The following is an excerpt from the June edition of Mortgage Technology magazine. To read the full story and much more,
Shares of stock in Ellie Mae began trading on the New York Stock Exchange on April 15, two weeks short of the one-year mark from when the company, based in the San Francisco suburb of Pleasanton, Calif., first declared its intentions to go public.
For the past year, Ellie Mae and its executives have been relatively silent, limiting public interactions and most media interviews during the so-called quiet period that companies must comply with during the initial public offering process.
In his first media interview since the quiet period ended in May, Sigmund Anderman, Ellie Mae’s only ever CEO, met with Mortgage Technology at the company’s headquarters to discuss a number of topics, including:
— The strategy behind going public and Ellie’s IPO
— Why Anderman calls the mortgage broker space “decimated”
— How Ellie Mae will realize its aggressive growth projections in a down market
— What it will take to resolve its ongoing dispute with DocMagic
— Managing Wall Street expectations
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