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Tag Archives: Ellie Mae

Capital Economics: Low Mortgage Rates Aren’t Affecting Demand

In recent months, data from the Mortgage Bankers Association, Freddie Mac, Bankrate, and other firms has shown mortgage rates steadily falling, hitting new lows week after week in some measures. However, Capital Economics contends that there is actually little evidence to suggest that this activity is translating into heavier demand. While the Federal Reserve's Senior Loan Officer Survey reported rising demand for mortgage finance in the past three quarters, this increase in demand hasn't shown up in mortgage applications for home purchase, which have remained relatively flat.

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Ellie Mae to Shift Common Stock to NYSE

Ellie Mae, Inc., announced Thursday that it has received authorization to transfer its common stock to the New York Stock Exchange (NYSE).The Pleasanton, California-based mortgage network and software provider was given authorization from NYSE Regulation to transfer the listing of its common stock from the NYSE MKT (formerly NYSE Amex), where it has traded since its initial public offering in April last year.

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Ellie Mae Awarded Patent for Security Model

Ellie Mae 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. The patent is for an invention that allows multiple ownership of system files and resources while maintaining organizational control and security rules over users.

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Credit Scores Rising, LTVs Dropping on New Mortgages: Report

Mortgage lenders remain cautious in terms of credit quality, down payments, and valuations, as evidenced by the findings outlined in the new Origination Insight Report generated by Ellie Mae. The report series tracks the current lending environment for refinance and purchase mortgages, and it indicates the average credit score for loans approved and closed is steadily rising, while acceptable loan-to-value (LTV) ratios are declining. Ellie Mae says mortgage loans closed in February carried an average credit score of 750, with an LTV of 76 percent.

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Ellie Mae Promotes Jonathan Corr to COO Position

Ellie Mae, a provider of automation solutions for the residential mortgage industry, announced that Jonathan Corr has been named chief operating officer (COO). Corr, who has been responsible for corporate and product strategy for Ellie Mae, will now also oversee all sales, business development, marketing, client services, and client support divisions.

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Ellie Mae Taps Industry Veteran Lisa Schreiber for VP Role

Ellie Mae, a provider of automation solutions for the residential mortgage industry, announced Friday that it has appointed Lisa Schreiber as the company's new VP of lender business development. In her new role, Schreiber oversees the company's efforts to build and maintain productive, collaborative relationships with mega-lenders and correspondent investors. Her first major undertaking with Ellie Mae is managing the implementation of the company's TQL (Total Quality Loan) program by a top five mega-lender.

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CoreLogic Integrates Fannie Mae LQI Suite with Ellie Mae System

CoreLogic Credco, a provider of merged credit reports, recently integrated its FinalCheck suite into the Ellie Mae Encompass360 mortgage management solution. FinalCheck is an automated Fannie Mae loan quality initiative (LQI) compliance suite that assists lenders in verifying credit, application, and fraud data. The company says the technology can help lenders uncover undisclosed debt prior to loan submission and mitigate repurchase risk to avoid loan buy-backs from the GSE.

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Ellie Mae Appoints New Board Member

Ellie Mae, an enterprise mortgage origination technology provider, appointed Alan Henricks as its newest board member. Henricks will also join the board of directors' audit committee. With more than 30 years' experience as a CFO, Henricks is currently an independent consultant, advising technology companies and start-ups. He is also the acting CFO of Livescribe, a consumer electronics company.

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Ellie Mae Launches Enhanced Mortgage Management Product

California-based Ellie Mae announced the launch of its second major release of Encompass360 this week. The mortgage management product includes 24 upgrades designed to make it easier for users to comply with lending regulations and improve business management, productivity, and visibility, according to a statement from the company.

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