Wakefield, MA—March 15, 2018 – AI Foundry, the leader in Actionable Intelligence Management (AIM) and end-to-end mortgage origination and servicing solutions, announced today that its AIM platform has been integrated with Ellie Mae’s mortgage management solution—Encompass®. AI Foundry’s Agile Mortgages solution is built on its AIM platform and enables the classification of loan documents, automated data extraction, checklisting and alerting of document completeness, and population of loan origination systems like Encompass. This integration has been recently deployed to AI Foundry’s banking customers that utilize Encompass as their system of record.
AI Foundry worked with Chetu to develop a seamless integration between its AIM platform and Encompass that streamlines closing, funding, and loan compliance. This integration is the latest in the AIM Connect library that provides automated posting of extracted data to loan origination systems (LOS), validation of extracted data to loan applicant input, and population of income and asset worksheets. This not only eliminates manual rekeying of data and the errors that creep in, but also makes loan officers, underwriters, and loan quality assurance officers much more efficient, versus the current “stare and compare” paradigm. Chetu was AI Foundry’s development partner of choice for this integration, as Chetu is a provider of custom technology solutions to businesses worldwide and has a global footprint.
“This Encompass integration supports AI Foundry’s plan to provide higher levels of connectivity to the lending ecosystem with end-users reaping the benefits including fast loan approval, simplified processes, and stellar customer experience,” proclaimed Alan Swahn, vice president of marketing at AI Foundry. “We look forward to working with Chetu on future projects, considering their work ethic, professionalism, and high work-product standards.”
“Chetu is excited to be an AI Foundry development partner and work on leading-edge projects like integrating the AIM platform with Encompass,” noted Jim Garlock, director of banking and finance at Chetu. “As a member of the Ellie Mae Pro Consulting Partner Program, we have the tools and knowledge to develop exceptional products for our customers.”
About AI Foundry
AI Foundry, a Kodak Alaris business unit, transforms banking and lending operations by integrating information, people and processes to enable increased insight and improved decision-making. Our Actionable Intelligence Management—AIM— solutions help organizations streamline and automate manual processes, seize new business opportunities and manage compliance, all while driving bottom-line performance. For more information, visit AIFoundry.com/agile-mortgages/
Founded in 2000, Chetu is a global provider of customized software development solutions combining technological expertise, specific domain experience and passion for excellence to deliver enterprise-grade solutions. Chetu is a true and seamless backend technology partner, helping businesses accelerate the development of desktop, mobile & web-based apps with on-demand developers. Headquartered in Plantation, Florida, Chetu has fourteen locations throughout the U.S. and abroad. For more information, visit Chetu.com/lending/mortgages.php