A Leader in Innovation

Ellie Mae® was founded in 1997 to leverage the power of the Internet for mortgage originators.

We started by hosting mortgage websites and over the years, our company grew through the development of the Ellie Mae Network™ for electronic mortgage transactions, the Encompass Mortgage Management Solution software and accompanying products and services such as Encompass CenterWise™ websites and electronic document management services and Encompass Closer™ document preparation services.

As Ellie Mae grew and our network, software and services evolved, so did our client base, starting with mortgage brokers and expanding to include mortgage bankers, community banks, credit unions and regional and national lenders.

In 2008, Ellie Mae acquired certain assets of Online Documents Inc., a provider of mortgage documents, including closing documents and disclosures, and in 2009, we acquired Mavent Inc., a provider of automated compliance solutions for the mortgage industry.

Also in 2009, we proudly launched Encompass360, software that we believe provides a revolutionary approach to automating and streamlining each step in the mortgage process, from origination and processing to closing, business intelligence and reporting.

In January 2011, Ellie Mae acquired substantially all the assets of Mortgage Pricing System, LLC, including the company’s LEAP loan eligibility and pricing product, and launched the integrated Encompass Product and Pricing Service™.

In April 2011, Ellie Mae announced the pricing of our initial public offering on the NYSE Amex (now NYSE MKT) under the symbol ELLI. Just over one year later, our common stock listing was transferred to the New York Stock Exchange (NYSE) under the symbol ELLI.

In August 2011, we acquired Del Mar DataTrac, Inc., a leading provider of mortgage lending solutions for processing and funding loans, creating workflow efficiencies, managing secondary marketing transactions, and reporting and business intelligence.

We estimate that up to 20% of new residential mortgages in the United States are initiated over the Ellie Mae Network using Encompass® software each year.

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Ellie Mae Milestones

Here are some of the key milestones we’ve achieved over the past 14 years:

2013


September
  • Ellie Mae named to Software Magazine’s Software 500 as one world’s largest software and system providers. Read the article »
February
  • CEO Sig Anderman rings the Feb. 4 New York Stock Exchange Opening Bell, marking our 15th year helping mortgage professionals be more efficient and compliant.
May
  • Named “Top 50 Service Provider” in SourceMedia’s Mortgage Technology Magazine

2012


June
  • Ellie Mae listing of common stock transferred from NYSE MKT (formerly NYSE Amex) to New York Stock Exchange (NYSE), under the symbol ELLI.
  • Named “Top 50 Service Provider” in SourceMedia’s Mortgage Technology Magazine

2011


January
  • Ellie Mae acquires Mortgage Pricing Systems, a provider of product and pricing solutions for the mortgage industry
  • Encompass Product and Pricing Service, an automated product and pricing engine, launches in Encompass360
April
  • Ellie Mae announces pricing of initial public offering on the NYSE Amex under the symbol ELLI
August
  • Ellie Mae acquires Del Mar DataTrac, Inc., a leading provider of mortgage lending solutions for processing and funding loans

2010


April
  • Encompass Compliance Service, an automated compliance check for potential violations of federal and state regulations, launches in Encompass360
May
  • Ellie Mae files registration statement for proposed initial public offering
July
  • Encompass360 “Success-Based Pricing” model, offering lenders an option to pay based on loans closed rather than purchasing the technology, is introduced
  • Encompass360 Summer 2010 Release launches
  • Encompass360 Select, a new program providing preferred Ellie Mae customers with targeted offers from select lenders and third-party service providers within their software, launches
August
  • Ellie Mae named a “Top 50 Service Provider” by Mortgage Technology Magazine
  • Ellie Mae expands its Customer Care organization with a new director and five specialized response teams
November
  • Encompass Assured GFE, a service enabling users to create Good Faith Estimates with real-time fees backed by a compliance guarantee, launches in Encompass360
December
  • Encompass360 Fall 2010 Release launches

2009


May
  • Ellie Mae awarded US patent number 7,472,089 entitled “Loan Origination System Interface for Online Loan Application Processing” for its Ellie Mae Network technology
July
  • Encompass360 Banker Edition software for mortgage bankers, community banks, credit unions and national and regional lenders launches
September
  • Encompass360 Broker Edition software for mortgage brokers launches and replaces Encompass Standard and Professional Editions
October
  • Ellie Mae is named a finalist for Mortgage Technology Magazine’s 2009 Release of the Year Award
December
  • Ellie Mae acquires Mavent Inc., a provider of automated compliance solutions for the mortgage industry
  • Encompass360 RESPA Update launches

2008


January
  • Encompass Banker Edition 3.0 software for mortgage bankers, community banks, credit unions and national and regional lenders launches
March
  • Encompass CenterWise™ websites and electronic document management services launches
September
  • Ellie Mae purchases certain assets of Online Documents Inc. from Stewart Lender Services
October
  • Ellie Mae awarded US patent number 7,444,302 entitled “Online System for Fulfilling Loan Applications from Loan Originators” for its Ellie Mae Network technology

2007


  • Ellie Mae Chief Strategy Officer Jonathan Corr is named a “Mortgage IT All Star” by Mortgage Banking Magazine
March
  • Ellie Mae hosts the first Encompass user conference, the Encompass Success Summit for Mortgage Professionals
June
  • Encompass 3.0 software for mortgage originators launches

2006


May
  • Ellie Mae is named One of Top 10 “Best Places to Work in Bay Area”
June
  • Encompass Professional Edition software for mortgage originators launches
October
  • Ellie Mae is awarded the “Synergy Award” for being a company at the forefront of mortgage e-commerce
December
  • Encompass Banker Edition software for mortgage bankers, community banks, credit unions and national and regional lenders launches

2005


  • CEO Sig Anderman is named to list of “Top 10 Most Influential People in the Mortgage Industry” (Inman)
May
  • Encompass Anywhere (web-based hosted software for mortgage originators) is introduced
August
  • Ellie Mae is named to list of “Top 10 Tech Companies to Watch” by Banking Tech News

2004


January
  • Encompass software for mortgage originators is introduced
October
  • Ellie Mae is named to the Inc. 500 list of “America’s Fastest Growing Private Companies”

2003


October
  • Ellie Mae is named by Tom Peters in his Re-Imagine book and PBS special (2004) as one of five companies changing how business is done in America (profiled along with Microsoft, eBay and Walmart)
November
  • Ellie Mae is named “Most Innovative Company in Mortgage Industry” (Inman)

2001


  • Ellie Mae acquires Contour, a loan origination software provider

2000

November
  • Ellie Mae Network introduced

1998

  • Ellie Mae starts offering point-of-sale websites to mortgage originators

1997

August
  • Ellie Mae is incorporated
 

What Our Clients Say

"Sometimes problems take five or six days to fix in post-closing, when you could have fixed it in five minutes up front if you knew about it. Encompass gives us the visibility we need to identify problems early, so in the end, there’s really nothing to do but close the loan."
AJ Franchi
Chief Information Officer,
Gold Star Mortgage Financial Group

In the News

October 20, 2014
Ellie Mae Achieves Major Milestone with 100,000 Active Encompass Users READ MORE »
October 13, 2014
Ellie Mae Named to HousingWire HW FAST50™ READ MORE »