Rob Katz, Ellie Mae's executive vice president of product strategy, resigned last week, for personal reasons.
Katz became EVP in August, following the company's
Speaking exclusively to Mortgage Technology, Ellie Mae CEO Sig Anderman said Jonas Moe, a longtime product strategy and management employee with more than 10 years' tenure at Ellie Mae, will take over Katz's responsibilities. Both Anderman and Katz said the departure was on good terms.
“'Personal reasons' always sounds like he had a fight with me. It's kind of a code name,” Anderman said, adding that wasn't the case with Katz. Katz echoed the sentiment.
Since the DataTrac acquisition, Ellie Mae has put considerable effort into retaining the some 200 lender clients who use the DataTrac LOS, as well as working to convert those lenders to Ellie Mae's point of sale applications,
Katz was seen as a key figure during the ongoing transition. “Are the DataTrac clients at risk because they're going to feel less comfortable with the Ellie Mae organization because I'm not there? Yeah, there's got to be a handful of them that are more concerned now that I'm not there,” Katz said. Anderman downplayed any fallout from the resignation.
Michael Moorhouse, the national production manager at Summit Mortgage Corp., is a longtime DataTrac user who said he remains confident in the DataTrac team's ability to support his company's LOS needs after the Ellie Mae acquisition.
“The management team and the support staff have been there a long time and when Rob came in and took over as president, they already had an extremely good staff and he built it out as a top tier organization,” Moorhouse said. “I'm really going to miss talking to Rob on a business basis, but I have a lot of confidence in the existing group to support us.”
