In April 2011, Ellie Mae’s IPO launched at $6 per share. Yesterday, the stock closed at nearly $100 per share. Now, the good times are over, as Ellie Mae is now being removed from the NYSE.
As the higher value market looks to take advantage of low rates, the credit supply for government loans decreased in March, as investors continue to reduce FHA and VA streamline refi offerings.
As the housing market shifts further in favor of homebuyers, Ellie Mae’s latest Millennial Tracker Survey reveals purchase requests from Millennials increased to 87% in February. Executive Vice President of Strategy and Technology Joe Tyrrell said the percentage of purchase loans is on the rise as Millennials continue to enter the homebuying market.
Ellie Mae’s Encompass Digital Lending Platform enables lenders to deliver a true digital experience across the entire workflow for every channel supported so lenders can maximize the profit of every loan transaction and at the same time deliver a more efficient, more seamless experience for homebuyers.
This week's Mortgage Tech Rundown focuses on the latest product and software developments, integrations and more from companies like First Guaranty Mortgage, Global DMS, Qualia and more.
Although digital mortgages are taking the housing industry by storm, Ellie Mae’s 2019 Borrower Insights Survey suggests borrowers still crave human interaction throughout the loan origination process. Ellie Mae EVP of Technology and Corporate Strategy Joe Tyrrell said as more Millennials enter the housing market, it will be imperative for lenders to prioritize the use of all available tech to foster strong borrower relationships during the loan lifecycle.
This week’s Mortgage Tech Rundown takes a look at the latest integration moves in the mortgage and real estate technology space. This week, moves were made by Tavant Technologies, CoreLogic, Floify and more.
In January, slightly lower interest rates led to Millennial homebuyers increasing their requests to refinance their mortgages. Ellie Mae Executive Vice President of Strategy and Technology Joe Tyrrell said the uptick in refinances may indicate Millennials who previously purchased a home and are looking for an opportunity to take advantage of lower monthly interest payments.
This week’s Mortgage Tech Rundown takes a look at the latest integration moves in the mortgage and real estate technology space. This week, moves were made by Black Knight, eOriginal, Reggora and more.
Hot: Millennial homeownership continues to drive an increase in the overall homeownership rate. Not: A new report from Moody's suggests that the loan quality could be deteriorating.