First Choice Loan Services Wins Two 2016 Ellie Mae Awards

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Mortgage Company Wins Exceptional Achievement in Compliance Automation award and Shark Tank

(from left to right) Jonathan H. Corr – President & CEO of Ellie Mae, Marcus Hadden – SVP, Vendor Management, Bryan Telford – VP, Business Solutions, Siobhan Singh – SVP, Corporate Training & Develop

Our hope is that this encourages others who succeed to give back.

New Jersey-based residential mortgage lender First Choice Loan Services Inc., a wholly owned subsidiary of First Choice Bank, today announced that it was presented two awards at the Ellie Mae Experience 2016, held at the Wynn Las Vegas in Las Vegas, Nevada, on March 2, 2016.

The first honor received was Ellie Mae’s Exceptional Achievement in Compliance Automation award. Presented by NBA legend, two-time Hall of Famer and entrepreneur Earvin “Magic” Johnson, this award recognizes forward-thinking companies that have leveraged business rules, alerts, and the Encompass Compliance Service to fully integrate compliance into their origination process, thereby minimizing the chance of compliance-related issues.

The second win came through our participation in Ellie Mae’s Idea Center Shark Tank session. During this presentation, Senior Vice President of Operations/Business Solutions Terry Chung and Senior Vice President of Compliance Joshua Weinberg shared information on Assisted Automated HMDA Compliance. As the winning idea, our concept will be added to the Encompass Roadmap and should help all of Ellie Mae’s customers improve their accuracy and gain efficiencies in one of the most important and difficult areas of mortgage lending compliance.

First Choice Loan Services also was awarded $1,000 for winning Ellie Mae’s Idea Center Shark Tank. The mortgage company decided to donate this amount to benefit Autism Speaks, the world's leading autism science and advocacy organization, dedicated to funding research into the causes, prevention, treatments and a cure for autism; increasing awareness of autism spectrum disorders; and advocating for the needs of individuals with autism and their families. Ellie Mae, in turn, is providing a matching donation.

“We are proud to honor First Choice Loan Services Inc. as the winner of our Ellie Mae Idea Center Challenge and an inductee into the Ellie Mae Hall of Fame, an achievement they first received in 2013,” said Jonathan Corr, Ellie Mae president and CEO. “They represent some of the top innovation in the mortgage industry. By showing market leadership and innovation through their use of Ellie Mae’s Encompass all-in-one mortgage management solution they have driven compliance, quality and efficiency across their organization. We congratulate the team from First Choice Loan Services on these outstanding achievements.”

First Choice Loan Services President and Chief Executive Officer Norman T. Koenigsberg is very excited about these wins and all they represent.

“I’m extremely proud of this entire experience. Witnessing how our First Choice Business Solutions Group, Compliance and Training Departments collaborated to ultimately win these highly respected distinctions from Ellie Mae reminds me of how much we can accomplish when we work as a team. They have helped strengthen the continuously growing reputation First Choice Loan Services has as a leader in the mortgage industry,” said Norman. “More importantly, the manner in which this provided First Choice and Ellie Mae an opportunity to give to Autism Speaks further demonstrates our strong commitment to adding worth to the communities and world we serve. Our hope is that this encourages others who succeed to give back.”

This is the second time for First Choice Loan Services to win Ellie Mae’s Exceptional Achievement in Compliance Automation award and the first to win the Ellie Mae Shark Tank.

About First Choice Loan Services Inc.

Headquartered in East Brunswick, New Jersey, First Choice Loan Services Inc. is a wholly owned subsidiary of First Choice Bank. Founded in 2009, the company is licensed to originate and close residential mortgage loans nationwide, excluding Arkansas. With 15 locations across 6 states and over 500 employees, First Choice Loan Services Inc. offers FHA and VA programs, Jumbo loans, fixed and adjustable rate loans, and refinancing and renovation programs. First Choice Loan Services Inc. is an Equal Housing Lender, NMLS #210764. Licensed by the New Jersey Department of Banking and Insurance. AZ BK# 0918586. To learn more about First Choice, visit

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Chad Peterson