This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Ellie Mae Releases New Study Examining The Total Economic Impact Of Encompass360

Ellie Mae ® (NYSE: ELLI), a leading provider of enterprise level, on-demand automated solutions for the residential mortgage industry, today announced the findings from a new commissioned study conducted by Forrester Consulting on behalf of Ellie Mae on the total economic impact that lenders may realize by using the Company’s Encompass360 ® mortgage management software system.

Forrester Consulting’s analysis showed that a lender funding approximately $1 billion annually and using Encompass360 and Success-Based Pricing could:
  • See a return on investment of 57% over three years;
  • Receive total benefits of $2,679,000 over three years vs. total costs of $1,702,170;
  • Break even in as short as 2.9 months on a risk-adjusted, cash-flow basis; and
  • Receive an average benefit per loan of $232.

Forrester Consulting arrived at this conclusion after interviewing four existing Encompass360 clients, who were representative of the profile of the Company’s user base, and then developing a composite company to illustrate quantifiable costs and benefits.

The research company then evaluated the benefits, such as improved compliance and increased staff efficiency, as well as the costs of using Encompass360. Cost elements included software licensing, self-hosting, internal labor and training.

This study was commissioned by the Company, and the Company identified the clients who were interviewed by Forrester Consulting. Although the Company was able to review and provide feedback on the study, Forrester Consulting maintained editorial control over the study and its findings. Forrester Consulting and the Company make no assumptions as to the potential ROI that other organizations will receive.

“All loan origination system developers talk about ROI, but we decided to quantify it,” said Jonathan Corr, chief operating officer of Ellie Mae. “While total economic impact analyses are common in the enterprise software space, this was the first one that Forrester has ever conducted in the mortgage market. The findings support what our clients have been telling us: Encompass360 and Success-Based Pricing can help deliver a quick and significant economic improvement over licensed, self-hosted models, improve productivity, back stop compliance and pay for themselves in a matter of months.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs