In California, mortgage software and services provider Ellie Mae announced the promotion of Jonathan Corr to the position of CEO.
The announcement follows a decision by the company's board of directors to promote Corr, who currently serves as president and COO. In addition, the board voted to add Corr as a director. Both appointments are effective February 1.
Corr is a nearly 13-year veteran at Ellie Mae, having joined the firm in 2002. He stepped up into the role of COO in 2011 and was named president in 2013. Before those appointments, he led Ellie Mae's product management efforts and was chief strategy officer.
"I have witnessed the transformation of our company from a start-up to an industry leader," Corr said. "In my tenure with the company, I've gained a deep appreciation of the growth opportunities Ellie Mae has in the mortgage industry and for the breadth of talent and expertise we have to capture those opportunities.
"I'm excited to assume this role and look forward to working with the Ellie Mae team to continue to execute our growth strategy," he added.
Corr's new position will have him filling the shoes of Sig Anderman, who has served as CEO since he founded Ellie Mae in 1997. Anderman will continue to serve the company as executive chairman of its board.
"As president and COO, Jonathan has proven to be an outstanding leader and has been instrumental in the growth of the company," said Sig Anderman. "I am pleased to pass the baton to Jonathan and am confident in his ability to advance our leadership position in the mortgage technology industry."
In a statement, Craig Davis, lead independent director of Ellie Mae's board, praised Anderman's leadership over the last 17 years.
"Sig had a vision when he founded the company 17 years ago that Ellie Mae would fundamentally change the mortgage industry by automating everything possible in the origination process," Davis said. "As one of the leading forces for change, Ellie Mae has helped transform the mortgage industry, enabling thousands of mortgage lenders to efficiently produce quality and compliant loans. We are very pleased that Sig will remain active as executive chairman."