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Ellie Mae CEO Talks TILA/RESPA, Compliance

Jonathan Corr discusses TILA/RESPA and future products at the MBA annual conference.

By Heather Anderson | Updated on October 30, 2015
SAN DIEGO – Ellie Mae President/CEO Jonathan Corr sat down with CU Times during the Mortgage Bankers Association Annual Conference. The leader of the Pleasanton, Calif.-based software firm discussed TILA/RESPA, compliance costs and what Ellie Mae has planned beyond Dodd-Frank.

CU Times: Is Ellie Mae TILA/RESPA compliant?

Corr: We are comprehensively compliant; but for us, it’s very broad and goes beyond a couple of little things like forms. It’s forms, calculations, work flows; fundamentally, we changed the world. In order of magnitude, it’s been the biggest thing in 40 years. I think it’s easier for consumers, no question, which is great. You’ve got one set of upfront disclosures, one set of back end disclosures. There are incentives to drive everything electronically. There is much more clarity for consumers.

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