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Ellie Mae nearly doubled its revenue in the first quarter of 2012, turning net income of $3.6 million, compared to a net loss of $800,000 in the year-over-year quarter.
May 3
The mortgage lender LeaderOne Financial has selected Ellie Mae’s Encompass360 for its mortgage management software.
LeaderOne, based in Overland Park, Kan., said Friday that it evaluated nine loan origination systems over nine months before selecting Encompass360. Encompass360 helps with transparency and compliance and includes a reporting feature that allows a lender to view data on specific branches, loan types, employees and individual loan files.
Ellie Mae, based in Pleasanton, Calif., offers end-to-end products, delivered using a software-as-a-service model that serves as a core operating system for mortgage originators and covers customer relationship management, loan origination and business management.