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.
A copy of the full study can be obtained at http://webinars.elliemae.com/content/forresterstudy2012.About Ellie Mae Ellie Mae, Inc. is a leading provider of on-demand automation solutions for the mortgage industry. The Company offers an end-to-end solution, delivered using a Software-as-a-Service model that serves as the core operating system for mortgage originators and spans customer relationship management, loan origination and business management. The Company also hosts the Ellie Mae Network™ that allows Encompass ® users to electronically conduct business transactions with the lenders and settlement service providers they work with to process and fund loans. The Company's offerings include the Encompass, Encompass360 ® and DataTrac ® mortgage management software systems. Ellie Mae was founded in 1997 and is based in Pleasanton, California. To learn more about Ellie Mae, visit www.EllieMae.com or call 877.355.4362. © 2012 Ellie Mae, Inc. Ellie Mae ® , Encompass ® , Encompass360 ® , DataTrac ® , Ellie Mae Network ™ and the Ellie Mae logo are registered trademarks or trademarks of Ellie Mae, Inc. or its subsidiaries. All rights reserved. Other company and product names may be trademarks or copyrights of their respective owners.