Independent Banker - June 2019 - 61

ADVERTORIAL SPOTLIGHT
Banker
Innovation
Guide
Encompass Investor Connect revolutionizes lending
for community banks
CHALLENGE: Community banks struggle to find investors to quickly and accurately purchase their loans.
SOLUTION: Franklin American Mortgage Company is improving its industry-leading technology with Encompass
Investor Connect.
Over the last decade, few industries
have experienced the evolution of
technology more than mortgage
banking. Processes that once took
days using paper forms can now be
done virtually instantaneously with the
latest software. Perhaps no segment
of the industry has benefitted more
from this technology than community
banks, who can now get loans
funded and off of their books more
quickly than ever before. Franklin
American Mortgage Company is one
of the investors at the forefront of this
technological revolution.
" We've always put tremendous eff ort
toward having the best technology in
the industry, " said Julie Bishop, senior
vice president of correspondent
operations at Franklin American
Mortgage Company. " Community
WE'VE ALWAYS PUT
TREMENDOUS EFFORT TOWARD
HAVING THE BEST TECHNOLOGY
IN THE INDUSTRY
engine, as well as our commitment to
keeping data safe and secure. They
recognize that we're working to make
things go as smoothly for them as we
can, " she said.
Now, in an eff ort to streamline
the loan-purchase process even
more, Franklin American Mortgage
Company is proud to off er Encompass
Investor Connect from Ellie Mae.
This revolutionary new process gives
community banks peace of mind
by providing never-before-seen
levels of eff iciency and accuracy by
automatically pulling the required
data for each loan directly from
Encompass. This automation can
reduce the processing time by up to
90 percent, while also allowing users
to continue working in Encompass
while the data is being processed.
banks have come to rely on the
unparalleled service we off er through
technological initiatives like MyFAMC
and our interactive pricing and lock
" Encompass Investor Connect
provides system-to-system
integration, allowing us to off er greater
consistency in the delivery process by
reducing manual data-entry errors, "
said Hunter Elrod, regional account
manager at Franklin American
Mortgage Company. " This process
gives us all the data we need for
complete loan submissions and cuts
down on the number of suspensions
by virtually eliminating document
and data deficiencies. The time
savings using this new system will be
significant, " he continued.
" Franklin American Mortgage is
committed to maintaining our position
as a technological leader in the
marketplace, and new technology like
Encompass Investor Connect further
emphasizes this dedication, " said
Keith Mills, senior vice president of
correspondent lending at
Franklin American Mortgage
Company. " We've established a
culture of putting our business
partners first, so anything we can
do to help them become even
more successful will always be a top
priority, " he concluded.
franklinamerican.com/lendingpartners/correspondent
(866)
326-2677 Ext. 1990
6100 Tower Circle, Suite 600
Franklin, Tenn. 37067

http://www.franklinamerican.com/lending

Independent Banker - June 2019

Table of Contents for the Digital Edition of Independent Banker - June 2019