Ellie Mae was a mortgage technology services company that now does business as ICE Mortgage Technology. Through its software as a service model, Ellie Mae specialized in originating and funding new mortgage loans and at one point processed 35% of all residential U.S. mortgage applications.
Originally founded in 1997, Ellie Mae was based in Pleasanton, California and was acquired by the Intercontinental Exchange in 2020.
Latest Ellie Mae News
Ellie Mae, which is on quite the roll from a revenue standpoint, will soon have a new chief financial officer, as the company’s current CFO, Edgar Luce, announced plans to resign. The announcement, which came via a filing with the Securities and Exchange Commission, states that Luce’s resignation takes effect on April 1, 2017. According to Ellie Mae, Luce intends to retire.
Ellie Mae Content
With large investors including Wells Fargo, Texas Capital Bank, Ginnie Mae and the Federal Home Loan Banks signaling their intention to purchase and accept eNotes in the near future, some perceived barriers to eMortgage adoption are quickly falling away. That’s one reason MERSCORP Holdings, which owns and operates the MERS eRegistry, is holding an eMortgage Boot Camp this year on November 15.