Mortgage software company Ellie Mae, which serves thousands of banks, credit unions andmortgage companies, has rolled out a new version of its mortgageplatform designed to help users comply with the CFPB's newestdisclosure and closing regulations.

The CFPB has proposed bringing its newest rules, a part of theTruth in Lending Act and Real Estate Settlement Procedures Act,into effect on Oct. 3, 2015.

The newest version of the Encompass mortgage platform includesnew forms for loan estimates and closing disclosures, the firmsaid, as well as new fee itemization forms.

“Despite the shifting of the effective date of the newregulations, we were ready and committed to providing our lenderswith our new release, which we began delivering in June, as we knowthat compliance with TILA-RESPA is much more than adopting newforms,” Ellie Mae President/CEO JonathanCorr said. “Lenders need real tools and resources to make thenecessary changes to the loan production process and managethird-party relationships more effectively.”

He added, “The new release of Encompass provides newcapabilities using our pricing and secondary solutions along withthe necessary automation and resources required for a smoothtransition to a post TILA-RESPA environment. Ultimately this majornew version of Encompass is enabling our customers to increaseproductivity and efficiency.”

The Pleasanton, Calif.-based company also announced on July 21that it has entered into a strategic partnership with FannieMae.

Fannie Mae, which is now government-owned, already providessoftware for mortgage lenders originating loans for sale onto thesecondary market. Ellie Mae announced that the partnership wouldallow the two organizations to provide users eith a more uniformwork environment.

“Our focus at Ellie Mae is to provide our lenders withinnovative solutions for automating the entire loan process whileensuring the highest level of compliance, loan quality andefficiency,” Ellie Mae Executive Vice President Joe Tyrrell said.“Our strategic partnership with Fannie Mae will make it even easierfor our lenders to do business with Fannie Mae through a completeworkflow that covers the entire loan cycle, from application topost-closing.”

“We share a common goal with Ellie Mae, which is to providebest-in-class tools to our lenders,” Fannie Mae Senior VicePresident of Strategic Initiatives and Business Solutions StevePawlowski added. “By partnering with Ellie Mae, we will leverageour combined technological innovation and expertise to create evengreater automation and transparency. Together, we will provide ourcustomers with greater certainty and access to technology thatmakes it easier to do business with us. We look forward to workingwith Ellie Mae to enhance our value to lenders and help themsucceed.”