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Automation & Technology
Even More Big News: Ellie Mae Acquires Capsilon
Ellie Mae has signed a definitive agreement to acquire Capsilon, the leading provider of AI-powered mortgage automation software for mortgage lenders, investors, and servicers. By combining Ellie Mae’s Encompass Digital Lending Platform with Capsilon’s AI-powered solutions, we are creating the most comprehensive end-to-end SaaS solution for companies in the mortgage industry.
Capsilon’s best-of-breed platform, Capsilon IQ, is used by companies across the mortgage industry, including six of the top 10 originators and servicers, to automate manual work and power their businesses with trusted data. The acquisition increases the productivity of mortgage lenders, investors, and servicers by automating critical business processes to create massive efficiencies throughout the mortgage lifecycle.
Additionally, the company recently introduced Capsilon Instant Underwriter, the mortgage industry’s first autonomous underwriting engine that leverages artificial intelligence, data extraction, and process automation to complete underwriting tasks in seconds, with greater consistency, accuracy, and less risk.
To learn more about the acquisition, click here.