In addition to the unprecedented ability in imaginary creation, large text-to-image models are expected to take customized concepts in image generation. Existing works generally learn such concepts in an optimization-based manner, yet bringing excessive computation or memory burden. In this paper, we instead propose a learning-based encoder, which consists of a global and a local mapping networks for fast and accurate customized text-to-image generation. In specific, the global mapping network projects the hierarchical features of a given image into multiple new words in the textual word embedding space, i.e., one primary word for well-editable concept and other auxiliary words to exclude irrelevant disturbances (e.g., background). In the meantime, a local mapping network injects the encoded patch features into cross attention layers to provide omitted details, without sacrificing the editability of primary concepts. We compare our method with existing optimization-based approaches on a variety of user-defined concepts, and demonstrate that our method enables high-fidelity inversion and more robust editability with a significantly faster encoding process. Our code is publicly available at https://github.com/csyxwei/ELITE.