Ellie Mae Joins Electronic Signature and Records Association
Leading mortgage technology provider to work with ESRA to promote e-signatures in the mortgage industry
PLEASANTON, Calif. – January 28, 2015 – Ellie Mae® (NYSE:ELLI), a leading provider of innovative on-demand software solutions and services for the residential mortgage industry, has joined the Electronic Signature and Records Association (ESRA), a trade association representing electronic signature adopters and providers.
ESRA was founded in 2006 to educate businesses and the public about the legal, public policy, regulatory and operational issues involved with using electronic signatures and records. Its members include insurance and financial institutions, document and e-signature providers, and innovative technology providers such as Ellie Mae.
Used by more than 100,000 mortgage professionals, Ellie Mae’s flagship product, Encompass®, is an all-in-one mortgage management solution that enables banks, credit unions and mortgage lenders to originate and fund mortgages efficiently with built-in compliance and quality tools.
“Digital signatures and electronic closings are a vital part of Ellie Mae’s mission to bring efficiency, loan quality and compliance to the mortgage industry,” said Joe Tyrrell, Ellie Mae’s senior vice president of corporate strategy. “By collaborating with ESRA and drawing on their expertise—as well as sharing our own experiences—we will all move much closer toward industry-wide acceptance of electronic signatures.”
“Ellie Mae is committed to providing seamless e-disclosures and e-closings as part of Encompass’ end-to-end automation capabilities,” said Harry Gardner, Ellie Mae’s vice president of eStrategies. “Electronic mortgages provide an advanced framework for addressing the requirements of RESPA-TILA, and can increase efficiency and data quality throughout the loan process. We look forward to working with ESRA to help the industry reach the tipping point of mainstream e-mortgage adoption.”
As an ESRA member, Ellie Mae will have the opportunity to become involved in various public policy initiatives and promote the organization’s efforts and leadership by participating in ESRA-hosted events throughout the year.
“We are pleased to have a company of Ellie Mae’s stature join our organization,” said Steve Bisbee, ESRA membership chair and CEO of eOriginal. “We believe that Ellie Mae’s extensive customer base will be instrumental in propelling e-mortgage growth from within the mortgage industry, at long last.”
This press release contains forward-looking statements under the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These forward-looking statements include Ellie Mae’s ability to incorporate e-disclosure, e-closing and e-signature capabilities within Ellie Mae’s Encompass software. Additional risks and uncertainties related to the Company’s business are discussed in the Company’s Securities and Exchange Commission filings, including but not limited to the Company's Annual Report on Form 10-K for the year ended December 31, 2013. Unless otherwise required by applicable laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
About Ellie Mae
Ellie Mae (NYSE:ELLI) is a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. Ellie Mae’s all-in-one Encompass® mortgage management solution provides one system of record that allows banks, credit unions and mortgage lenders to originate and fund mortgages and improve compliance, loan quality and efficiency. Visit EllieMae.com or call 877.355.4362 to learn more.
The Electronic Signature and Records Association (ESRA) is the premier trade association representing electronic signature and records industry adopters and providers. Founded in 2006, the organization’s primary mission is to educate its members and the public on legal, public policy, regulatory and operational issues in relation to the use of electronic signatures and records across various industries. For more information, visit www.esignrecords.org/about.
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