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 September 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 SEPTEMBER 2012
3 Months Ago (June 2012)*
6 Months Ago (March 2012)*
|Days to Close|
|ARMs vs. Fixed, Length, Rate|
|15 Year %||17.3%||16.8%||15.8%||20.2%|
|30 Year – Note Rate||3.773||3.763||3.992||4.080|
*All references to months should be read as month ended.
PROFILES OF CLOSED AND DENIED LOANS FOR SEPTEMBER 2012
Closed First-Lien Loans (All Types)
Denied Loans (All Types)
|FICO Score (FICO)||750||704|
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