Ellie Mae® is a leading provider of on-demand automation solutions for the residential mortgage industry. The Company’s end-to-end solution, Encompass360®, serves as the core operating system for one-third of all mortgage lenders in the United States. The Company also hosts the Ellie Mae Network™, which allows Encompass360 users to electronically conduct business transactions with the lenders and settlement service providers they work with to process and fund loans. Ellie Mae’s complete Encompass360 mortgage management system, offered on a pay-per-closed-loan basis, provides:
According to a 2010 survey conducted by MORTECH, LLC, Ellie Mae is the market leader for providing loan origination software (LOS) to the greatest number of mortgage bankers originating at least $50M in residential mortgage annually.