Items Tagged with 'Ellie Mae'

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Ellie Mae CEO: Impacts of TRID starting to show

Time to close a loan increasing
In Ellie Mae's last report, Jonathan Corr, president and CEO of Ellie Mae, said that it was still too early to see the full impact of TRID. However, now that over two months have passed since the TILA-RESPA Integrated Disclose rule went into effect, the impact started to show in the closing data.
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MBA: Mortgage credit continues to loosen

Thanks to new conforming loan programs
Once again, mortgage credit availability trended higher, increasing in October thanks to new conforming loan programs, many of which were affordable housing programs that have lower down payment requirements.
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