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Ellie Mae: SaaS Provider

September 8, 2014

Ellie Mae is a provider of enterprise level, on-demand automated solutions for the residential mortgage industry in the United States.  The firm is headquartered in Pleasanton, California. Ellie Mae offers Encompass, an end-to-end solution, delivered utilizing a Software-as-a-Service (SaaS) model that serves as the core operating system for mortgage originators.

Encompass combines loan origination, business management and customer relationship management (CRM) software for mortgage into one end-to-end system. Mortgage originators use Encompass as a single tool for loan processing, marketing, and customer communication. It is also used to interact electronically with lenders, investors and service providers over the Ellie Mae Network.

Encompass services is composed of Encompass Docs Solutions, which automatically prepares the disclosure and closing documents necessary to fund a mortgage. There is also Encompass Centerwise, a bundled offering of electronic document management and Websites used for customer relationship management. Total Quality Loan offers a suite of fraud detection, valuation, validation, and risk analysis services. There is also Encompass Compliance Service which automatically checks for compliance with federal, state and local regulations in the origination process.

Ellie Mae’s Encompass services also include tax transcript services that offer income verification capability and services for ordering and managing appraisals. Encompass CRM is a suite of tools for managing contacts, leads and marketing campaigns. It’s Encompass Product and Pricing Service allows its users to compare loans offered by various lenders and investors to determine the product and price available to a particular borrower. There is also Encompass Flood Service that enables users to order and transfer flood zone certifications.

The firm estimates that over 20 percent of all mortgage origination in the United States flow through its Encompass mortgage management software and the Ellie Mae Network.

The founder and CEO of Ellie Mae is Sig Aderman. Sig earned a BA in Education from City University of New York and a Juris Doctor from New York University. Before he founded the firm Sig had successfully founded three other firms.

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