Ellie Mae

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Ellie Mae, Inc.
IndustryTechnology – Application Software
Founded1997; 24 years ago (1997)
HeadquartersPleasanton, California, U.S.
Key people
Joe Tyrrell
ServicesAutomated solutions for the residential mortgage industry
RevenueIncrease US$417.04 million (2017)
Decrease US$42.14 million (2017)
Increase US$52.85 million (2017)
Total assetsIncrease US$831.61 million (2017)
Total equityIncrease US$735.34 million (2017)
OwnerIntercontinental Exchange
Number of employees
approx. 1,750 (2020)

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] that streamlines and automates the process of originating and funding new mortgage loans and facilitating regulatory compliance. The company was founded in 1997 by Limin Hu and Sigmund Anderman, and is headquartered in Pleasanton, California.[4]

In September 2020, financial services company Intercontinental Exchange acquired Ellie Mae for approximately $11 billion.[5]


Ellie Mae was founded in 1997 by Limin Hu and Sigmund Anderman.[4]

In 2009, Ellie Mae was accused by DocMagic, a competitor, of violating antitrust and intellectual property laws around actions taken when the vendor agreement between the two companies expired. The two companies settled the lawsuit after three years of litigation.[6]

In September 2003, Ellie Mae introduced the updated mortgage-management system Encompass360 to help underwriters comply with the latest federal mortgage rules in beginning in 2014. This system features debt-to-income calculators, discount assessment, and tools for evaluating a given loan's quality.[7]

In January 2014, Ellie Mae finally completed the acquisition of MortgageCEO (focusing on CRM).[8] Also in January 2014, Ellie Mae completed the acquisition of ARG Interactive, LLC.[9] Ellie Mae made its initial public offering in 2011, valued at approximately $122 million.[10] In 2008 Ellie Mae acquired the assets of Online Document Systems Inc. from Stewart Lender Services Inc. Since 2008 it has acquired Mavent Inc. (2009), Del Mar DataTrac (2011),[11] Mortgage Pricing Systems (2011), MortgageCEO (2014),[12] AllRegs, an Eagan, Minnesota-based information provider for the mortgage industry (2014),[13][14] ARG Interactive (2014),[15] MortgageReturns (2015), Velocify (2017), Docvelocity (2019) and Capsilon (2019)[16]

In April 2019, Ellie Mae was acquired by Thoma Bravo, LLC, a private equity investment firm, in an all-cash transaction that valued Ellie Mae at an aggregate equity value of approximately $3.7 billion. The acquisition was announced on February 12, 2019 and closed on April 17, 2019.

In August 2020, Intercontinental Exchange announced that it had entered into a definitive agreement to acquire Ellie Mae for approximately $11 billion.[17] The transaction completed successfully in September 2020 after regulatory approval.[18]

Products and services[edit]

The company's Ellie Mae Network connects mortgage lenders, investors, and service providers. Its Encompass product combines loan origination, business management, and customer relationship management. Encompass components include the following:

  • the Ellie Mae TQL Services tool (used within Encompass for fraud detection, valuation, and risk analysis)
  • Encompass CenterWise (a bundled offering of Encompass WebCenter and Encompass Enterprise Document Management (EDM))
  • Encompass WebCenter (providing professional websites)
  • Encompass TPO WebCenter (web-based extension of Encompass for third-party originators)
  • Encompass Docs Solution
  • Encompass Compliance Service
  • Encompass Product and Pricing Service
  • Encompass 4506-T Service (tax transcript services).[19]


  1. ^ Pender, Kathleen (June 20, 2015). "Ellie Mae thrives on mortgage regulation". San Francisco Chronicle. Retrieved August 12, 2020. 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. CS1 maint: discouraged parameter (link)
  2. ^ Howley, Kathleen (October 30, 2014). "Ellie Mae Soars 44% as Home Lenders Embrace E-Signatures". Bloomberg.com. Retrieved May 22, 2015. CS1 maint: discouraged parameter (link)
  3. ^ "Business Summary".
  4. ^ a b Staff. "Ellie Mae". Forbes.com. Retrieved May 22, 2015. CS1 maint: discouraged parameter (link)
  5. ^ "With $11B Ellie Mae deal finalized, ICE prepares to unleash a "fully digital mortgage ecosystem"". HousingWire.com. Sep 4, 2020.
  6. ^ Kilgore, Austin (October 10, 2012). "DocMagic, Ellie Mae Settle Lawsuit". Retrieved May 22, 2015. CS1 maint: discouraged parameter (link)
  7. ^ "Ellie Mae to Update Mortgage Platform for New Mortgage Rules".
  8. ^ "Ellie Mae finalizes MortgageCEO acquisition".
  9. ^ "Company Description".
  10. ^ Kilgore, Austin (April 15, 2011). "Ellie Starts Trading on NYSE". American Banker. Retrieved October 2, 2020. CS1 maint: discouraged parameter (link)
  11. ^ "Ellie Mae acquires Del Mar DataTrac". Business Wire. August 15, 2011. Retrieved July 13, 2020.
  12. ^ "Ellie Mae Completes MortgageCEO Acquisition". Business Wire. January 15, 2014. Retrieved April 30, 2020.
  13. ^ "Ellie Mae Set to Acquire AllRegs". August 7, 2014.
  14. ^ "Eagan-Based Mortgage Info Provider Sold for $30M".
  15. ^ "Ellie Mae Completes Acquisition of MortgageCEO". Benzinga. January 15, 2014. Retrieved July 13, 2020.
  16. ^ "Ellie Mae to Acquire Capsilon to Deliver End-to-End Mortgage Automation". Business Wire. October 28, 2019. Retrieved April 30, 2020.
  17. ^ "NYSE-owner ICE to buy Ellie Mae in $11 billion deal". Nasdaq.com. August 6, 2020.
  18. ^ "With $11B Ellie Mae deal finalized, ICE prepares to unleash a "fully digital mortgage ecosystem"". HousingWire.com. Sep 4, 2020.
  19. ^ "Company Full Description".

External links[edit]