Cloud computing

Ellie Mae reported higher profits in its second-quarter earnings. With net income of $7.6 million, its profits rose 62% from the same period in 2014.

Black Knight Financial Services swung to a profit in the second quarter, the first reporting period after it completed an initial public offering in May.

Black Knight Financial Services Inc. is benefiting from new banking regulations that push mortgage lenders to use automation software, sending the company's shares surging since its initial public offering two months ago.

To avoid alienating a consumer base increasingly expecting digital options, lenders must take the plunge and update old loan origination systems that cannot accommodate today's technology demands.

NetDirector has upgraded its software to improve the accuracy of verifications of borrowers who are members of the military.

Wells Fargo Bank is marketing $914 million of commercial mortgage bonds, according to a presale report released by Kroll Bond Rating Agency.

Black Knight Financial Services Inc., the mortgage-technology company backed by private-equity firm Thomas H. Lee Partners, gained in its trading debut after raising $441 million in an initial public offering.