Profile: Ellie Mae Inc (ELLI.K)
26 May 2017
Ellie Mae, Inc., incorporated on October 14, 2009, is a provider of on-demand software solutions and services for the residential mortgage industry in the United States. Banks, credit unions, mortgage lenders and mortgage brokers use the Company's Encompass mortgage management solution to originate and fund mortgages. The Company's Encompass software is an enterprise solution that handles functions involved in running the business of originating mortgages, including customer relationship management; loan processing; underwriting; preparation of application, disclosure and closing documents; funding and closing the loan for the borrower; compliance with regulatory and investor requirements, and overall enterprise management. The Company delivers Encompass software in an on-demand Software-as-a-Service (SaaS). The Company also hosts the Ellie Mae Network, an electronic platform that allows Encompass users to conduct electronic business transactions with investors and service providers they work with in order to process and fund loans.
The mortgage originators use Encompass as a tool for loan processing, marketing, and customer communication and to interact electronically with lenders, investors, and service providers over the Ellie Mae Network. For the lenders, investors and service providers on the Ellie Mae Network, it provides electronic connectivity that allows them to do business with mortgage origination professionals using Encompass. It also offers Encompass users a range of other on-demand software services delivered within Encompass. Under the AllRegs brand, the Company's research and reference products include single and multifamily underwriting and insuring guidelines, as well as libraries of federal and state laws and regulations, and the Company is an electronic publisher of certain mortgage lending guidelines for the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) and The Federal Home Loan Bank. Its educational division, AllRegs Academy, offers courses related to the mortgage industry, including self-paced training, instructor-led online courses, Webinars or live classroom training and certified continuing education classes for state licensed mortgage originators. In addition, through the AllRegs brand, it offers documentation and learning management solutions to facilitate its customers' mortgage lending compliance, as well as data and analytics services relating to investor loan products.
The Encompass Lending Platform and Encompass Developer Connect gives customers, partners and independent software vendors a suite of application program interfaces (APIs) and developer resources. Encompass CRM includes a suite of sales and marketing tools that allows users to manage contacts, leads and marketing campaigns. Encompass WebCenter provides the ability to create and customize professional Websites for lenders, allowing prospective borrowers to initiate loan applications online. Encompass Consumer Connect enables lenders to deliver self-service online loan origination experience for borrowers. Encompass TPO WebCenter is a Web-based extension of Encompass that enables loan level interaction between a third-party originator (TPO), and a lender. Built on the Encompass Lending Platform, Encompass TPO Connect provides a customizable and interactive Web experience for wholesale and correspondent lending channels. Built on the Encompass Lending Platform, Encompass Loan Officer Connect is a mobile extension of Encompass.
The Ellie Mae Total Quality Loan Program (TQL) is a centralized platform of services within Encompass. Encompass Compliance Service analyzes mortgage loan data for compliance with a set of federal and state laws and regulations, as well as institutionally mandated compliance policies. Encompass 4506-T Service is an income verification solution. Encompass Flood Service allows Encompass users to order and transfer basic and life-of-loan flood zone determination electronically. Encompass Fraud Service allows Encompass users to order collateral and non-collateral based fraud risk reports from within Encompass. The Encompass processing and closing solutions include Encompass electronic document management, Encompass Docs Solution, Encompass Appraisal Center and Encompass Title & Closing Center. Encompass Product and Pricing Service allows Encompass users to automatically compare qualified loan products. Encompass Secondary Marketing provides lock request management, post-closing condition tracking and tools for fulfillment and trades, such as purchase advice reconciliation, interim servicing and trade management. The Ellie Mae Network enables mortgage originators to choose from, and connect to, an array of investors and third-party service providers essential to the processing and funding of loans. The Company's Compliance Management System leverages components from the AllRegs product line to serve as a compliance management system for lenders.
The Company's professional services implementation team consists of implementation consultants, project managers, business analysts, product specialists, and custom development resources. The Company offers technical support and services organization. Its education organization develops and delivers training curriculum.
The Company competes with CBCInnovis, Calyx Technology, Inc., DH Corporation, LendingQB, Altisource Portfolio Solutions SA, Accenture PLC, Wipro, Ltd., Black Knight Financial Services, Inc., D+H Corporation, Blue Igloo, Inc., DigitalDocs, Inc., DocMagic Inc., LenderLive Network, Inc., MRG Document Technologies, LogicEase Solutions Inc., Wolters Kluwer Financial Services, Inc., First American Financial Corporation, Insight Lending Solutions, Inc., Zillow, LoanLogics, Optimal Blue, LLC, Encomia LP, SigniaDocs, Inc., VirPack Corporation and Xerox Mortgage Services, Inc.
Ellie Mae Inc
4420 Rosewood Dr Ste 500
PLEASANTON CA 94588-3007
Company Web Links
- BRIEF-Ellie Mae streamlines closed loan data delivery through integration with Wells Fargo
- BRIEF-Ellie Mae Q1 adjusted Non-GAAP EPS $0.25
- Fitch: Big Banks Could Have Edge in US Online Mortgages over Time
- BRIEF-Ellie Mae reports Q4 and full year 2016 results
- BRIEF-John Abel joins Ellie Mae as Chief Information Officer