Ellie Mae Releases October 2012 Origination Insight Report

Closing Rates for Refinances Top 50%

PLEASANTON, Calif. – November 19, 2012 – 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 October 2012. 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 Ellie Mae Network™.

MONTHLY ORIGINATION OVERVIEW FOR OCTOBER 2012

October 2012* September 2012* 3 Months Ago (July 2012)* 6 Months Ago (April 2012)*
Closed Loans
Purpose
Refinance 69% 65% 58% 56%
Purchase 31% 35% 42% 44%
Type
FHA 19% 19% 24% 28%
Conventional 74% 72% 67% 62%
Days to Close
All 54 50 48 45
Refinance 57 53 48 47
Purchase 47 47 47 43
ARMs vs. Fixed, Length, Rate
ARM % 2.2% 2.6% 3.1% 5.1%
15 Year % 16.9% 17.3% 15.3% 18.4%
30 Year – Note Rate 3.671 3.773 3.870 4.151
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