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Clarity Technologies

Ellie Mae’s recent announcement that it has been acquired by another entity may mean that we can look forward to a force more powerful than ever.

Ellie Mae announced in February that it had entered into a definitive agreement to be acquired by Thoma Bravo, a leading private equity investment firm. The all-cash transaction values Ellie Mae at an aggregate equity value of about $3.7 billion, according to a news release from Ellie Mae.

Ellie Mae plans to continue to drive mortgage finance innovations as a privately held company. In the release, Ellie Mae CEO Jonathan Corr said they will remain committed to innovation and growth of the Encompass Digital Lending Platform.

Ellie Mae recently announced that it had been acquired by Thoma Bravo.“Ellie Mae delivers powerful and innovative mortgage technology solutions across every channel of the residential mortgage sector, enabling lenders to originate more loans while reducing costs and driving efficiency, quality, and compliance throughout the mortgage process,” Holden Spaht, a managing partner at Thoma Bravo, said in the release. “Ellie Mae is leading the digital transformation of the residential mortgage industry, and we look forward to building on the company’s successes and to our partnership through this next chapter of growth.”

Ellie Mae’s headquarters will remain in Pleasanton, California, with regional offices across the United States. Closing of the transaction is subject to approval by Ellie Mae stockholders and regulatory authorities and the satisfaction of customary closing conditions. The transaction is expected to close in the second or third quarter of 2019.

Ellie Mae is the leading cloud-based platform provider for the mortgage finance industry. Ellie Mae’s technology solutions enable lenders to originate more loans, reduce origination costs, and shorten the time to close, all while ensuring the highest levels of compliance, quality, and efficiency.

Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. With a series of funds representing more than $30 billion in capital commitments, Thoma Bravo partners with a company’s management team to implement operating best practices, invest in growth initiatives, and make accretive acquisitions intended to accelerate revenue and earnings, with the goal of increasing the value of the business.

Clarity Technologies is an Ellie Mae partner and can help you use Encompass to the best of your ability.


Cloud Services

Ellie Mae, the leading cloud-based platform provider for the mortgage finance industry, announced the release of AllRegs Online early this year. The resource provides an updated and modernized interface, new features, compatibility with tablets, and more.

Ellie Mae, the leading cloud-based platform provider for the mortgage finance industry, announced the release of AllRegs Online.According to a press release by Ellie Mae, the updates are expected to drive efficiencies in the loan production process.

AllRegs Online enables lenders to manufacture loans knowing they meet the latest investor requirements or state and federal statutes. Its research tool is designed to be accessible to anyone in the loan process, including loan officers, operations personnel, underwriters, risk managers, quality control representatives, and marketing personnel.

“AllRegs has been in the business of providing a single trusted source for regulatory and investor information for 30 years, and this update continues our legacy of leadership,” Terri Davis, vice president of AllRegs by Ellie Mae, said in the release. “Lenders leveraging AllRegs Online benefit from time savings and improved loan profitability thanks to quick and easy access to specific investor guidelines, and the research and reference tools are centralized and easy to navigate. Loan quality is improved since the guessing is eliminated.”

According to the announcement, the new AllRegs Online includes:

  • • A centralized source of mortgage industry content, including compliance regulations, pending residential mortgage legislation, and single- and multi-family agency guidelines.
  • • The new homepage includes lists for recently viewed documents, favorites, and public notes with the ability to personalize views.
  • • Improved search functionality.
  • • A new floating toolbar that provides access to common tasks such as printing, emailing, and adding notes.
  • • New user administration functionality that provides administrators with the ability to add and remove users and create user groups with unique content permissions.

For more information about Ellie Mae tools that can help improve your mortgage loan processes, visit our Clarity Technologies website or call us at (480) 418-3428.

Contact us at Clarity Technologies for more information about Ellie Mae tools that can enhance your loan origination systems.


Managed Services

Have you had a recent health check? We’re not talking about your own health, but that of your mortgage technology.

No? Well, if you’re not sure where to begin, we’re here to help. We have extensive experience building change within technology processes and the Ellie Mae Encompass system. Together, we’ll decide what’s best for the future health of your loan origination systems.

What to Expect from Your Examination

If you use an Ellie Mae Encompass system, are you using it to its fullest potential? To find out, contact one of our mortgage technology consultants in Scottsdale, Arizona.When you contact us to evaluate your loan origination systems, you can expect us to complete a thorough examination of the tools you use every day in order to determine where you can work more efficiently and save money. This includes your phone systems, internet connectivity, disaster recovery programs, electricity, training programs, and plugins and integrations.

Through the Ellie Mae Encompass lending platform, you can originate more loans, reduce loan processing times, and make smarter business decisions overall. But you can only do this if you use the right tools for your own business, not the tools you think you need to use.

And that’s why we’re here. We can help you identify what’s working within your Ellie Mae Encompass system and what could be improved or eliminated to save you time and money.

Following are some of the questions we might consider, or that you might ask yourself, in order to determine the best steps for you to take.

1.  Are you engaging a good number of consumers? If not, what tools do you need to attract more potential borrowers?

2.  Are borrowers getting into their homes as quickly as possible, or do you regularly face stumbling blocks? If it’s the latter, why do those obstacles keep getting in the way?

3.  Do you regularly track your ROI through digital systems?

4.  Can coworkers, managers, customers, and vendors communicate effectively internally, regardless of the type of digital device they are using or where they are working?

5.  Do you offer interactive tools that provide consumers with the guidance they need to make informed decisions

6.  Are you certain you are compliant with all applicable laws and local ordinances?

7.  Can you transfer and access digital documents with ease, both within the same building and remotely?

8.  Are your mortgage technology systems thoroughly protected from malware and other potential security threats?

These are only some of the many issues that mortgage lenders face, and having a fresh perspective from an outside mortgage technology consultant enables lenders to see the problems and solutions more clearly.

Contact Us for Help Evaluating Your Ellie Mae Encompass System

As an Ellie Mae partner, we can help you make the best changes to give you immediate return on your investment. By exploring your loan origination systems, we can help you improve your overall procedures and communication strategies, thereby eliminating wasted time, money, and efforts.

Contact us through our Clarity Technologies website for additional information or to schedule an appointment for your Ellie Mae Health Check.

Contact us at Clarity Technologies for more information about this blog or for mortgage technology services.