Bay Area Company Spotlighted in New Tom Peters TV Special Airing Nationally; Ellie Mae Streamlines the Clunky Mortgage Process.DUBLIN, Calif. -- Ellie Mae, an innovative Bay Area company providing technology that simplifies the mortgage process, is the only California company among five American businesses featured in a new public television special from Tom Peters that begins airing nationally this month. The new, 60-minute special, "Tom Peters: Re-imagine! Business Excellence in a Disruptive Age," profiles companies that are revolutionizing the way work and business are conducted. The special is based on Peters' new book of the same title, a successor to his ground-breaking book "In Search of Excellence," published in 1984. It is produced by Enterprise Media and presented to public television stations through American Public Television American Public Television (APT) is the largest of the television syndication distributors of programming for public television stations in the United States. It began in 1961 as the Eastern Educational Television Network . Ellie Mae is the brainchild brain·child n. An original idea or plan attributed to a person or group. brainchild Noun Informal an idea or plan produced by creative thought Noun 1. of co-founder Sig Anderman, a retired housing industry entrepreneur who in 1998 decided to use the Internet to streamline the lengthy and often cumbersome mortgage process. Using the Internet, Ellie Mae has created a transaction platform called ePass that connects all of the people involved in a loan, enabling them to exchange data electronically. Last year ePass handled over seven million transactions, touching one out of three mortgage loans made. Fast-growing Ellie Mae, also named one of the "best places to work" and one of the Bay area's fastest growing companies, employs 170 people in its headquarters in Dublin, California Dublin is a city in Alameda County, California, United States. The population was 29,973 at the 2000 census. Dublin is home to the headquarters of Sybase, Inc. Government The city government is headed by a mayor. , just across from the Silicon Valley. Last fall, the company launched Encompass, a new mortgage management system that allows loan officers, loan processors and mortgage brokers to collaborate to shave shave (shav) 1. to cut at or parallel to the surface of the skin. 2. to remove the beard or other body hair by such a process. 3. to cut thin slices from or to cut into thin slices. days from the time it takes to process a loan. Passionately dedicated to transforming and modernizing the mortgage process, Ellie Mae has forged alliances with lending organizations across the country, including Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , Cendant, CitiMortgage, Flagstar Bank Flagstar Bancorp, Inc. (NYSE: FBC) operates as the holding company for Flagstar Bank, a federally chartered stock savings bank. Flagstar is the largest publicly traded savings bank headquartered in the midwest United States. , Indy Mac Bank, New Century Bank, and WMC WMC Winter Music Conference WMC Weill Medical College (Cornell University) WMC Wisconsin Manufacturers and Commerce (Madison, WI) WMC Westchester Medical Center WMC Western Mining Corporation Direct, who all rely on its mortgage system to save time and reduce processing costs by as much as $200 per loan. "We are determined to reduce pain and hassle factor hassle factor Managed care Any time-consuming and/or paperwork-ridden maneuver required of physicians, pharmacologists and other health care professionals before a 3rd for the 10 million Americans who get a new mortgage or refinance Refinance 1. When a business or person revises their payment schedule for repaying debt. 2. Replacing an older loan with a new loan offering better terms. Notes: When a business refinances they typically extend the maturity date. their mortgages in a year," says Anderman. "Using Ellie Mae's technology, mortgage brokers and lenders can eliminate the age-old problems of bulky paper files, blurry faxes and telephone tag telephone tag n. A series of unsuccessful calls exchanged by two people who are attempting to contact each other by telephone. that create costs and gray hairs for consumers." Ellie Mae, a dot-com survivor that is thriving today, also exemplifies part of a growing breed of companies Peters calls the "fixers" or "enablers" that solve the problems standing in the way of business creativity and success. Located just across the Bay from Silicon Valley, Ellie Mae draws on the region's talented programmers and systems engineers to design technology that is rapidly transforming the mortgage industry. About Ellie Mae, Inc. Ellie Mae, Inc., is the leading provider of desktop and Web-enabled mortgage-industry productivity technology that automates the loan-origination process from lead to close. In October 2003, Ellie Mae introduced Encompass, the first enterprise-level mortgage management system, with individual loan officer, processor and broker workspaces in a single, secure, scalable system. Ellie Mae's ePASS Web-transaction platform is the industry standard, connecting more than 30,000 third-party mortgage origination companies to more than 250 wholesale lenders and 90,000 settlement service providers-enabling them to eliminate redundant work, close loans faster, and reduce loan-origination costs. Ellie Mae products also include Executive Web Sites for automated lead generation and marketing, Contour and Genesis loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. software, and Ellie Mae Docs for speedy, error-free electronic closing documentation services. To learn more about Ellie Mae, call 888-955-9100 or visit www.elliemae.com. Note to Editors: Ellie Mae(R), ePASS(R), Encompass(TM), Contour(TM), Genesis(TM), Executive Web Sites(TM), Ellie Mae Docs(TM) are the sole property of Ellie Mae, Inc. |
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