She was originally entered into the record as "Matilda", so why/how was her name changed to "Isabel (Elizabeth)"?
MATILDA de Gand. Her parentage and marriage are noted in Domesday Descendants[997]. m WILLIAM de Welle of Wells and Claxby, Norfolk, son of WALTER FitzRademer & his wife ---
I think this proves she did exist, but the name is wrong (which is confusing).
According to Medlands, the only child of Matilda de Gand and WILLIAM de Welle of Wells and Claxby, Norfolk, was:
ISABEL (m. ROBERT de Tattershall, son of HUGH Brito [de Tattershall] & his wife)
https://fmg.ac/Projects/MedLands/engunttz.htm#_Toc51670251
https://fmg.ac/Projects/MedLands/ENGLISHNOBILITYMEDIEVAL3T-Z.htm#Ro...
Isabel and her husband had five Tattershall children: Philip, John, Robert, Roger, and Walter.