Lunch & Learn: Are appraisals the next big opportunity in mortgage fulfillment?

This Lunch & Learn for mortgage lenders will explore the evolution of the appraisal process as well as opportunities for innovation.

Why brokerages and mortgage lenders are rushing into JVs

Joint ventures are suddenly stitched into the fabric of a handful of national brokerages. But the idea of the joint venture collides with the loose, informal networks that color the American housing economy.

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While the world might be slowly getting back to normal, the housing boom is far from over. Appraisers need to make sure they have the right tools to manage the high demand.

Robert Dietz on why the single-family rental market is growing

In this episode of HousingWire Daily, NAHB's Robert Dietz explains why the marketshare of single-family rentals is growing despite strong homebuyer demand. He also discusses the NAHB’s latest Housing Market index.

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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