Ellie Mae

By replicating human tasks, robotic process automation technology is driving scale and efficiency in loan manufacturing.

Increased access to jumbo loan products brought mortgage credit availability to its highest level since the bust.

Closing times for millennials' loans were slightly quicker than closing times in the larger market during February.

Fintech could cut the closing times on the simplest home loans by more than 50%, but the mortgage business' complexity means there are limits to how much time and money can be saved.

Reflecting the post-election interest rate rise, closed purchase loans were 57% of February's total volume, according to Ellie Mae's Origination Insight report.

Ellie Mae has introduced a new online retail loan origination platform and a new portal for the tools and documentation supporting its Application Programming Interfaces.