Ellie Mae earnings highlight big bank exit from mortgage business

Large and mid-sized lenders drive growth

By Brena Swanson | HousingWire

The latest earning results further confirmed the growing dominance of large and mid-sized nonbank lenders in the mortgage industry as big banks pull away from originations.

Jonathan Corr, president and CEO of Ellie Mae, said in its fourth-quarter earnings call, “Our Q4 and full year outperformance was driven by strong momentum across our entire business as we expanded our user base and drove increased adoption of our product offerings. New customer seats booked during the quarter were a record 8,700.”

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February 14, 2016

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Ellie Mae earnings highlight big bank exit from mortgage business

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Ellie Mae earnings highlight big bank exit from mortgage business

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