Items Tagged with 'Ellie Mae'


  • FICO scores for refi borrowers reach six-year high, Ellie Mae says

    Average credit score for conventional refinancings jumps to 750
    The average credit score of borrowers who refinanced mortgages in July with loans backed by Fannie Mae and Freddie Mac rose to a six-year high, according to an Ellie Mae report. The score was 750, up from 742 in June. Low mortgage rates are attracting more creditworthy borrowers who are looking to improve their household balance sheets by lowering their monthly bills.
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  • This is how fintech solutions are speeding up mortgage closing times

    Technological advancements are driving closing times down
    As more lenders begin to offer fintech solutions to consumers, data suggests that borrowers are now closing on homes faster than they were in previous years. Among many other compelling factors, like reduced closing costs, this increased rate of production has influenced lenders like BOK Financial, Navy Federal Credit Union, Citizens Bank, U.S. Bank, and many others to join the fintech wave.
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  • FICO scores for May mortgage borrowers remain at two-year highs

    Ellie Mae report shows borrowers are in better shape financially
    A strong labor market coupled with lower borrowing costs has put Americans in better shape to get a mortgage, based on average FICO scores and debt ratios for closed loans. The average FICO score for a closed mortgage was 728 in May, matching April’s level that was the highest reading since the end of 2016, according to data from Ellie Mae. Debt-to-income ratios, known as DTIs, matched the prior two months that were the best since mid-2017.
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  • From HW Magazine

    2019 Rising Star: ​​​​​​​Boris Kogan

    Senior Director and Associate General Counsel, Ellie Mae
    As the senior director and associate general counsel of Ellie Mae, Boris Kogan is responsible for the legal negotiation and management of Ellie Mae’s most strategic partnerships.
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  • Ellie Mae announces layoffs of 10% of its staff

    Completes restructuring after acquisition
    Ellie Mae recently completed restructuring its team after its acquisition by Thoma Bravo, a move that includes the layoff of about 10% of its staff. The company explained those let go are being offered severance packages to help with the transition.
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  • OpenClose welcomes mortgage software veteran to team

    Buenz previously served as a strategic account executive at Ellie Mae
    OpenClose, a digital mortgage fintech provider, recently announced Tom Buenz joined the company as its new vice president of enterprise sales. OpenClose CRO Vince Furey said Buenz's extensive knowledge of mortgage technology makes him an excellent fit to present the unique value proposition behind the company's digital mortgage software solutions.
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