Lenders can now choose between two data delivery methods:
Hosted: Analyze Encompass® data by connecting a Business Intelligence (BI) application directly to Data Connect without having to replicate the data to a local data warehouse.
Replication: Replicate the Encompass data into a lender's data warehouse and to downstream applications for increased flexibility and analysis capabilities.
"Data is a lender's best friend. It allows for a better understanding of customers and members and the industry at large and provides key insights that lead to business innovation and a significant competitive advantage," said
Hosted delivery provides all of the existing benefits of the Data Connect replication solution and much more, including:
Access to Encompass loan data fields in near real-time without impacting Encompass performance, offering access to the available data when you need it
Pre-built reports and dashboards in third-party BI applications to reduce development costs
Three years of historical data right out of the box to allow year-over-year analysis
Automatic database schema updates synced with changes in Encompass
Maximized existing business intelligence tools using structured data provided by Encompass Data Connect hosted
"Data Connect in a hosted delivery model leads to cost savings and an abundance of data-driven insights that can increase the efficiency, agility, and profitability of lenders' businesses," said Tyrrell.
"Without Data Connect to feed data to our operations and capital markets teammates, we wouldn't have been able to navigate the volume and volatile markets in March, April and May," said
(925) 227-5913
Erica.Bigley@elliemae.com
Allison+Partners
(646) 428-0618
EllieMae@allisonpr.com
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