Re-Posted from Mortgage News DailyBY: MATTHEW GRAHAMView the original articleBeginning yesterday morning, the most widely-used Loan Origination Software (LOS) has been offline. Ellie Maeestimates their Encompass platform handles over 20% of all mortgage transactions in the US, and helped process 3.2 million applications in 2012. But little, if anything has been processed through their system in the past 24 hours.In their first statement yesterday, Ellie Mae said:C [...]
