Lester Liu Joins Ellie Mae as Senior Vice President of Corporate Development
Former Visa vice president of global corporate development brings mergers and acquisitions experience
PLEASANTON, Calif. – July 19, 2016 – Ellie Mae® (NYSE:ELLI), a leading provider of innovative on-demand software solutions and services for the residential mortgage industry, announced today that Lester Liu has joined the company as senior vice president of corporate development. In this role, Lester will lead mergers and acquisitions, while also driving integration and strategic planning.
Prior to joining Ellie Mae, Lester served as vice president of global corporate development, mergers & acquisitions and strategy for Visa, where he led transaction execution and developed M&A strategy. Prior to Visa, Lester was a senior vice president in technology mergers & acquisitions with Lehman Brothers / Barclays and held similar leadership positions with Merrill Lynch and Thomas Weisel Partners. Lester holds an MBA from The Wharton School and a BA from Stanford University.
“I am very excited to have joined Ellie Mae, the industry’s technology leader which is incredibly effective at using innovation to streamline complex, cumbersome processes,” Liu said. “I look forward to working with Ellie Mae’s leadership team to build upon our M&A strategy. We have a clear mission to automate the entirety of the mortgage origination process while we develop our open platform.”
Ellie Mae’s Encompass all-in-one mortgage management solution enables banks, credit unions and mortgage lenders to create and fund mortgages and improve compliance, loan quality and efficiency. Encompass is used by more than 180,000 contracted users and thousands of mortgage companies, including seven of the top 25 largest U.S. mortgage lenders.
“I’m very pleased to welcome Lester to Ellie Mae,” said Joe Tyrrell, executive vice president of corporate strategy at Ellie Mae. “He brings to the role a wealth of industry experience that will help drive our corporate strategy and position Ellie Mae for continued success moving forward.”
About Ellie Mae
Ellie Mae (NYSE:ELLI) is a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. Mortgage lenders of all sizes use Ellie Mae’s Encompass® all-in-one mortgage management solution, Mavent Compliance Service, and AllRegs research, reference and education resources to improve compliance, loan quality and efficiency across the entire mortgage lifecycle. Visit EllieMae.com or call (877) 355-4362 to learn more.
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