Ellie Mae’s common stock price
The company gained 2.4% as the stock market was quiet because of Veterans Day. The Dow Jones Industrial Average gained 21 points and closed at an all-time high for the second session in a row. For the MIEC, nine members closed higher, nine closed lower and one, Astoria Financial, was unchanged.
OceanFirst Financial was down 1.49%, while Dime Community finished 1.33% down and Hudson City Bancorp ended the day down 0.87%.
In other news, Better Mortgage completed warehouse renewals and Wolters Kluwer provided a new form of access to its digital vault platform for secured parties.
A United Wholesale Mortgage executive stepped in to defend a claim against the company, as consumers pelt the industry with more spam call complaints.
Adam Boyd, a veteran financial services executive with more than 25 years of experience, will head the growth of Rate's consumer lending platform.
Washington State charged Newrez after a consumer investigation, with the notice following recent enforcement action against Luminate Home Loans.
Mike Kortas will be adding a separate mortgage servicing company and hiring NEXA loan officers to assist with the process and give them customer insights.
The latest government-sponsored enterprise changes include a more flexible sampling and a longer maximum term for some manufactured housing loans, respectively.
