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Ellie Mae, Inc. (ELLI) provides on-demand software solutions and services for the residential mortgage industry in the United States.
The company provides Encompass, a proprietary software solution that combines loan origination and enterprise management software for mortgage originators into a system, as well as access to investors, lenders, and service providers on the Ellie Mae Network.
Its Encompass solutions and services comprise Ellie Mae Total Quality Loan Program that offers fraud detection, valuation, validation, and risk analysis services; Encompass CenterWise, a bundled offering of electronic document management and Websites used for customer relationship management (CRM); Encompass TPO WebCenter that offers a Web-based environment for third-party originator to upload loan files and supporting documentation directly to the Encompass software; Encompass Docs Solution, an integrated initial disclosure and closing document preparation solution; and Encompass Compliance Service to analyze mortgage loan data for compliance with consumer protection laws and institutionally mandated compliance policies.
The companys Encompass solutions and services also include Encompass Product and Pricing Service to compare loans offered by lenders and investors to determine mortgage programs available to a borrower; Encompass Flood Service to order and transfer flood zone certifications; Encompass CRM to manage contacts, leads, and marketing campaigns; Encompass Consumer Direct, which allows borrowers to complete loan application online; Encompass 4506-T Service, an integrated income verification solution; Encompass Appraisal Service to order, track, and retrieve appraisal reports; and Encompass Fraud Service to order collateral and non-collateral based fraud risk reports.
In addition, it offers research and reference, education, documentation, and data and analytics products under the AllRegs brand.
Shares have formed a bullish "flag" following the company's latest quarterly results. Higher share prices are expected for this stock.
52-Weeks Trading Range: $54.60 - $87.94
Entry Point: $88.00
Stop Loss: $83.60
Target Price: $96.80
ELLI closed at $83.00
