Hello everyone, and welcome to our comprehensive guide on Encompass mortgage software costs. In this article, we’ll be discussing everything you need to know about the cost of using the Encompass mortgage software platform, including pricing tiers, additional costs, and frequently asked questions.
What is Encompass?
Before we dive into the costs of using Encompass, let’s first discuss what it is. Encompass is a mortgage software platform developed by Ellie Mae, a company that provides technology solutions for the mortgage industry. Encompass is a comprehensive platform that helps lenders manage the entire mortgage process, from origination to closing, with a complete set of tools, integrations, and services.
Pricing Tiers
Encompass offers multiple pricing tiers to meet the needs of businesses of all sizes. These tiers include:
| Tier | Price per user per month | Minimum users required | Features |
|---|---|---|---|
| Professional | $155 | 1 | Basic features and integrations |
| Business | $195 | 25 | Advanced features and integrations |
| Enterprise | Contact for pricing | 100 | Customizable features and services |
Professional Tier
The Professional tier is the most basic plan offered by Encompass. It is designed for small businesses that only need a few users to manage their mortgage processes. The Professional plan includes basic features such as:
- Loan origination
- Document management
- Compliance management
- Client communication tools
While the Professional plan is the most affordable option, it may not be suitable for larger organizations that require more advanced features and integrations.
Business Tier
The Business tier is designed for mid-sized organizations that require more advanced features and integrations. This plan includes everything in the Professional plan, as well as:
- Customizable workflows
- Third-party integrations
- Data analytics and reporting
- Loan pricing and eligibility tools
The Business tier requires a minimum of 25 users and is priced at $195 per user per month. While more expensive than the Professional plan, the Business plan offers more features and integrations that can help organizations streamline their mortgage processes.
Enterprise Tier
The Enterprise tier is designed for large organizations that require customizable features and services. This plan includes everything in the Business plan, as well as:
- Customizable dashboards and reports
- API access for custom integrations
- Advanced security and compliance features
- Dedicated customer support
The Enterprise plan requires a minimum of 100 users and is priced on a case-by-case basis. Organizations interested in the Enterprise plan should contact Encompass directly for pricing information.
Additional Costs
In addition to the monthly per-user fees, there may be additional costs associated with using the Encompass platform. These costs may include:
- Setup fees
- Training fees
- Support fees
- Customization fees
The cost of these additional fees will depend on the specific needs of each organization. Before signing up for Encompass, it’s important to discuss these potential costs with a representative to get a clear understanding of the total cost of using the platform.
FAQs
How much does Encompass cost?
The cost of Encompass depends on the pricing tier selected and the number of users required. The Professional plan starts at $155 per user per month, the Business plan starts at $195 per user per month, and the Enterprise plan is priced on a case-by-case basis.
What features are included in each pricing tier?
The Professional plan includes basic features such as loan origination and document management. The Business plan includes more advanced features such as customizable workflows and third-party integrations. The Enterprise plan includes customizable features and services tailored to the specific needs of each organization.
Are there any additional costs associated with using Encompass?
Yes, there may be additional costs such as setup fees, training fees, support fees, and customization fees. These costs will depend on the specific needs of each organization.
Is Encompass worth the cost?
Whether or not Encompass is worth the cost will depend on the specific needs of each organization. Encompass offers a comprehensive set of tools, integrations, and services to help streamline the mortgage process, but the cost may be prohibitive for some organizations.
How do I sign up for Encompass?
To sign up for Encompass, visit the Ellie Mae website and fill out the contact form. A representative will be in touch to discuss pricing and set up your account.
Can I cancel Encompass at any time?
Yes, organizations can cancel their Encompass subscription at any time. However, it’s important to discuss any cancellation fees or penalties with a representative before canceling to avoid any unexpected costs.