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Share Name | Share Symbol | Market | Type |
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Ellie Mae, Inc. | AMEX:ELLI | AMEX | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.00 | - |
Ellie Mae® (NYSE Amex:ELLI), a leading provider of enterprise level, on-demand automated solutions for the residential mortgage industry, announced today that the inaugural Origination Insight Report, a new monthly report on the state of the origination market will be released on Wednesday April 4th at 8:30 AM Eastern Time.
The report will draw its data and insights from the large sampling of the high volume of loan applications—more that 20% of all originations in the U.S.—that flow through Ellie Mae’s Encompass360® mortgage management software and the Ellie Mae Network™. The report is particularly timely given that Spring marks the start of the peak home buying season and, while interests rates are currently at generational lows, purchase and refinance activity has not increased to expected levels. Ellie Mae’s data and commentary will provide insight into the level of difficulty in getting or originating both purchase and refinance loans, including:
After tomorrow’s debut report, future Ellie Mae Origination Insight Reports will be released on the third Wednesday of each month and will examine data for the prior month. More detailed analysis of closed and denied loans, by loan purchase and investor, will be available on the Ellie Mae website at http://www.elliemae.com/aboutus/about_reports.asp.
“Our goal in creating this new report is to add some metrics to the anecdotal information about the origination market and what is required to get a loan today,” said Jonathan Corr, chief operating officer of Ellie Mae.
About Ellie Mae
Ellie Mae, Inc. is a leading 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. The Company also hosts the Ellie Mae Network™ that allows mortgage professionals to conduct electronic business transactions with the lenders and settlement service providers they work with, to process and fund loans. The Company's offerings include the Encompass®, Encompass360® and DataTrac® mortgage management software systems.
Ellie Mae was founded in 1997 and is based in Pleasanton, California. To learn more about Ellie Mae, visit www.EllieMae.com or call 877.355.4362.
© 2012 Ellie Mae, Inc. Ellie Mae®, Encompass®, Encompass360®, DataTrac®, Ellie Mae Network™ and the Ellie Mae logo are registered trademarks or trademarks of Ellie Mae, Inc. or its subsidiaries. All rights reserved. Other company and product names may be trademarks or copyrights of their respective owners.
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