- Ellie Mae Encompass Status
- Ellie Mae Encompass Field Id List
- Ellie Mae Encompass Training
- Ellie Mae Encompass
- Ellie Mae Encompass Support
Encompass 15.2 Offers Overnight Rate Protection and Integrated AllRegs Investor Guidelines
Ellie Mae Encompass Status
December 14, 2015 –PLEASANTON, Calif. – Ellie Mae® (NYSE: ELLI), a leading provider of innovative on-demand software solutions and services for the residential mortgage industry, today announced the 15.2 release of Ellie Mae’s Encompass all-in-one mortgage management solution. Encompass 15.2 offers compliance updates, overnight rate protection for secondary marketing, and integrated AllRegs Investor guidelines for easy access to vital information.
The 15.2 release of Encompass includes:
Compliance Updates: Starting with the first quarter 2016 filings, lenders required to file quarterly Mortgage Call Reports through the Nationwide Multistate Licensing System & Registry (NMLS) are required to report loan applications and pre-approval requests based on a revised definition of “application” in addition to reporting changes in application amounts. Ellie Mae’s updated Mortgage Call Report offers fields to track loan information including the date of “application” in addition to both initial and final loan amounts. Additional enhancements include updates to TILA (Regulation Z) Annual Threshold Adjustments for HOEPA and ATR/QM, the ability to set defaults for Home Counseling Provider searches, and additional fields to support HOEPA compliance reviews on HELOCs.
Overnight Rate Protection for Secondary Marketers: Allows the submission of Lock Requests when the Lock Desk is closed, and gives lenders the ability to manage their exposure to market risk for each channel while providing their customers additional flexibility to lock in rates.
Ellie Mae’s Encompass all-in-one mortgage management solution provides one system of record that enables banks, credit unions and mortgage lenders to. An Ellie Mae Premier Consulting Partner, MortgageTech has helped hundreds of mortgage bankers get the best and the most from Ellie Mae’s loan origination system. Our exceptional relationship with. Ellie Mae Inc., originally named Electronic Mortgage Affiliates, is a software company that processes 35% of U.S. Mortgage applications. The services are based on a software as a service model (SaaS) that streamlines and automates the process of originating and funding new mortgage loans.
- Credit Plus, a provider of intelligent insight for mortgage professionals, announced today its credit reports are available through Ellie Mae’s point-of-sale solution, Encompass Consumer Connect.
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Integrated AllRegs Investor Guidelines:Announced in November, AllRegs’ Market Clarity® content is now accessible via investor guideline links within the Encompass Product and Pricing Service™ and Encompass TPO WebCenter. This includes product summaries with key eligibility requirements, the industry leading AllRegs guideline library, and investor bulletins. AllRegs’ Market Clarity is a business information tool for the mortgage banking industry that helps lenders and investors manage risk, identify market opportunities and maintain a competitive edge.
Image Manager for Encompass Docs Solution™: Provides lenders with the flexibility to easily brand the Loan Estimate and Closing Disclosures with a company name and logo.
“Ellie Mae’s new release of Encompass is designed to help our customers expand and manage new channels more effectively, while ensuring compliance with evolving regulations,” said Jonathan Corr, president and CEO of Ellie Mae. “These enhancements to Encompass, combined with our recently announced AllRegs investor guideline integration, increase productivity and efficiency for lenders of all sizes.”
For more information about Encompass 15.2 visit http://www.elliemae.com/encompass/encompass-overview
About Ellie Mae:
Ellie Mae (NYSE:ELLI) is a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. Mortgage lenders of all sizes use Ellie Mae’s Encompass® all-in-one mortgage management solution, Mavent Compliance Service and AllRegs research, reference and education resources to improve compliance, loan quality and efficiency across the entire mortgage lifecycle. Visit EllieMae.com or call 877.355.4362 to learn more.
Type | Private |
---|---|
Industry | Technology – Application Software |
Founded | 1997; 24 years ago |
Headquarters | Pleasanton, California, U.S. |
Joe Tyrrell (President) | |
Services | Automated solutions for the residential mortgage industry |
Revenue | US$417.04 million (2017) |
US$42.14 million (2017) | |
US$52.85 million (2017) | |
Total assets | US$831.61 million (2017) |
Total equity | US$735.34 million (2017) |
Owner | Intercontinental Exchange |
Number of employees | approx. 1,750 (2020) |
Website | ICEMortgageTechnology.com |
Ellie Mae Inc., originally named Electronic Mortgage Affiliates,[1] is a software company that processes 35% of U.S. mortgage applications.[2] The services are based on a software as a service model (SaaS)[3] that streamlines and automates the process of originating and funding new mortgage loans and facilitating regulatory compliance. The company was founded in 1997 by Limin Hu and Sigmund Anderman, and is headquartered in Pleasanton, California.[4]
In September 2020, financial services company Intercontinental Exchange acquired Ellie Mae for approximately $11 billion.[5]
History[]
Ellie Mae was founded in 1997 by Limin Hu and Sigmund Anderman.[4]
In 2009, Ellie Mae was accused by DocMagic, a competitor, of violating antitrust and intellectual property laws around actions taken when the vendor agreement between the two companies expired. The two companies settled the lawsuit after three years of litigation.[6]
In September 2003, Ellie Mae introduced the updated mortgage-management system Encompass360 to help underwriters comply with the latest federal mortgage rules in beginning in 2014. This system features debt-to-income calculators, discount assessment, and tools for evaluating a given loan's quality.[7]
In January 2014, Ellie Mae finally completed the acquisition of MortgageCEO (focusing on CRM).[8] Also in January 2014, Ellie Mae completed the acquisition of ARG Interactive, LLC.[9] Ellie Mae made its initial public offering in 2011, valued at approximately $122 million.[10] In 2008 Ellie Mae acquired the assets of Online Document Systems Inc. from Stewart Lender Services Inc. Since 2008 it has acquired Mavent Inc. (2009), Del Mar DataTrac (2011),[11] Mortgage Pricing Systems (2011), MortgageCEO (2014),[12] AllRegs, an Eagan, Minnesota-based information provider for the mortgage industry (2014),[13][14] ARG Interactive (2014),[15] MortgageReturns (2015), Velocify (2017), Docvelocity (2019) and Capsilon (2019)[16]
In April 2019, Ellie Mae was acquired by Thoma Bravo, LLC, a private equity investment firm, in an all-cash transaction that valued Ellie Mae at an aggregate equity value of approximately $3.7 billion. The acquisition was announced on February 12, 2019 and closed on April 17, 2019.
Ellie Mae Encompass Field Id List
In August 2020, Intercontinental Exchange announced that it had entered into a definitive agreement to acquire Ellie Mae for approximately $11 billion.[17] The transaction completed successfully in September 2020 after regulatory approval.[18]
Products and services[]
Ellie Mae Encompass Training
The company's Ellie Mae Network connects mortgage lenders, investors, and service providers. Its Encompass product combines loan origination, business management, and customer relationship management. Encompass components include the following:
Ellie Mae Encompass
- the Ellie Mae TQL Services tool (used within Encompass for fraud detection, valuation, and risk analysis)
- Encompass CenterWise (a bundled offering of Encompass WebCenter and Encompass Enterprise Document Management (EDM))
- Encompass WebCenter (providing professional websites)
- Encompass TPO WebCenter (web-based extension of Encompass for third-party originators)
- Encompass Docs Solution
- Encompass Compliance Service
- Encompass Product and Pricing Service
- Encompass 4506-T Service (tax transcript services).[19]
References[]
Ellie Mae Encompass Support
- ^Pender, Kathleen (June 20, 2015). 'Ellie Mae thrives on mortgage regulation'. San Francisco Chronicle. Retrieved August 12, 2020.
The company ... was founded as Electronic Mortgage Affiliates, but changed its name to Ellie Mae at a time when Fannie Mae was one of the nation's most admired companies.
- ^Howley, Kathleen (October 30, 2014). 'Ellie Mae Soars 44% as Home Lenders Embrace E-Signatures'. Bloomberg.com. Retrieved May 22, 2015.
- ^'Business Summary'.
- ^ abStaff. 'Ellie Mae'. Forbes.com. Retrieved May 22, 2015.
- ^'With $11B Ellie Mae deal finalized, ICE prepares to unleash a 'fully digital mortgage ecosystem''. HousingWire.com. Sep 4, 2020.
- ^Kilgore, Austin (October 10, 2012). 'DocMagic, Ellie Mae Settle Lawsuit'. Retrieved May 22, 2015.
- ^'Ellie Mae to Update Mortgage Platform for New Mortgage Rules'.
- ^'Ellie Mae finalizes MortgageCEO acquisition'.
- ^'Company Description'.
- ^Kilgore, Austin (April 15, 2011). 'Ellie Starts Trading on NYSE'. American Banker. Retrieved October 2, 2020.
- ^'Ellie Mae acquires Del Mar DataTrac'. Business Wire. August 15, 2011. Retrieved July 13, 2020.
- ^'Ellie Mae Completes MortgageCEO Acquisition'. Business Wire. January 15, 2014. Retrieved April 30, 2020.
- ^'Ellie Mae Set to Acquire AllRegs'. August 7, 2014.
- ^'Eagan-Based Mortgage Info Provider Sold for $30M'.
- ^'Ellie Mae Completes Acquisition of MortgageCEO'. Benzinga. January 15, 2014. Retrieved July 13, 2020.
- ^'Ellie Mae to Acquire Capsilon to Deliver End-to-End Mortgage Automation'. Business Wire. October 28, 2019. Retrieved April 30, 2020.
- ^'NYSE-owner ICE to buy Ellie Mae in $11 billion deal'. Nasdaq.com. August 6, 2020.
- ^'With $11B Ellie Mae deal finalized, ICE prepares to unleash a 'fully digital mortgage ecosystem''. HousingWire.com. Sep 4, 2020.
- ^'Company Full Description'. Archived from the original on 2012-02-19.
External links[]
- Historical business data for Ellie Mae, Inc.: