Items Tagged with 'Ellie Mae'

ARTICLES

  • The first-time Millennial homebuyer just turned 30

    Millennials step up their borrowing game from February to March, yet still have to rent longer
    The average Millennial homebuyer just turned 30. According to Ellie Mae's latest report, the average age of a Millennial homebuyer rose from 29.5 in March 2017 to 30.1 in March of this year. Ellie Mae points to the compression of inventory largely due to Baby Boomers aging in place instead of relocating and retiring as the reason for the average age of the Millennial homebuyer to creep up into the 30s.
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  • Ellie Mae: Millennials using conventional over FHA hits all-time high

    Millennial share of purchase loans increases
    An increasing share of Millennials are now leaning toward conventional financing, rather than FHA, and even hit an all-time high in February. Millennials are also increasing their overall share in the housing market, and are now the largest group of homebuyers in the U.S. as their purchase loans increased to 45% of all closed loans.
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  • From HW Magazine

    2018 HW Tech100 Winner: Ellie Mae

    Encompass enables lenders to provide high-tech service that homebuyers expect
    Ellie Mae’s cloud-based Encompass platform enables lenders to provide the high-tech service with a human touch that homebuyers expect with efficiency, quality and compliance. Ellie Mae’s technology solutions help lenders originate more loans, lower origination costs and reduce closing times while automating everything that can be automated to offer a path to a true digital mortgage.
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  • Ellie Mae partners with Pacific Union, Finicity to speed up mortgage lending process

    Companies integrate with Encompass platform for greater efficiency
    Ellie Mae announced it is partnering with Pacific Union Financial and Finicity to improve its digital mortgage solution and increase efficiency. The two companies will integrate with Encompass, Ellie Mae’s digital solution, allowing Ellie Mae to improve its digital mortgage process.
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  • Realtors: This is how your buyer wants you to contact them

    But some topics are off-limits
    Homebuyers are increasingly looking to texting as a way to communicate with housing professionals on the go during the home buying process, however, certain topics are off-limits for this method of communication. A new Ellie Mae study found that while the demand for communicating by text increased, less homebuyers prefer to communicate through email.
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  • Refinances regain popularity among Millennial buyers

    Refinances account for 15% of mortgages for third straight month
    Refinances became more popular among Millennials during the fourth quarter of 2017, according to the latest Ellie Mae Millennial Tracker report. The refinance share made up 15% of closed loans among Millennials in December, the highest percentage of refinances for this demographic since February.
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