""Ellie Mae"":http://www.elliemae.com/ announced Wednesday that the United States 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 loan files and documents online.
[IMAGE]The patent is for an invention that allows multiple ownership of system files and resources while maintaining organizational control and security rules over users. While the model allows networked users to access and collaborate on documents, it also lets members higher up in the organization limit access.
[COLUMN_BREAK]""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.""
Ellie Mae, Inc., based in Pleasanton, California, is a leading provider of on-demand automation solutions for the mortgage industry.