Overview
Ellie Mae, Inc. is a leading provider of on-demand automation solutions for the residential mortgage industry. The Company was founded in 1997 with the vision of automating the loan origination process. Now, 16 years later, our Encompass360® end-to-end solution, delivered using a software-as-a service (SaaS) model, serves as the core operating system for tens of thousands of mortgage originators across the United States. This enterprise-level software helps lenders automate and streamline the entire business of originating and funding mortgages, spanning customer relationship management, loan origination, and business oversight.
Our solutions help our users comply with the increasingly burdensome regulatory and investor demands, systematize processes that assure compliance, reduce documentation errors, and at the same time increase efficiency. One integral part of our solution is the Ellie Mae Network™, a proprietary and patented business-to-business network that enables Encompass® users to conduct business transactions electronically with the lenders and settlement service providers they work with to process and fund loans. Launched in 2012, our Total Quality Loan (TQL) Program allows our lender customers to originate higher quality loans more efficiently, and provides the investors to whom they sell those loans greater assurance of both loan quality and compliance with their own lending requirements.
