ST. LOUIS, January 9, 2016 –
TQL is designed to help lenders address risk, quality and consistency in their loans by combining the services needed to ensure consistent loan quality in one easy-to-use screen. Its intent is to reduce human error and streamline the process of ordering, reviewing and addressing alerts to improve workflow, and drive quality and efficiency. In addition to DataVerify’s DRIVE system, the other tools integrated into TQL include:
“Ellie Mae has collaborated with a number of lenders to understand their needs while shaping the program,” said Joe Tyrrell, Ellie Mae’s executive vice president of corporate strategy. “Collateral risk and fraud-detection are two of the must-have capabilities that have been mentioned time and again, and lenders have asked to have DataVerify’s risk mitigation platform integrated into TQL. As a result, we are very excited to add the DataVerify DRIVE system as a standard feature of TQL.”
DataVerify’s platform provides comprehensive data aggregation to assists in data verification and fraud prevention. Its three major components include:
“We are extremely pleased that our comprehensive services have been selected as a mission-critical component of TQL,” said Kent Johnson, president of DataVerify. “We believe that a deeply integrated suite of products like Ellie Mae's TQL, will enhance the way mortgages are originated, reviewed and sold.”
Tyrrell added, “We are committed to continuing to enhance our TQL capabilities and give our customers industry leading services to streamline the loan review process, reduce costs, and improve overall loan performance and profitability.”
For more information,
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About DataVerifyDataVerify harnesses advanced analytics and technology to create automated and customizable fraud prevention and decision management solutions. The result is a platform that empowers lenders to make precise and consistent business decisions. The
About Ellie MaeEllie Mae (NYSE:ELLI) is a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. Mortgage lenders of all sizes use Ellie Mae’s Encompass® all-in-one mortgage management solution, Mavent Compliance Service, and AllRegs research, reference and education resources to improve compliance, loan quality and efficiency across the entire mortgage lifecycle. Visit
Press ContactsReno DWater
DataVerify
877-770-6963
reno.dwater@cbcinnovis.com
Erica Harvill
Ellie Mae, Inc.
(925) 227-5913