Established in 1997, their flagship system is Encompass, this software serves as the core operating system for mortgage originators. An end-to-end solution, Encompass uses the SaaS model to help manage their clients’ business, loan originator and customer relationship management. Approximately 20 percent of the mortgage originations in the United States flow through the software of the company including their Ellie Mae Network. The latter is an integrated network that is most helpful to mortgage professionals. They utilize the system to transact electronic business with settlement service providers and mortgage lenders to process and fund loans. In addition, Ellie Mae also offers other services including other Mavent compliance services. Their two main products are either provided to their partners as a full SaaS solution or as licensed software.
Since its inception, Ellie Mae has made a name in the industry and has garnered several awards for their exemplary service. In 2009, the company was a finalist in the Release of the Year Award by Mortgage Technology Magazine. During the 2009 Eloqua Marketing Awards, the company was the recipient of the Best Customer Lifecycle Award. They were also honored with the Most Innovative Company award at the 2003 Inman Innovator Awards. Ellie Mae has also been listed as one of the Fastest Growing Private Companies by various awards giving bodies.
Ellie Mae is a publicly traded company on the New York Stock Exchange using the ticker symbol ELLI. It has an annualized revenue of more than $128.48 million.