What does Ellie Mae do?
Ellie Mae Inc., originally named Electronic Mortgage Affiliates, is a software company that processes 35% of U.S. mortgage applications. The services are based on a software as a service model (SaaS) and specializes in originating and funding new mortgage loans and facilitating regulatory compliance.
Is Ellie Mae legitimate?
Ellie Mae is a mortgage industry pioneer dedicated to facilitating communications between mortgage brokers, their partners, and their clients, all in a secure and compliant environment. Ellie Mae creates the tools needed to conduct business and truly automate the loan process from origination through closing.
Is Ellie Mae part of Fannie Mae?
Ellie Mae and the GSEs (Fannie Mae and Freddie Mac) have strategic partnerships and have remained in constant communication on many industry topics including the new Uniform Residential Mortgage Application (URLA).
Is Ellie Mae an FHA loan?
Ellie Mae: FHA-backed loans increase as more Millennials start buying homes.