Ellie Mae Releases June 2013 Origination Insight Report and June Year-Over-Year Infographic

Mix of Refinance-to-Purchase Loans at 51%-to-49%

PLEASANTON, Calif. – July 17, 2013 – Ellie Mae® (NYSE: ELLI), a leading provider of enterprise-level, on-demand automated solutions for the residential mortgage industry, today released its Origination Insight Report for June 2013 and infographic comparing mortgage metrics from June of 2012 to June of 2013. The report draws its data and insights from a robust sampling of the significant volume of loan applications—more than 20% of all originations in the United States—that flow through Ellie Mae’s Encompass360® mortgage management software and the Ellie Mae Network™.

MONTHLY ORIGINATION OVERVIEW FOR JUNE 2013

  June 2013* May 2013* 6 Months Ago
(December 2012)*
1 Year Ago
(June 2012)*
Closed Loans
Purpose
Refinance 51% 58% 69% 54%
Purchase 49% 42% 31% 46%
Type
FHA 19% 19% 19% 23%
Conventional 71% 72% 73% 67%
Days to Close
All 47 44 55 47
Refinance 47 44 57 47
Purchase 46 45 51 46
ARMs vs. Fixed, Length, Rate
ARM % 4.0% 3.1% 2.1% 3.3%
15 Year % 16.5% 16.4% 15.9% 15.8%
30 Year – Note Rate 3.918 3.747 3.609 3.992
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