Ellie Mae Rebrands Digital Lending Platform

Ellie Mae Rebrands Digital Lending Platform

April 16, 2020
Pleasanton, Calif.-based Ellie Mae has announced its acquisition of Capsilon, a provider of AI-powered mortgage automation software for mortgage lenders, investors and servicers
Ellie Mae's Encompass Digital Lending Platform is now Ellie Mae Digital Lending Platform. The platform provides an efficient way for lenders to engage with clients and close loans more efficiently, according to a release.
"The Ellie Mae Digital Lending Platform is core to the $11 trillion home mortgage ecosystem," said Jonathan Corr, president and CEO of Ellie Mae. "This renaming makes it clear to the industry that we're providing an open platform with capabilities to manage every stage of the mortgage lifecycle, from point of interest to origination to resale on the secondary market, regardless of what POS or LOS a lender may use. It also provides clear delineation between our own Loan Origination Software (LOS) solution, Encompass, and our robust platform that serves the entire industry."
The release states that the rebrand will more accurately reflect the openness and flexibility of Ellie Mae's digital lending platform.