Company type | Subsidiary |
---|---|
Industry | Technology – Application Software |
Founded | 1997 |
Fate | Acquired by Intercontinental Exchange |
Headquarters | Pleasanton, California, U.S. |
Key people | Joe Tyrrell (President) |
Services | Automated solutions for the residential mortgage industry |
Revenue | US$417.04 million (2017) |
US$42.14 million (2017) | |
US$52.85 million (2017) | |
Total assets | US$831.61 million (2017) |
Total equity | US$735.34 million (2017) |
Owner | Intercontinental Exchange |
Number of employees | approx. 1,750 (2020) |
Website | ICEMortgageTechnology.com |
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. The company is headquartered in Pleasanton, California.[4]
The company ... was founded as Electronic Mortgage Affiliates, but changed its name to Ellie Mae at a time when Fannie Mae was one of the nation's most admired companies.