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Ellie Mae Inc.

AccountChek Now Available Through Encompass


FormFree Holdings Corporation has announced that its AccountChek, is now available through Ellie Mae’s Encompass mortgage management solution. The integration between the two solutions enables Encompass users to order, analyze and certify a borrower’s electronic bank statement data.Click to continue

Ellie Mae Set to Acquire AllRegs

Handshake Pic Credit: Stockbyte

Ellie Mae, a Pleasanton, Calif.-based provider of on-demand software solutions and services for the residential mortgage industry, has signed a definitive agreement to acquire AllRegs, an Eagan, Minn.-based information provider for the mortgage industry, for $30 million. The acquisition of AllRegs is Ellie Mae’s sixth corporate purchase in six years.Click to continue

PHH Mortgage to Adopt Ellie Mae's Loan Quality Program


Ellie Mae announced that PHH Mortgage Corporation is participating in Ellie Mae’s Total Quality Loan (TQL) program for loans originated through its correspondent lending channel. TQL is designed to further enhance the loan quality, compliance and salability of loans that are originated through Ellie Mae’s Encompass mortgage management solution. TQL offers a suite of services and secure, tamper-proof technology that enables users to share the findings and data from those services with investors and other stakeholders in the mortgage supply chain.Click to continue

Ellie Mae Hall of Fame Inductees Honored in Vegas


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: Spike in Refis Increases Closing Time

Refis/Copyright: Getty Images/Credit: Jupiterimages

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

Study Finds Tighter Regulations Putting the Squeeze on Mortgage Lending Ops of Community Banks


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

New Ellie Mae Report Finds Purchase Market Showing Some Traction

House for Sale Pic

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 Upgrades Encompass360


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