Profile: Ellie Mae Inc (ELLI.K)

ELLI.K on New York Consolidated

37.33USD
24 Oct 2014
Price Change (% chg)

$-0.04 (-0.11%)
Prev Close
$37.37
Open
$37.50
Day's High
$37.77
Day's Low
$37.07
Volume
111,998
Avg. Vol
263,711
52-wk High
$38.27
52-wk Low
$22.46

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Ellie Mae, Inc., incorporated on September 14, 2009, is a provider of on-demand automation solutions for the mortgage industry. The Company offers an end-to-end solution, delivered using a software-as-a-service model that serves as the core operating system for mortgage originators and spans customer relationship management, loan origination and business management. It also hosts the Ellie Mae Network that allows Encompass users to electronically conduct business transactions with the lenders and settlement service providers they work with to process and fund loans. The Ellie Mae Network electronically connects the approximately 74,000 mortgage professionals using its Encompass software to the mortgage lenders, investors and service providers integral to the origination and funding of residential mortgages. In January 2014, Ellie Mae Inc completed its acquisition of substantially all the assets of ARG Interactive, LLC (dba MortgageCEO) (MortgageCEO).

For mortgage originators, the Encompass software provides an operating system that handles key business and management functions involved in running a mortgage origination business and serves as a gateway to the Ellie Mae Network. Mortgage originators use Encompass as a single tool for loan processing, marketing, customer communication and to interact electronically with lenders, investors and service providers over the Ellie Mae Network. The Company also offer Encompass users a variety of additional software services, including automated preparation of the documents borrowers must sign to obtain a loan; automated review of loan files to check for compliance with federal, state and local regulations; automated product and pricing of loans to determine appropriate mortgage programs for a particular borrower; electronic document management, or EDM, and Websites used for customer relationship management.

For the lenders, investors and service providers on the Ellie Mae Network, the Company provides electronic connectivity. The other Encompass software services it offers Encompass users include borrower-facing websites which enable originators to market to, communicate with and support their customers, as well as automated solutions that format disclosure and closing documents, electronically manage loan documents, verify reported income, verify regulatory compliance and match specific borrowers to the appropriate mortgage products offered by the lender.

The solutions offered within its on-demand platform include the Ellie Mae TQL Program, Encompass CenterWise, Encompass TPO WebCenter, Encompass Docs Solution, Encompass Compliance Service, Encompass Product and Pricing Service, Encompass 4506-T Service, Encompass Appraisal Service and Encompass Commissions. The Ellie Mae TQL Program is a centralized platform of services within Encompass360. Encompass CenterWise is a bundled offering of Encompass WebCenter and Encompass EDM. Encompass WebCenter provides the ability to create and customize professional Websites for lender headquarters, branches and/or loan officers. Encompass WebCenter provides borrowers and their real estate agents real-time 24/7 loan status updates. Encompass TPO WebCenter is a Web-based extension of Encompass360 that enables loan level interaction between a third-party originator (TPO) and a lender.

Encompass Docs Solution is an integrated document preparation solution that electronically generates the dozens of documents a borrower must receive and sign prior to the funding of a loan. Encompass Compliance Service analyzes mortgage loan data for compliance with consumer protection laws and institutionally mandated compliance policies. Encompass Product and Pricing Service allows Encompass360 users to automatically compare qualified loan products with the latest pricing ND pinpoint the program for a borrower. Encompass 4506-T Service is an integrated income verification solution that allows users to electronically order tax return data from the Internal Revenue Service, compare and validate the income stated on the loan application to the borrower's actual tax returns. Encompass Appraisal Service enables Encompass360 users the ability to order, track, and retrieve appraisal reports from within Encompass360. Users. Encompass Commissions automates the sales commissions process from within Encompass360 to calculate, communicate and reconcile commissions across the organization.

Company Address

Ellie Mae Inc

Suite 200, 4155 Hopyard Road
PLEASANTON   CA   94588
P: +1925.2272082
F: +1925.2279030

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