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Ellie Mae Inc., originally named Electronic Mortgage Affiliates, [1] is a software company that processes 35% of U.S. mortgage applications. [2] The services are based on a software as a service model (SaaS), [ 3 ] and specializes in originating and funding new mortgage loans and facilitating regulatory compliance .
Jan 7, 2024 · After talks with Thoma, on August 6, 2020, ICE entered a definitive agreement to acquire Ellie Mae for $11.4 billion. The acquisition consisted of $9.5 billion in cash and $1.9 billion of ICE stock. ICE saw this investment as an opportunity finally have a strong footing in mortgages and lean further into technology.
Aug 6, 2020 · The deal represents a significant premium to Ellie Mae’s $3.7bn valuation last year when Thoma Bravo acquired the business in an all-cash transaction.
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Sep 4, 2020 · 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.
Aug 6, 2020 · Lenders rely on Ellie Mae to securely manage and facilitate the exchange of data across the ecosystem to enable the origination of mortgages while maintaining strict adherence to various local, state and federal compliance requirements.
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Aug 7, 2020 · Ellie Mae, which digitally processes mortgage applications, was acquired by Thoma Bravo in 2019 for $3.7 billion. This is the third acquisition ICE has made to grow its mortgage services...
