Ellie Mae Issues Correction for Infographic Accompanying December 2012 Origination Insight Report
PLEASANTON, Calif. – January 16, 2013 – Ellie Mae® (NYSE: ELLI) issued a correction to its infographic on averages of key mortgage statistics for 2012 that accompanied its December 2012 Origination Insight Report today. Under “Purpose,” the average Refinance percentage for 2012 should have been 62% (rather than 69%) and the average Purchase percentage for 2012 should have been 38% (rather than 31%). The full report has the correct data and the infographic has been revised to reflect this.
About Ellie Mae
Ellie Mae, Inc. (NYSE: ELLI) is a leading provider of on-demand automation solutions for the mortgage industry. The Company offers an end-to-end solution, delivered using a Software-as-a-Service model that serves as the core operating system for mortgage originators and spans customer relationship management, loan origination and business management. The Company also hosts the Ellie Mae Network™ that allows Encompass® users to electronically conduct business transactions with the lenders and settlement service providers they work with to process and fund loans. The Company’s offerings include the Encompass, Encompass360® and DataTrac® mortgage management software systems.
Ellie Mae was founded in 1997 and is based in Pleasanton, California. To learn more about Ellie Mae, visit www.EllieMae.com or call 877.355.4362.
© 2013 Ellie Mae, Inc. Ellie Mae®, Encompass®, Encompass360®, DataTrac®, Ellie Mae Network™ and the Ellie Mae logo are registered trademarks or trademarks of Ellie Mae, Inc. or its subsidiaries. All rights reserved. Other company and product names may be trademarks or copyrights of their respective owners.
Campbell Lewis Communications