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Ellie Mae Eyes Mod Market.(Special Report)
Pleasanton, CA-Ellie Mae, a provider of loan processing software here, is creating and updating loan modification closing packages for several top 10 lenders.
Ellie Mae said clients are currently using the service to process more than 5,000 loan modifications per week. The service creates loan modification packages with Web-based data entry that require no rekeying of data. All documents are compliant with Fannie Mae, Freddie Mac and MERS requirements, Ellie Mae said.
The service assesses the needs of the lender's workflow, accommodates lender-specific workout plans, and handles all recording, notary and compliance monitoring needs, the company said. It can accommodate either "wet" signatures or electronic signatures on loan-mod documents.
Ellie Mae said the modification service is a collaborative effort between the company's loss mitigation partners and Online Documents, a firm recently acquired by Ellie Mae from Stewart Lender Services, with whom Ellie Mae has a partnership. The acquisition of Online Documents opened the door to serving larger clients.
"They had made some good progress in the loan modification area," said Jonathan Corr, chief strategy officer at Ellie Mae.
Because of the unprecedented number of regulatory changes, mortgage servicers are seeking industry experts to help them meet growing loan-mod ...
- Ellie Mae acquires Online Documents.(Tech Newz)(Ellie Mae Inc. has acquired...
- Magazine article from: Mortgage Banking November 1, 2008 700+ words
...We're thrilled to have Online Documents join the Ellie Mae family," said Corr. "Online Documents' clients can expect a smooth...between Stewart Lender Services and Ellie Mae covers Online Documents' employees, clients relationships...
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- Press release article from: Business Wire August 23, 2001 700+ words
...Terry Ward, Online Documents' vice president...partnership with Ellie Mae. The early...partnership with Ellie Mae broadens Online Documents' potential...services for Ellie Mae. "Our users...hour access Online Documents offers and...
- Ellie Mae Buys Assets of Online Documents.
- Magazine article from: National Mortgage News October 6, 2008 700+ words
...Origination vendor Ellie Mae here has acquired the assets of Online Documents Inc. in an attempt...Services Inc. and Ellie Mae Inc. includes...other assets. "Online Documents offerings are a natural fit with Ellie Mae's existing Encompass...
- DocMagic Accuses Ellie Mae of Breaking Antitrust and IP Laws.(News)
- Magazine article from: National Mortgage News September 7, 2009 700+ words
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- Magazine article from: Mortgage Banking Schneider, Howard December 1, 2008 700+ words
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- Ellie Mae Releases Enhanced Encompass Version 1.1 with Industry's First...
- Press release article from: Business Wire March 8, 2004 700+ words
...BUSINESS WIRE)--March 8, 2004 Ellie Mae(R), Inc. today announced the release...said Sig Anderman, Chairman and CEO, Ellie Mae. "As CEO, I insist that customer service...to receive personalized attention from Ellie Mae support and training resources to quickly...
- Ellie Mae's Brand New Benchmark: One Million Transactions A Year.(Company...
- Magazine article from: Mortgage Technology June 1, 2001 700+ words
...Pleasanton, Calif.-based Internet portal Ellie Mae and still looks back at the promise of...rich opportunity lost. Now, he says, Ellie Mae is delivering on the one-stop-shopping...the MtgPro vision so promising. When Ellie Mae announced in spring 2000 that it intended...
- Ellie Mae Partners With PCi Corporation to Provide Integrated Home Mortgage...
- Press release article from: Business Wire November 3, 2003 700+ words
...simplifying HMDA management process Ellie Mae(R) Inc., the leading provider of...Mortgage Disclosure Act (HMDA), with Ellie Mae's Encompass, Genesis and Contour loan...As a result of the new partnership, Ellie Mae customers can perform HMDA management...
Source: HighBeam Research, Ellie Mae Eyes Mod Market.(Special Report)