Ellie Mae, Dublin, Calif., has launched a banker division in response to the introduction of Encompass Banker Edition.The new division will focus exclusively on Ellie Mae's banker and lender clients and partners. Ellie Mae's client base includes over 3,000 mortgage bankers, according to the company. Encompass Banker Edition has already been adopted by two dozen companies since its launch in late October 2006, Ellie Mae reported. Jeff Benjamin, the company's director of sales, has become vice president of the newly created division and will report to Joe Langner, Ellie Mae's chief operating officer. Mr. Benjamin will focus on business development efforts among wholesale lenders and bankers -- including the promotion of Encompass Banker Edition and Encompass Custom Edition -- as well as the company's full range of connectivity solutions for the wholesale banking community. The company can be found on the Web at http://www.elliemae.com.
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While home lenders are seeing a decrease in issues coming through mobile channels, phone fraud spiked last year, accounting for 28% of losses, a new report found.
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The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
April 24 -
The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
April 24 -
Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
April 24 -
A majority of consumers earning more than $100,000 annually said they were concerned about their own ability to purchase a home, demonstrating how affordability issues are impacting those at many socioeconomic levels, the University of Michigan study found.
April 24 -
The nonbank's results add to other indications that the first quarter's "higher for longer" rate scenario had an upside for efficient servicing operations.
April 24