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 February 2014. The report draws its data and insights from a robust sampling of the significant volume of loan applications that flow through Ellie Mae’s Encompass ® mortgage management software and the Ellie Mae Network™.
MONTHLY ORIGINATION OVERVIEW FOR FEBRUARY 2014
6 Months Ago (August 2013)*
1 Year Ago (February 2013)*
|Days to Close|
|ARMs vs. Fixed, Length, Rate|
|15 Year %||13.3%||15.0%||14.6%||16.8%|
|30 Year – Note Rate||4.655||4.723||4.618||3.723|
*All references to months should be read as month ended.
PROFILES OF CLOSED AND DENIED LOANS FOR FEBRUARY 2014
Closed First-Lien Loans (All Types)
Denied Loans (All Types)
|FICO Score (FICO)||724||689|
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