COCC partners with Ellie Mae to offer Encompass digital mortgage solution to banks and credit unions
SOUTHINGTON, CT (January 17, 2018) — Ellie Mae® (NYSE: ELLI), the leading cloud-based platform provider for the mortgage finance industry, announced today that COCC, an award-winning client-owned financial technology company servicing financial institutions throughout the Northeastern United States, has entered into a partner agreement with Ellie Mae. Through this partnership COCC will offer the Encompass all-in-one mortgage management solution to members of the COCC cooperative.
Ellie Mae’s Encompass all-in-one mortgage management solution offers a digital mortgage experience covering the entire loan lifecycle so lenders can originate more loans, lower origination costs, and reduce time to close. Ellie Mae’s connected community includes 230,000 users and thousands of service providers and the Ellie Mae Network processes millions of transactions every month, touching approximately 30 percent of the residential loans originated in the United States.
“Our mission is to be a trusted partner, delivering secure, quality solutions that drive the success of financial institutions,” said Matt L’Heureux, SVP & Chief Product Officer, COCC. “Through this partnership, COCC will provide Ellie Mae’s Encompass solution to our clients to help give them more control with functions and applications that improve efficiency, enhance quality and ensure compliance.”
Launched in 1967, COCC was founded by its clients. This unique cooperative structure has set COCC apart from the competition and is one of the driving forces behind their success. COCC is the fastest growing financial data processing company in the United States and recognized as a leader in delivering innovation and the quality service financial institutions demand and deserve.
“We are delighted that COCC has chosen to partner with Ellie Mae to offer our Encompass loan origination solution to the banks and credit unions in its cooperative,” said Cathleen Schreiner Gates, Executive Vice President of Sales and Marketing at Ellie Mae. “By providing these financial institutions with Ellie Mae’s Encompass, they can leverage our technology to originate more loans, lower the cost to originate and reduce their time to close, all with the quality and compliance needed to meet the changing industry requirements.”
To learn more about Ellie Mae’s Encompass, visit: https://elliemae.com/encompass/encompass-overview
About COCC
As an industry-leading fintech provider, COCC delivers innovative, comprehensive technology solutions and strategic partnerships with an unparalleled focus on service. Offering a robust, feature-rich suite of modern, standards-based core and digital banking solutions, COCC’s cutting-edge systems are designed with intuitive user interfaces and are fortified by advanced APIs which seamlessly facilitate leading fintech integrations. Consistently ready to adopt and embrace emerging technologies, COCC remains agile and forward-thinking, meeting the demands of a rapidly evolving financial landscape where live real-time functionality matters. COCC is forever dedicated to assisting community banks and credit unions with remaining strong and competitive by providing the technology, support, and expertise needed to succeed. To learn more, visit www.cocc.com.
About Ellie Mae
Ellie Mae (NYSE:ELLI) is the leading cloud-based platform provider for the mortgage finance industry. Ellie Mae’s technology solutions enable lenders to originate more loans, lower origination costs, and reduce the time to close, all while ensuring the highest levels of compliance, quality and efficiency. Visit EllieMae.com or call (877)355-4362 to learn more.
