Company rolls out new software providing TILA-RESPA support, plans to work more closely with Fannie.
Ellie Mae reports purchases accounted for more than 60% of all mortgage loans for the first time since October.
Firms says loans are also taking longer to close than they did last year.
Ellie Mae reports slightly more than half of mortgage lender’s volume went to refinanced loans in January.
The loan origination system, the engine behind neary every mortgage operation, may no longer be good enough.
The mortgage technology firm Ellie Mae has launched a mortgage origination product designed to help mortgage-originating CUs both manage their compliance burden and produce mortgages that can more easily move to the secondary market.
The sheer speed with which the iPad has become a household name has been remarkable, analysts and industry observers said, and that success has