Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Ellie Mae Inc    ELLI

ELLIE MAE INC

(ELLI)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Ellie Mae : Announces New Major Release of Encompass Digital Lending Platform; Release highlights include expanded HELOC origination support, ADA capabilities within Consumer Connect and enhancements for Correspondent and Wholesale Lending enhancements

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/12/2019 | 04:26am EST

PLEASANTON, Calif. -- Ellie Mae®® (NYSE:ELLI), the leading cloud-based platform provider for the mortgage finance industry, announced today that it has launched a new major release of Ellie Mae's Encompass Digital Lending Platform(TM). The latest release will help lenders of all sizes originate more loans, lower origination costs and shorten the time to close with compliance, efficiency and quality. Key highlights include expanded HELOC origination support, the addition of Americans with Disability Act (ADA) capabilities within Consumer Connect(TM) and Correspondent and Wholesale Lending enhancements.

"Ellie Mae is offering a true digital mortgage solution to help our customers succeed in today's competitive marketplace," said Jonathan Corr, president and CEO of Ellie Mae. "With this new release we're offering multi-channel opportunities for growth with innovation to help lenders engage with more homebuyers, capitalize on the growing HELOC demand and boost loan acquisition productivity and efficiencies for correspondent and wholesale channels.

Key highlights for the Encompass Digital Lending Platform 19.1 release include:

Expanded HELOC origination support: To streamline the HELOC loan qualification process for consumers, Ellie Mae has added a new HELOC calculator to Encompass designed to enable Loan Officers to identify the maximum draw amount and credit limit. In addition, to help lenders sell HELOC loans on the secondary market faster, Ellie Mae has added the ability to view all HELOC details within a lock request transaction and a Lock Request Form that seamlessly integrates with the Encompass Product & Pricing Service(TM) HELOC programs.

Consumer Connect ADA enhancements: To make Consumer Connect sites, the Borrower Portal and loan application accessible to everyone, Ellie Mae is introducing out of the box ADA accessible website templates, borrower portal and loan application. These new templates conform to the usability standards set forth by the Web Content Accessibility Guidelines (WCAG) 2.0 Level A and AA. WACG 2.0 is an industry-standard set of guidelines for creating web content that is accessible to a wide range of people with disabilities.

In addition, new borrower widgets offer the ability to add a Consumer Connect loan application and/or borrower portal into a lender's existing online presence to streamline and integrate the experience for consumers.

Correspondent and Wholesale Lending Enhancements: The 19.1 Encompass Digital Lending Platform release also includes significant enhancements to TPO Connect(TM), Ellie Mae's broker and correspondent seller portal solutions. These include automated document upload notifications, multi-channel workflow enhancements and support for additional third party credit provider integrations to help correspondent investors and wholesale lenders collaborate more effectively with brokers and sellers. It also includes enhanced trade management purchase advice workflows to help correspondent investors acquire loans faster.

For more information about the Encompass Digital Lending Platform, visit: http://www.elliemae.com/encompass/encompass-overview About Ellie Mae

Ellie Mae (NYSE:ELLI) is the leading cloud-based platform provider for the mortgage finance industry. Ellie Mae'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. Visit EllieMae.com or call 877.355.4362 to learn more. Forward-Looking Statements

This press release contains forward-looking statements under the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding the benefits to Ellie Mae's customers of the Encompass Digital Lending Platform 19.1 software release. These statements involve known and unknown risks, uncertainties, and other factors which may cause actual results to be materially different than those expressed or implied in such statements. The forward-looking statements included in this press release are made only as of the date hereof. Ellie Mae cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Ellie Mae expressly disclaims any intent or obligation to update any forward-looking statements to reflect subsequent events or circumstances, unless otherwise required by law. PRESS CONTACT

Erica Harvill

Ellie Mae, Inc.

(925) 227-5913

Erica.harvill@elliemae.com

Caitlin Coffee

Allison+Partners

(312) 635-8204

EllieMae@allisonpr.com

# # #

© 2019 Ellie Mae, Inc. Ellie Mae®, Encompass®, AllRegs®, Mavent®, Velocify®, the Ellie Mae logo and other trademarks or service marks of Ellie Mae, Inc. appearing herein are the property of Ellie Mae, Inc. or its subsidiaries. All rights reserved. Other company and product names may be trademarks or copyrights of their respective owners.

.

(C) 2019 M2 COMMUNICATIONS, source M2 PressWIRE

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ELLIE MAE INC
09:03aELLIE MAE : Announces Integrated Partner Program Early Adopters
BU
02/20ELLIE MAE : January Origination Insight Report from Ellie Mae Shows Refinances R..
BU
02/15ELLIE MAE INVESTOR ALERT BY THE FORM : Kahn Swick & Foti, LLC Investigates Adequ..
PR
02/15WeissLaw LLP Investigates Ellie Mae, Inc.
PR
02/14ELLIE MAE : 4Q Earnings Snapshot
AQ
02/14ELLIE MAE INC : Results of Operations and Financial Condition (form 8-K)
AQ
02/14ELLIE MAE : Reports Fourth Quarter and Full Year 2018 Results
BU
02/13ELLIE MAE : REPORTS FOURTH QUARTER AND FULL YEAR 2018 RESULTS | Ellie Mae
AQ
02/13NEWS HIGHLIGHTS : Top Financial Services News of the Day
DJ
02/12NEWS HIGHLIGHTS : Top Company News of the Day
DJ
More news
Financials ($)
Sales 2019 507 M
EBIT 2019 84,2 M
Net income 2019 25,6 M
Finance 2019 297 M
Yield 2019 -
P/E ratio 2019 132,94
P/E ratio 2020 101,48
EV / Sales 2019 6,23x
EV / Sales 2020 5,58x
Capitalization 3 457 M
Chart ELLIE MAE INC
Duration : Period :
Ellie Mae Inc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ELLIE MAE INC
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 13
Average target price 98,2 $
Spread / Average Target -1,0%
EPS Revisions
Managers
NameTitle
Jonathan H. Corr President, Chief Executive Officer & Director
Sigmund Anderman Executive Chairman
Daniel E. Madden Chief Financial Officer & Executive Vice President
Limin Hu Chief Technology Officer-Emeritus
Shamyo Chatterjee Vice President-Information Technology
Sector and Competitors
1st jan.Capitalization (M$)
ELLIE MAE INC57.93%3 457
ORACLE CORPORATION15.22%185 798
SAP8.65%131 471
INTUIT19.87%61 236
SERVICENOW INC31.92%41 149
CONSTELLATION SOFTWARE INC.29.57%18 635