Sept. 9, 2020 /PRNewswire/ -- Ellie
Mae®, the leading cloud-based loan origination platform
provider for the mortgage industry and now part of Intercontinental
Exchange, Inc. (NYSE: ICE), announced today that its
Ellie Mae® Digital Lending Platform™ was named a 2020 Finovate
finalist in the "Best Digital Mortgage Platform" category.
The Finovate Awards recognize the companies driving fintech
innovation forward and the individuals bringing new ideas to life.
Now in its second year, the award judges reviewed a record number
of nominations and leveraged the insights of fintech experts,
analysts and professionals, to produce what they believe is a true
winners circle of our industry's most impressive and accomplished
companies and individuals. The "Best Digital Mortgage Platform"
category is awarded to a financial institution that excels in
digital or online mortgage by offering quality products and an
exceptional digital experience. The final 25 award winners will be
announced during the virtual FinovateFall Digital conference on
Monday, September 14.
"Ellie Mae has a 20-year history of building and innovating the
largest mortgage origination platform, which processes more than 40
percent of all residential mortgages in the U.S. and serves more
than 3,000 customers and thousands of partners participating on the
open network," said Joe Tyrrell
chief operating officer at Ellie Mae. "Our team is honored that the
2020 Finovate Awards has recognized how Ellie Mae has played a
significant role in making the digital homebuying experience the
"new normal" via our all-in-one, automated digital mortgage
solution – the Ellie Mae Digital Lending Platform."
Ellie Mae's Digital Lending Platform has been specifically
developed to provide a true digital mortgage experience across the
company's entire workflow for every channel, loan transaction and
customer type. The solution provides an open platform, all in one
place, that is designed to manage every stage of the mortgage
lifecycle, from point of interest, to origination, to resale on the
secondary market, regardless of what point of sale system (POS) or
mortgage loan origination system (LOS) a lender or investor may
use. One of the latest additions to the platform is Ellie Mae
AIQ – an omni-channel solution that leverages artificial
intelligence (AI) to enable lenders, investors and servicers to
automate manual workflows and increase productivity. With Ellie Mae
AIQ, lenders can manufacture, acquire and service loans up to 80
percent faster while significantly reducing risk. Through the
capabilities of the platform, lenders and investors can drive more
business, originate, sell and purchase loans more cost-effectively
while delivering a better customer experience.
For more information on the Finovate Awards program or to
register for the award ceremony at FinovateFall Digital on
September 14, visit:
About Ellie Mae
Ellie Mae is the leading cloud-based loan origination platform
provider for the mortgage industry. Ellie Mae's technology
solutions enable lenders to originate more loans, lower origination
costs, and reduce the time to close, all while ensuring the highest
levels of compliance, quality, and efficiency. Visit
EllieMae.com or call (877) 355-4362 to learn more.
© 2020 Ellie Mae, Inc. Ellie Mae®, Encompass®, AllRegs®,
Mavent®, Velocify®, Capsilon®, the Ellie Mae logo and other
trademarks or service marks of Ellie Mae, Inc. appearing herein are
the property of Ellie Mae, Inc. or its subsidiaries. All rights
reserved. Other company and product names may be trademarks or
copyrights of their respective owners.
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SOURCE Ellie Mae