PLEASANTON, Calif. – March 6, 2014 – Ellie Mae® (NYSE: ELLI), a leading provider of enterprise level, on-demand automated solutions for the residential mortgage industry, today announced that it has been recognized as one of HousingWire’s 2014 HW TECH100™. In addition, Ellie Mae’s Encompass® mortgage management solution was also selected as the winner for the Market Influence category.
More than 400 applications were up for consideration for the inaugural year of the HW TECH100, a list of the 100 most innovative technology companies in the following industry sectors: residential mortgage lending, residential mortgage servicing, residential mortgage investments and/or residential real estate.
HousingWire’s editors also selected six winning firms representing each of the different dimensions of innovation that serve as the foundation for the competition: Unique Solution, Elegant Implementation, Market Influence, Growth, Market Potential and Something Else Entirely. Ellie Mae’s Encompass platform was selected for the Market Influence category. According to HousingWire, Ellie Mae was chosen because “Ellie Mae’s drive for an automated, compliant origination process couldn’t be more timely, and their position as a market leader is likely to influence the industry for years to come.”
“We’re honored to be included on the HW TECH100 and win the Market Influence category,” said Sig Anderman, Ellie Mae’s founder and chief executive officer. “It speaks not only to our large customer base of 92,000 active users, and the high volume of loans that are originated using our platform, but also our commitment to providing advanced technology to the mortgage industry and investing in acquisitions, R&D and infrastructure to help our clients achieve compliance, loan quality and efficiency.”
Ellie Mae, Inc. (NYSE: ELLI) is a leading provider of on-demand automation solutions for the mortgage industry. The Company offers an end-to-end solution, delivered using a Software-as-a-Service model that serves as the core operating system for mortgage originators and spans customer relationship management, loan origination and business management. The Company also hosts the Ellie Mae Network™ that allows Encompass® users to electronically conduct business transactions with the lenders and settlement service providers they work with to process and fund loans. The Company’s offerings include the Encompass and DataTrac® mortgage management software systems.
Ellie Mae was founded in 1997 and is based in Pleasanton, California. To learn more about Ellie Mae, visit www.EllieMae.com or call 877.355.4362.