More than 40 of annual U.S. mortgage originations are processed using Ellie Mae software. That gives Ellie Mae insight into trends such as borrowers’ credit profiles and changing underwriting standards.
The private equity acquisition of the fintech vendor Ellie Mae will give it some breathing room in a declining originations market because it will have a more patient and strategic investor than its myriad shareholders as a public company.
“Ellie Mae is leading the digital transformation of the residential mortgage industry," says Thoma Bravo partner about the firm's $3.7B take-private deal. Constitution Capital Real Estate Partners launches. LLR-backed Celero Commerce buys again.