Ellie Mae Awarded U.S. Patent for Enterprise Security Management – NMP Skip to main content

Ellie Mae Awarded U.S. Patent for Enterprise Security Management

NationalMortgageProfessional.com
May 23, 2012

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. It allows multiple ownership of system files and resources while maintaining flexibility of organizational control and strict security rules over the users. Ellie Mae’s technology allows loan origination system and other networked computer users to access, work and collaborate securely on files and documents. In addition, a user’s access and/or ability to make changes may be limited or controlled by members higher up in the organization or network. For example, a lender can restrict what actions a mortgage manager can perform on loan files and documents or limit what a loan officer or processor can approve and what data and files they can access. “As our industry migrates to cloud computing and software as a service (SaaS), new opportunities and challenges for clients are being created,” said Limin Hu, Ellie Mae’s co-founder and chief technology officer. “On one hand, this new paradigm enables greater access and efficiency within organizations and supply chains; on the other hand, it also increases the possibility of security lapses. Our new, patented technology addresses both the productivity and security concerns of our clients, and we believe may have applications beyond the mortgage industry.”
Published
May 23, 2012
More from
Tech
Banks And Investors Stake Claim To Their Domain

December 22, 2021, Valencia’s fully digital auction house will auction off .finance and .financial domain names.

Tech
Dec 02, 2021
Why Short-Term Closing Fixes May Be Holding Lenders Back

2020 became a record year for eClosing and eNote adoption

Tech
Dec 01, 2021
Servion Taps Sagent For Consumer-First Servicing Tech Stack

A 7-year deal between Servion Mortgage and Sagent will equip Servion with Sagent's tech stack for performing, non-performing, and consumer experience.

Tech
Nov 29, 2021
OptiFunder Secures $25 Million In Capital

OptiFunder, a warehouse management system provider for mortgage originators, raised $25 million in additional capital lead by Arthur Ventures, a growth capital firm focused on high-growth, founder-led and capital efficient B2B software companies.

Tech
Nov 23, 2021
Guaranteed Rate Adds New Chief Product And Technology Officer

Guaranteed Rate named Dr. Ramesh Sarukkai as the company’s new chief product and technology officer.

Industry News
Nov 22, 2021
Fintech Mortgage Proven To Reduce Racial Bias In Lending

Technology-based Fintech mortgage may be the answer to reducing, and ultimately eliminating, racial bias and discrimination in lending.

Analysis and Data
Nov 19, 2021