Mortgage software firm among fastest-growing US tech firms

by Steve Randall14 Nov 2017
The technology Fast 500 report ranks firms in the tech, media, telecoms, life sciences and energy tech sectors and reveals that Ellie Mae’s revenue grew 180% in the 3 years to 2016.

“Since our launch of the Encompass Lending Platform™ more lenders have begun to use our solutions to close more loans, lower costs and reduce time to close loans. This has helped to accelerate innovation, providing users with the technology they need to ensure compliance, efficiency and quality throughout the entire mortgage process," commented Ellie Mae’s president and chief executive officer, Jonathan Corr.

Ellie Mae has seen its stock value increase this week, partly on the inclusion in the Deloitte report. Many of the large stock market analysts are rating the firm as a ‘buy’ with recent financial results confirming its rising star with quarterly revenue up 6.6% to $107 million, beating expectations.

The firm has been operating since 2007 and figures from 2014 showed that its software was used in around a quarter of all mortgage originations.

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