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Industry News

LandSafe Announces Credit Division Strategic Alliance With Ellie Mae(SM)

January 7, 2002

PLANO, /PRNewswire/ -- LandSafe, Inc today announced a strategic alliance with Ellie Mae, Inc. that will enable home mortgage brokers and lending institutions to have instant desktop access to LandSafe Credit services through the ePASS (electronic Processing and Submission System) Business Center, a business-to-business portal integrated with the Contour and Genesis loan origination platforms.

Michael Faine, president and chief operating officer of LandSafe, Inc., noted that the announcement is another in a series of strategic moves by the company to expand nationwide access to LandSafe products and improve the speed and efficiency of that access.

"Our partnership with Ellie Mae is a good example of how LandSafe continues to grow and improve through the integration of value-added resources with our recently expanded and upgraded technology infrastructure," Faine said. "This enhances LandSafe's ability to offer better products and services to more customers throughout the mortgage industry."

The partnership with Ellie Mae, the nation's largest provider of Internet and software solutions for mortgage originators, will allow ePASS users to order and download high-quality LandSafe credit reports directly into loan application files.

"ePASS is a natural strategic fit for LandSafe Credit," said D. Steve Boland, president and chief operating officer of LandSafe Credit Services, Inc. "ePASS is Internet based, just as the account set up, ordering and product delivery processes are for LandSafe. Users will appreciate LandSafe Credit's increased efficiencies and advanced merge logic, which reduces the need for updated tradelines."

"Ellie Mae's ePASS Business Center simplifies the loan process by allowing originators to seamlessly order credit reports directly from a loan file and to merge liabilities within seconds," said Fred Myer, vice president of settlement services for Ellie Mae. "As a result, ePASS originators will benefit from quicker response times, better customer service and an overall increase in efficiency. Joining forces with LandSafe Credit will significantly enhance our user's access to outstanding credit reporting tools and added convenience."

Source: LandSafe, Inc.

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