| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
36 |
| Employees |
1,480 |
| Revenues (TTM) (Millions $) |
482 |
| Net Income (TTM) (Millions $) |
24 |
| Cash Flow (TTM) (Millions $) |
44 |
| Capital Exp. (TTM) (Millions $) |
93 |
Business Description
Ellie Mae Inc is a software company that provides technology solutions for the mortgage industry. The company was founded in 1997 and is headquartered in Pleasanton, California.
The company's primary product is the Encompass Digital Lending Platform, which provides automation and efficiency to the entire mortgage lending process. The platform includes modules for loan origination, processing, underwriting, closing, and funding. It also includes tools for compliance, document management, and customer relationship management.
Ellie Mae's Encompass platform is used by over 3,000 mortgage lenders, including banks, credit unions, and independent mortgage brokers. The company serves a wide range of clients, from small local lenders to large national banks.
In addition to its core platform, Ellie Mae also offers a suite of additional services, including analytics and predictive modeling, digital mortgage marketing, and document preparation services.
Ellie Mae has received numerous awards and recognitions for its technology solutions. The company has been recognized as one of the fastest-growing technology companies in North America by Deloittees Technology Fast 500e for four consecutive years. It was also named one of the Best Places to Work in the Bay Area by the San Francisco Business Times and Silicon Valley Business Journal.
In 2019, Ellie Mae was acquired by private equity firm Thoma Bravo for $3.7 billion. Since then, the company has continued to expand its offerings and invest in new technologies to improve the mortgage lending process.
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