Under the partnership, Land Gorilla’s cloud-based Construction Loan Manager software will now be available to Encompass users. Lenders using the software can now manage certain aspects of renovation, construction-only, and construction-to-perm loan types. The integration brings draw management, servicing systems, and compliance tools to lenders, offering them a more efficient workflow and post-closing system.
"We are excited to partner with Ellie Mae," said Land Gorilla CEO Sean Faries. "Our secure integration with Encompass enables lenders to effortlessly integrate with the most powerful construction loan management tools available. Our goal is to help our customers manage the inherent risk associated with construction lending, and bringing our solution to Ellie Mae's Encompass solution will provide the much-needed tools and support necessary for success."
Land Gorilla focuses on mitigating risk and improving workflow for construction loan management. Through the Encompass solution, Ellie Mae provides a record system to answer mortgage origination and compliance needs of banks, credit unions, and mortgage lenders.
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Ellie Mae has enhanced its Encompass all-in-one mortgage management solution through a partnership with construction loan management software provider Land Gorilla.