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Items Tagged with 'Ellie Mae'

ARTICLES

Ellie Mae’s earnings overcome mortgage industry declines

AllRegs buy will reflect on next quarter's results
Brena Swanson
“Revenue grew 30% over last year’s third quarter to a record $42.8 million, despite a 27% decline in industry mortgage origination volume, and our active user base crossed the 100,000 mark for the first time,” said Sig Anderman, CEO of Ellie Mae.
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Arch MI integrates with Ellie Mae’s Encompass

Simplifies mortgage process
Brena Swanson
“Arch MI is very pleased to partner with Ellie Mae to offer our customers full integration with their Encompass platform,” said Chris Hovey, executive vice president and chief operations officer at Arch MI. “Our integration with Encompass enables our customers to simplify the process of ordering mortgage insurance with Arch MI.”
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Ellie Mae completes acquisition of AllRegs

$30 million deal previously announced in August
Ben Lane
“At a time when compliance has become mission critical for mortgage lenders, the acquisition positions Ellie Mae as the leading source of mortgage management technology, investor guidelines, compliance resources and education to help lenders achieve compliance, loan quality and efficiency,” Ellie Mae said in a release announcing the completion of the deal.
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Ellie Mae’s July origination report shows share of purchase loans up

Even better, time to close falls to its lowest
Trey Garrison
Ellie Mae’s Origination Insight report shows that for July, the share of purchase loans rose to its highest level in the series, while time to close fell to its lowest.
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Closing rate for mortgage originations drops in July

Closure for 90-day applications falls below 60%
Trey Garrison
Mortgage originations showed an overall closing rate of 57.7% in July 2014, down from 60.7% in June 2014, according to a sample of 90-day loan applications conducted by Ellie Mae.
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Ellie Mae to acquire AllRegs for $30 million

All-cash deal expected to close within 90 days
Ben Lane
“With the acquisition of AllRegs, Ellie Mae will expand its customer base and add a broad array of content and services that complement our portfolio of product offerings,” Ellie Mae CEO Sig Anderman said. “This strategic acquisition enhances Ellie Mae’s compliance leadership and furthers our goal to be the company that powers the entire mortgage industry.”
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Ellie Mae 2Q14 earnings overcome outages

Encompass users increase 12% y/y
Brena Swanson
Ellie Mae recorded an increase in its second-quarter earnings despite additional operating expenses from its outages experienced at the end of March.
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Where is Ellie Mae moving?

Second-quarter earnings coming soon
Brena Swanson
After experiencing a temporary service outage of its origination system back in March, Ellie Mae is posting strong improvements and actually moving into a new headquarters to accommodate its growing workforce.
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Despite mortgage reductions, Huntington earnings rise

Mortgage-banking income fell $11 million
Brena Swanson
Huntington Bancshares posted a second-quarter net income of $165 million, up $14 million, or 9%, from last year. However, mortgage-banking income fell $11 million, or 33%, reflecting a 49% reduction in originations and secondary marketing revenue.
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GIF: 4 charts, 1 changed housing market

Purchase vs. refinance
Brena Swanson
Although rates have managed to stay surprisingly low, this is the first time since 2000 that the purchase market is dominating the mortgage market.
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