Ellie Mae (NYSE: ELLI) said it has announced that Homeward Residential, Inc., a subsidiary of Ocwen Financial Corp., is participating as an investor in Ellie Mae´s Total Quality Loan program.
TQL is designed to further enhance the loan quality, compliance and salability of loans that are originated through Ellie Mae´s Encompass mortgage management solution. TQL offers a suite of services combined with a best practice workflow designed to improve loan consistency and quality. Services include integrated compliance checks, income verification, fraud detection and flood service ordering. A secure, tamper-proof technology enables lenders to share the documentation and data results from those services with investors and other stakeholders in the mortgage supply chain, including proof of Ability-to-Repay (ATR) and Qualified Mortgage (QM) compliance requirements.
Homeward Residential provides a wide spectrum of services to homeowners, mortgage lenders and mortgage investors. Homeward is based in Coppell, Texas, with offices in, Mount Laurel, New Jersey and Pune, India. Homeward is active in the Mortgage Bankers Association and the HOPE NOW Alliance.
Ellie Mae is a provider of innovative on-demand software solutions and services for the residential mortgage industry. Its website is at EllieMae.com.