Ellie Mae names a new CEO

by MPA05 Jan 2015
Ellie Mae announced today that it has appointed Jonathan Corr as chief executive officer, effective Feb. 1. Corr, a 12-year veteran of the maker of software for the residential mortgage industry, currently serves as president and chief operating officer of the company. Sig Anderman, Ellie Mae’s CEO since founding the company in 1997, will continue to serve on its board of directors as executive chairman.

“As president and COO, Jonathan has proven to be an outstanding leader and has been instrumental in the growth of the company,” said Anderman. “I am pleased to pass the baton to Jonathan and am confident in his ability to advance our leadership position in the mortgage technology industry.”

“Sig had a vision when he founded the company 17 years ago that Ellie Mae would fundamentally change the mortgage industry by automating everything possible in the origination process,” said Craig Davis, lead independent director of Ellie Mae’s board of directors. “Under Sig’s leadership, the company has executed toward that vision, driving exponential market share growth, highlighted by its initial public offering in 2011 and reaching a $1 billion market cap last year."

Commenting on his appointment, Corr said, “I have witnessed the transformation of our company from a start-up to an industry leader. I’m excited to assume this role and look forward to working with the Ellie Mae team to continue to execute our growth strategy. In my tenure with the company, I’ve gained a deep appreciation of the growth opportunities Ellie Mae has in the mortgage industry and for the breadth of talent and expertise we have to capture those opportunities."

Corr joined Ellie Mae in 2002. He was named COO in 2011 and president in 2013. Earlier, he led the company’s product management efforts and was chief strategy officer. Corr has a bachelor's degree in engineering from Columbia University and a master’s degree in business administration from Stanford University.
 

COMMENTS

  • by jim cramer | 1/5/2015 4:44:40 PM

    Here come the short sellers.

Poll

Is TILA-RESPA a good or bad thing long term?