Tag Archives: Ellie Mae

Ellie Mae, a leading provider of enterprise-level, on-demand automated solutions for the residential mortgage industry, announced that Jonathan Corr has been promoted to company president. In his role, Corr will be responsible for managing Ellie Mae's day-to-day operations. He will also continue to serve as COO and will keep reporting to Sig Anderman, the company's chairman and CEO.

Closing rates on all types of mortgage loans increased in December, according to data from Ellie Mae's Origination Insight Report.

Purchase originations gained a bit more ground on refinances in November, according to Ellie Mae's latest Origination Insight Report. According to the findings, refinance originations pulled back slightly to represent 68 percent of loans closed, down from 69 percent in the October report. Meanwhile, the share of purchase loans increased to 32 percent from 31 percent previously. Though refinances are slowly losing ground, refinance share remains well above its May level, when refinance and purchase shares were fairly equal.

Consumer Financial Protection Bureau (CFPB) released a report revealing only one in five people actually obtain a copy of their credit report each year.

A study commissioned by Ellie Mae shows lenders using Encompass360 can see vast improvements in compliance and productivity.

The mortgage lending division of Carrington Mortgage Services, LLC was inducted into the Ellie Mae Hall of Fame for mortgage technology. Carrington was specifically recognized for the Best Adoption of Automation at Ellie Mae's Encompass EXPERIENCE 2012 National User Summit due to the company's customization of Ellie Mae's DataTrac mortgage management software.

Mortgage Guaranty Insurance Corporation (MGIC) announced it is now offering mortgage insurance through Ellie Mae's Encompass360 mortgage management software. Through the integration, Encompass360 users can order MGIC rate quotes and mortgage insurance without leaving the platform.

FHA loans receded in September as conventional loans gained popularity, Ellie Mae revealed in its Origination Insight Report.

After a three-year battle, Ellie Mae and software developer DocMagic reached a settlement over an antitrust suit, the companies announced jointly. DocMagic first filed against Ellie Mae in August 2009, alleging antitrust violations, intentional interference with contractual relationships, interference with prospective economic advantage, and unfair competition, according to a company release sent out at the time.