Ellie Mae (NYSE: ELLI) has closed a deal for AllRegs, which provides information to the mortgage industry, for $30 million.
AllRegs supplies education, training, plus loan product and guideline data and analytics to more than 3,000 mortgage companies.
Ellie Mae, headquartered in Pleasanton, California, provides software to the mortgage industry, including mortgage management technology, investor guidelines, compliance resources and education for lenders. The acquisition was previously announced in August. The buyer says the deal should allow it to expand its customer base and add services.
Berkery Noyes served as AllRegs' financial adviser.
In another recent mortgage deal, Altisource Portfolio Solutions agreed to buy Mortgage Builder Software.