Ellie Mae Buys Online Documents

Ellie Mae Inc., a Pleasanton, Calif.-based origination vendor, has acquired the assets of Online Documents Inc., a provider of guaranteed compliant mortgage documents, from Stewart Lender Services Inc. No sale price was disclosed. Online Documents, based in Concord, Calif., provides services to more than 500 clients nationwide, ranging from local and regional lenders to large organizations. The acquisition agreement between Stewart Lender Services and Ellie Mae includes Online Documents' employees, client relationships, technology, business operations, and other assets. Ellie Mae said it will continue to serve current customers of Online Documents, and in the coming months will add Online Documents as an additional provider on Encompass Closer, its document preparation solution integrated within the Encompass Mortgage Management Solution. In addition, mortgage professionals will continue to see Online Documents among the many document service providers offered on the Ellie Mae ePASS Network. Ellie Mae can be found on the Web at http://www.elliemae.com.