Ellie Mae ® (NYSE:ELLI), a leading provider of innovative on-demand software solutions and services for the residential mortgage industry, announced today that MarketWise Advisors, LLC has released a new version of the ROI study of Ellie Mae's Encompass all-in-one mortgage management solution. The study, conducted from the second through the fourth quarters of 2016, provides an intensive evaluation of the return on investment lenders have achieved using Encompass and is a follow-up to the first MarketWise ROI study of Encompass conducted in 2014.

MarketWise Advisors was commissioned by Ellie Mae to analyze the financial performance and ROI of Encompass. The Ellie Mae Encompass solution was analyzed as a whole as well as by product, including Encompass Product & Pricing Service™, Encompass Docs Solution™, Encompass Compliance Service™, Encompass Flood Service™, and Encompass 4506-T Service™. The new study takes account of changing market dynamics and new Ellie Mae functionality to provide an up-to-date picture of the economic impact of Ellie Mae solutions on a lender's cost of origination.

The study revealed a total potential ROI of $1,331.48 per closed loan on average. The increase was attributable to increased productivity, level of feature/function use, and the application of advanced workflow and audit rules that streamline processes. Overall, participants realized an ROI of 697 percent of investment in Ellie Mae solutions, or nearly seven dollars in expected return for each dollar invested.

"This study provides clear evidence that Encompass' compliance capabilities, process automation, third-party service integrations and interoperability of a single system have a marked impact on the cost of origination," said Jordan Brown, CEO, MarketWise Advisors, LLC. "During the course of both the 2014 and 2016 studies, it was apparent that participating clients accrued a substantial amount of incremental revenue through the use of Ellie Mae solutions."

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