Top markets for affordable renovated housing inventory

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at auction.

HousingWire Magazine: December 2021/ January 2022

AS WE ENTER A NEW YEAR, let’s look at some of the events that we can look forward to in 2022. But what about what’s next for the housing industry?

Mortgage Tech Virtual Demo Day

Tune in to our live Virtual Demo Day on December 1st at 10am CT to experience demos from the most innovative tech companies in the Servicing, Audit and Post-Close space.

Logan Mohtashami on Omicron and pending home sales

In this episode of HousingWire Daily, Logan Mohtashami discusses how the new COVID variant, Omicron, will impact inflation and whether or not it will send mortgage rates lower.

Mortgage

Ellie Mae raises full-year guidance after another record earnings report

Expects no slowdown to growth

Ellie Mae is moving from strength to strength, and its president sees no end in sight to the company's growth potential.

After market close, the company reported record revenue of $90.1 million, up 37% from $65.9 million in Q2 2015. This broke the previous record revenue report, last quarter, which stood at $73.6 million.

Its net income came in at $10.6 million, up 39% from $7.6 million in Q2 2015.

“Second quarter results exceeded expectations across revenue, bookings and profitability,” said Jonathan Corr, president and CEO of Ellie Mae. 

“Our results are reflective of the mortgage industry’s transformation toward technology-driven solutions and our expanded market leadership," Corr added.

Corr also indicated that more growth is to be expected and investors should come to see continued success.

"Our business also benefits from an improving housing and origination market. With the strong first half complete, we are raising our 2016 full year guidance,” he added.

Earlier this week, Ellie Mae, a leading provider of innovative on-demand software solutions and services for the residential mortgage industry, announced an enhanced integration with First American Title Insurance Company, one of the largest title insurers in the nation.

The path to success is long and notable at Ellie Mae, with events too numerous to mention here.

Click here to read the 200+ HousingWire articles charting Ellie Mae's rise to glory.

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3d rendering of a row of luxury townhouses along a street

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