliance solutions utilizing advanced artificial intelligence reasoning and decisioning technologies as well as natural language processing. ComplianceEase powers beginning-to-end solutions at a fraction of the time and cost of the traditional approaches, while providing better accuracy and integrity. ComplianceEase also provides professional services, and consulting services. To learn more about ComplianceEase, call 1.866.212.Ease (3273) or visit www.ComplianceEase.com.

About Ellie Mae, Inc.
Dublin, California-based Ellie Mae, Inc., is the leading provider of desktop and Web-enabled mortgage-industry productivity technology. Winner of the 2003 Inman Innovator Award, Ellie Mae introduced Encompass, the first enterprise-level mortgage management system, with individual loan officer, processor and broker workspaces in a single, secure, scalable system. Its ePASS Web-transaction platform is the industry standard, connecting more than 30,000 third-party mortgage origination companies to more than 250 wholesale lenders and 90,000 settlement service providers-enabling them to eliminate redundant work, close loans faster, and reduce loan-origination costs. Ellie Mae products also include Executive Web Sites for automated lead generation and marketing, Contour and Genesis loan origination software, and Ellie Mae Docs for speedy, error-free electronic closing documentation. To learn more about Ellie Mae, call 1.888.955.9100 or visit www.elliemae.com.

Back to CE in the News