CoreLogic's FinalCheck suite of quality control software is now accessible from the Ellie Mae loan origination system.
The integration is direct into the Encompass360 LOS, rather than a connection through Ellie's collaborative network services platform, the Ellie Mae Network.
The three FinalCheck tools verify borrower credit and mortgage application and fraud data, and create an audit report for lenders to review before loan delivery to secondary market investors.
CoreLogic's Credco unit developed the FinalCheck suite and launched it in December.
Other CoreLogic software integrated into Ellie's Encompass360 LOS are its Instant Merge credit report, Flood Services, LoanSafe Fraud Manager, and 4506-T Direct income verification services.
Last fall, a number of vendors began adding compliance and prefunding quality control technology to their LOS.
Some vendors added service-based integrations into Fannie Mae's web portal for EarlyCheck, which lets lenders run mortgage documents through Fannie Mae's data verification platform before the loan is funded and closed.
CoreLogic holds a 16.29% stake in Ellie Mae, making it the largest shareholder. Ellie Mae is in the process of selling shares in an initial public offering.
While CoreLogic is not expected to sell any of its shares, the IPO will shrink the stake, to 12.3%.
