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 April 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™. To get the full report, please visit http://www.elliemae.com/about-us/news-reports/ellie-mae-reports/.
MONTHLY ORIGINATION OVERVIEW FOR APRIL 2014
|April 2014*||March 2014*|| 6 Months Ago
| 1 Year Ago
|Days to Close|
|ARMs vs. Fixed, Length, Rate|
|15 Year %||12.2%||12.4%||15.5%||15.3%|
|30 Year – Note Rate||4.622||4.604||4.750||3.808|
*All references to months should be read as month ended.
PROFILES OF CLOSED AND DENIED LOANS FOR APRIL 2014
Closed First-Lien Loans
| Denied Loans
|FICO Score (FICO)||726||690|
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