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First Data Partners With Ellie Mae

in Headlines, News, Technology August 27, 2018 2,103 Views

digital lendingNew York-based First Data,  a commerce-enabling technology provider recently announced that it had integrated with the EllieMae Encompass Consumer Connect lending platform. Together, the two companies will integrate secure payments technology to process mortgage and appraisal fees, allowing Ellie Mae customers to accept payment for all costs related to the lending process—including loan origination, processing, underwriting, and credit reports.

“First Data is thrilled to deliver our fast, simple and secure payment technology to the banks, credit unions, and mortgage lending companies Ellie Mae serves,” said Jeff Shanahan, EVP, Head of CardConnect at First Data. “Our relationship will enable Ellie Mae to deliver a simple and secure solution for its clients and further enhanced consumer engagement for lenders.”

Through this relationship, Ellie Mae will leverage the BluePay Gateway, which is now part of the CardConnect ISV platform. First Data’s CardConnect and BluePay, have recently consolidated into a single integrated payments platform under the CardConnect brand to create an offering that allows software companies to more easily add secure payment processing within SaaS, mobile, and point-of-sale applications.

 According to a statement by First Data, in 2017, Ellie Mae reported total revenue of $417 million. Ellie Mae serves 3,500 financial institutions and mortgage lending companies, and processes more than one-third of mortgage loan applications in the U.S. Ellie Mae has been an enterprise merchant of BluePay since 2010. The BluePay Gateway is integrated with Encompass, Ellie Mae’s digital mortgage solution, and now provides additional functionality within Ellie Mae’s recently announced Encompass Consumer Connect.

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About Author: Radhika Ojha

Radhika Ojha is an independent writer and editor. A former Online Editor and currently a reporter for MReport, she is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her master’s degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Houston, Texas.
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