Ellie Mae Powerhouse Behind Residential Mortgage Industry

Ellie Mae is the leading cloud-based platform provider for the mortgage finance industry. The company's technology solutions enable lenders to originate more loans, reduce origination costs, and shorten the time to close, all while ensuring the highest levels of compliance, quality, and efficiency.

"We're small but mighty," says Erica Harvill, Vice President of Communications and Branding for the publicly traded company. "Just 1,500 employees across the United States are responsible for driving the technology that powers more than 35% of all residential mortgages."

Ellie Mae offers the path to a truly digital mortgage by leveraging its expertise to automate everything automatable for the residential mortgage industry. The company's Encompass Digital Mortgage Solution helps lenders of all sizes lower the cost of origination, fund more loans, close more loans, and make better decisions using data.

Encompass provides complete automation for the entire loan lifecycle from interest to application all the way through loan origination, processing and underwriting, eClosing, and investor delivery. Client Alcova Mortgage doubled its loan volume without increasing its staff thanks to using Ellie Mae Encompass, according to Harvill.

"With loan origination costs nearing $8,000 per loan, lenders are looking for ways to gain efficiency and lower costs," she notes. "On average, lenders save an average of $967 per loan with Encompass and realize operational efficiencies almost immediately."

The Ellie Mae platform connects a community of partners and developers who can innovate, extend, integrate, and build new capabilities in the cloud. Its technology is delivered by passionate employees focused on customer success and innovation, so lenders can unlock new doors and deliver the American Dream of homeownership.

In 1997, Sig Anderman started Ellie Mae with Limin Hu. Both are still active in the company, which has been named a Best Place to Work by Glassdoor and by San Francisco Business Times.

Just over 900 employees work at Ellie Mae's headquarters at Hacienda. The company has been in Hacienda for more than a decade. It also has eight satellite offices across the United States.

In 2018 company will sponsor the Ellie Mae Classic golf tournament for the third year. The Ellie Mae Classic will be held August 6 to 12 at TPC Stonebrae in Hayward. The tournament brings together 156 top golfers. All proceeds go back to the local community, with the Warriors Community Foundation as the main beneficiary. Ellie Mae also supports Habitat for Humanity, Special Olympics, and the Contra Costa County Community Food Bank through its Ellie Mae Cares volunteer program.

"We believe in putting our customer at the heart of everything we do," says Harvill. "We believe in giving back to the communities to make them better places. We believe in innovating every day to stay ahead of the industry changes. And we believe in having fun! Many people at our company say that we have a long history in technology but we still very much also behave like a startup. It helps our employees feel like they are making a difference from day one."

For more information about Ellie Mae, please visit www.elliemae.com. For more information about the Ellie Mae Classic golf tournament, please visit www.elliemaeclassic.com.

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