Ellie Mae Inc. has announced their 2012 Ellie Mae Hall of Fame inductees. Companies were chosen based on their years of service, dedication and commitment to adopting and implementing Ellie Mae’s mortgage solutions. Each of these inductees have shown a genuine commitment to innovation through automating the process of originating loans, striving for a paperless mortgage process and enhancing the overall consumer experience through the use technology and improved business processes. This year’s 10 inductees, in alphabetical order, are:Click to continue

Ellie Mae Inc. has released its Origination Insight Report for August 2012 which found that the time needed to close a mortgage has risen by nearly 25 percent over last year, an average of 40 days to an average of 49 days. The report also found that refinances were a primary factor for driving this change in time.Click to continue

Ellie Mae Inc. has released findings from its study on the mortgage lending operations at community banks conducted by T. Aloise & Company, a market research firm specializing in financial services.Click to continue

Ellie Mae has released its Origination Insight Report for July 2012, drawing its data and insights from a robust sampling of the significant volume of loan applications—more than 20 percent of all originations in the United States—that flow through Ellie Mae’s Encompass360 mortgage management software and the Ellie Mae Network. Ellie Mae found that 45.8 percent of all applications closed in July 2012 compared to 46.2 percent in June 2012.Click to continue

Ellie Mae has announced the release of the latest upgrades to its Encompass360 mortgage management solution. The release, the first of two scheduled for 2012, contains new functionality and enhancements designed to further increase compliance, efficiency and ease of use. The major enhancements include:Click to continue

Coester VMS has announced the successful integration of its Cloud Control appraisal management technology into the Ellie Mae Encompass360 mortgage management system, giving Encompass360 users the ability to order Coester appraisals with a single click. The integration also allows users to automatically schedule appraisal appointments and process check payments through an integrated e-check tool.Click to continue

Ellie Mae Inc. has announced that it has received authorization from NYSE Regulation Inc. to transfer the listing of its common stock to the New York Stock Exchange (NYSE) from the NYSE MKT (formerly, NYSE Amex), where it has traded since Ellie Mae’s initial public offering in April 2011. Ellie Mae anticipates that trading in its common stock on the NYSE will begin on or about June 5, 2012 under its current symbol, “ELLI.”Click to continue

Ellie Mae has announced that the U.S. Patent and Trademark Office has issued the company a patent for an advanced security model that enables managers, loan officers and processors to securely access critical loan files and documents online. The company now holds six patents. The invention, U.S. Patent Number 8,126,920, “Enterprise Security Management System Using Hierarchical Organization and Multiple Ownership Structure,” is a hierarchical organization and security model for networked computing.Click to continue

Ellie Mae Inc. has announced that First Bank Mortgage of Augusta, Ga., a division of First Bank of Georgia, has selected Encompass360 as its mortgage management solution. In 2011, First Bank Mortgage originated more than $400 million in mortgages through its retail branches and 60 correspondent lenders. Prior to selecting Encompass360, First Bank Mortgage had been using multiple systems, which made it increasingly difficult for their wholesale correspondent lending clients to do business with them.Click to continue

Bay Equity Home Loans has announced that it has completed its initiative to implement a completely paperless loan processing system. While Bay Equity’s loan processing system has been predominantly paperless for some time, the company’s electronic document management system now virtually eliminates printing hardcopies of loan documents. By not having to print hundreds of pages of paper—many of them legal-sized—on each and every loan, Bay Equity helps the environment while realizing significant financial savings.Click to continue