Pleasanton, Calif.-based Ellie Mae said it has signed a definitive agreement to acquire Mortgage Returns for an undisclosed amount and plans to close on the purchase in the fourth quarter this year.
PLEASANTON, Calif. – October 14, 2015 – Ellie Mae (NYSE:ELLI), a leading provider of innovative on-demand software solutions and services for the residential mortgage industry, announced today that it has signed a definitive agreement to acquire Mortgage Returns, a leader in on-demand customer relationship management (crm), and marketing automation solutions for the mortgage industry.
Statements regarding the following subjects, among others, may be forward-looking: the return on equity; the yield on investments; the ability to borrow to finance assets; the Company’s ability to.
Ellie Mae’s Encompass(r) all-in-one mortgage management solution provides one system of record that allows banks, credit unions and mortgage lenders to originate and fund mortgages and improve.
PLEASANTON, Calif.–(BUSINESS WIRE)–Ellie Mae® (NYSE:ELLI), a leading provider of innovative on-demand software solutions and services for the residential mortgage industry, announced today that it.
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Ellie Mae is acquiring Mortgage Returns, the software and services provider for the residential mortgage industry recently announced. Mortgage Returns, which is based in St. Louis, Minn., is a leader in on-demand customer relationship management (CRM) and marketing automation solutions for the mortgage industry. The company provides a database-driven automated marketing solution to help.
Ellie Mae, Inc. is a software company that processes 35% of U.S. mortgage applications. The services are based on a software as a service model (SaaS)  that streamlines and automates the process of originating and funding new mortgage loans and facilitating regulatory compliance .
Pleasanton, California-based Ellie Mae announced on Oct. 14 it has signed a definitive agreement to acquire Mortgage Returns, a St. Louis-based customer relationship management (CRM) and automated marketing solutions provider for the mortgage industry.
"We’re thrilled to join Ellie Mae at such an exciting time and to come together to provide a CRM solution for mortgage lenders," said Jim Blatt, president and co-founder of Mortgage Returns.
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The great MSR sell-off continues Excess MSRs. An MSR is made up of two components: a basic fee and an Excess MSR. The basic fee is the amount of compensation for the performance of servicing duties, and the Excess MSR is the amount that exceeds the basic fee. As the owner of an Excess MSR, we collect monthly cash flows from the MSR, but do not assume any servicing duties,