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 July 2013. 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 the Ellie Mae Network™.
MONTHLY ORIGINATION OVERVIEW FOR JULY 2013
6 Months Ago (January 2013)*
1 Year Ago (July 2012)*
|Days to Close|
|ARMs vs. Fixed, Length, Rate|
|15 Year %||15.5%||16.5%||16.9%||15.3%|
|30 Year – Note Rate||4.357||3.918||3.634||3.870|
*All references to months should be read as month ended.
PROFILES OF CLOSED AND DENIED LOANS FOR JULY 2013
|Closed First-Lien Loans||Denied Loans|
|(All Types)||(All Types)|
|FICO Score (FICO)||737||702|
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