PLEASANTON, Calif.,
Oct. 21, 2020 /PRNewswire/
-- Ellie Mae®, the leading cloud-based platform
provider for the mortgage finance industry and now ICE Mortgage
Technology, a division of Intercontinental Exchange, Inc. (NYSE:
ICE), today announced that PennyMac Corp., a subsidiary of PennyMac
Mortgage Investment Trust (NYSE: PMT) and currently the largest
correspondent aggregator in the United
States, is live with Ellie Mae's next generation Digital
Lending Platform for its correspondent business.
Less than one year after announcing the expanded partnership in
support of the correspondent channel, Ellie Mae partnered with
PennyMac to quickly transition 100% of their seller community to
their leading cloud-based platform. This move expanded
PennyMac's long standing relationship with Ellie Mae to consolidate
its consumer direct, broker direct and correspondent businesses on
a single platform. The speed and effectiveness of the
delivery and implementation enabled PennyMac to ensure their
continued leadership in the correspondent segment while providing
"best in class" customer service and a modern user experience for
operational efficiencies and savings across the organization.
"Delivering innovation to benefit our customers through a truly
unique experience is what makes Ellie Mae a valuable partner to
us," said Doug Jones, PennyMac
Corp.'s President. "Our speed to market and common vision enabled
us to pioneer Ellie Mae's next generation Digital Lending Platform.
In less than a year, we're live, giving us a cutting-edge
opportunity to support all channels…driving lender technology,
supporting industry growth, and most importantly, adding value for
our customers."
The Ellie Mae Digital Lending Platform empowers lenders and
investors to engage homebuyers and efficiently originate, close,
sell and purchase loans that maximize ROI across their business,
all from a single system of record. The platform delivers a true
digital mortgage experience throughout the loan origination
workflow, for every channel, every loan transaction and every
customer type.
"This is only the beginning," said Joe
Tyrrell, president, ICE Mortgage Technology. "PennyMac and
Ellie Mae share a common vision to continually improve levels of
efficiency and intelligent automation to offer a truly digital
mortgage experience throughout the entire lending process. Our
leading next generation platform approach has the ability to
reshape the industry by providing a single network for every
mortgage."
For more information on the Ellie Mae Digital Lending Platform,
visit: https://www.elliemae.com/digital-lending-platform
About Ellie Mae
Ellie Mae, now ICE Mortgage
Technology, a division of Intercontinental Exchange, Inc. (NYSE:
ICE), is the leading cloud-based platform provider for the mortgage
finance 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.
About PennyMac Mortgage Investment Trust
PennyMac
Mortgage Investment Trust (NYSE: PMT) is specialty finance
company that invests primarily in residential mortgage loans and
mortgage-related assets. As a real estate investment trust (REIT),
our objective is to provide attractive risk-adjusted returns to our
shareholders over the long-term, primarily through dividends and
secondarily through capital appreciation. For additional
information on PennyMac Mortgage Investment Trust, please visit:
http://pennymacmortgageinvestmenttrust.com.
© 2020 Ellie Mae, Inc. Ellie Mae®, Encompass®, AllRegs®,
Mavent®, Velocify®, 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.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/pennymac-live-on-ellie-maes-next-generation-digital-lending-platform-for-correspondent-business-less-than-one-year-after-announcing-expanded-partnership-301156831.html
SOURCE Ellie Mae