Ellie Mae

The latest version of Ellie Mae's Encompass loan origination system includes new features for Home Mortgage Disclosure Act compliance and digital mortgages.

Where do millennials go when they want the advantages of a big-city economy, job market and lifestyle but they can't afford the higher cost-of-living? Some are choosing Owensboro, Ky.

In housing markets dominated by young borrowers, millennials took an even bigger share of overall mortgage activity in August.

Despite an uptick in interest rates, refinance loans held steady in August and closing rates reached a new 2017 high.

Many lenders are focusing too much time on user experience and overlooking the frustratingly inefficient mortgage process happening behind their pretty loan applications.

The average number of days to close a home loan for a millennial varied significantly by state in July as buyers continued competing for tight inventory, according to Ellie Mae.

Ellie Mae, looking to expand the analytical capabilities of its customer-relationship management technology, is purchasing Velocify for $128 million in cash.

The share of refinance loans in the market bounced back slightly in July, according to Ellie Mae's latest monthly report.

FHA loans made to millennial home buyers have been steadily decreasing the past four months, indicating they may be able to afford more at the moment.

After launching construction lending support via Encompass in February, Ellie Mae sees shrinking construction loan closing times and increased volume.

Fiserv has acquired the assets of PCLender, a mortgage loan origination system vendor based in Reno, Nev.

Ellie Mae had second-quarter net income of $18.8 million, a 77% increase over the $10.6 million in the same period last year largely due to a tax accounting change.

Binh Dang, the co-founder and former president of LendingQB, is seeking a court to force MeridianLink, the loan origination system's parent company, to dissolve.

The share of closed purchase loans remained flat in June, affected by the lack of homes for sale, according to Ellie Mae's Origination Insight report.

The latest readings on mortgage credit availability show slight improvement month-to-month, reversing course after two consecutive declines in April and May.

The purchase mortgage share increased 15 percentage points in the first five months of 2017 to 68% of all closed loans in May, according to Ellie Mae.

Mortgage credit availability declined in May as lenders reduced the number of government-guaranteed products they market by nearly 2%.

Homeowners insurance agencies are embedding their policy-underwriting technology into mortgage companies' origination and servicing systems in a bid to chase the same customers together.

The time needed to close a mortgage improved nine days since the start of the year as the market has shifted to doing more purchase loans.

Mortgage credit availability declined in April as lenders cut back on the number of conforming products they offered.