Ellie Mae recreates COO position
Ellie Mae (ELLI) named Jonathan Corr in the position of chief operating officer. The mortgage origination technology firm employed COOs in the past, but only recently recreated Corr's position, after two years of nonexistence. Joe Langner last served as COO of Ellie Mae from September 2005 to November 2009. Corr will oversee sales, business development, marketing, client services and client support division. As Ellie Mae's chief strategy officer, he had a hand in the Pleasanton, Calif.-based company's $25.2 million purchase in August of Del Mar Datatrac, provider of mortgage lending solutions. At the time, Corr said the acquisition boosted the company's loan volume in 2011 to 1.5 million from 1 million projected earlier. Ellie Mae used the proceeds from its initial public offering in April to purchase Del Mar Datatrac. “Jonathan has been the driving force behind the development and impressive adoption of all of our flagship products, including Encompass360 and its hosted – or SaaS – edition, as well as the Ellie Mae Network that electronically connects originators to the business partners they need to work with to process and fund loans," said Ellie Mae Chief Executive Sig Anderman. Corr joined Ellie Mae in 2002 as senior vice president of product strategy and had been the company's executive vice president and chief strategy officer since 2005. In Sept., Ellie Mae named Lisa Schreiber vice president of lender business development. Write to Justin T. Hilley. Follow him on Twitter @JustinHilley.