Minnesota Credit Union Chooses Ellie Mae for Mortgage Management

Minnesota's ninth largest credit union is now using ""Ellie Mae's"":http://www.elliemae.com/ Encompass software as its mortgage management solution, the California-based mortgage software firm announced.

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""Postal Credit Union"":https://www.postalcu.org/, a full-service financial cooperative with five branches, 45,000 members, and $550 million in assets, says it selected Encompass because the software ""allows its mortgage business ... to work seamlessly and efficiently by eliminating the need to courier files, use [COLUMN_BREAK]

several different systems to complete tasks on a file and seek out management assistance for specific product pricing.""

""When we began looking for a new system, our goal was to increase efficiency by working within a single system rather than going back and forth from one system to another,"" said Faith Tholkes, director of mortgage sales at Postal Credit Union. ""We expect to increase our productivity by up to 40 percent thanks to greater efficiency and paperless processing.

""Ellie Mae also accommodated our very aggressive implementation period of 60 days. They've been great to work with and have provided us with the answers to build and configure our system to our specific needs,"" Tholkes added.

""Implementation of new mortgage management systems can be an intimidating process, particularly for smaller lenders,"" said Jonathan Corr, president and COO of Ellie Mae. ""We are pleased that we can offer rapid implementation to clients like Postal Credit Union so that they can get up and running quickly and enjoy the benefits of greater efficiency sooner.""