Where is Ellie Mae moving?

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Mortgage rates are steadily moving lower as home-price gains are seeing their weakest pace in seven years. Housing market sees dramatic uptick, Ellie Mae CEO says | Fox Business News

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Using a similar metric, Ellie Mae, Inc. (ELLI) shares showed a Stochastic %D of 94.76% over the past 9 days, a Stochastic %D score of 95.75% over the last 14 days, and a 20-day Stochastic %D of 96.36%. Meanwhile, this stock’s MACD Oscillator was 8.98 over the past 9 days, 13.69 over the past two weeks, and 17.57 in the last 20 days.

Ellie Mae announced it is moving its infrastructure to Amazon Web Services (AWS) to rebuild its core applications and create new digital products for homebuyers. Ellie Mae will use AWS’ computers, storage, database, serverless, and containers to simplify the loan process for its customers and partners.

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Shares of Ellie Mae jumped as much as 22 percent to $99.60, their highest since September. Schwartz said the move reflects short-sellers who.

A number of mortgage market trends are setting the pace for what to expect from originations this year. Higher rates are signaling fewer refinances from a year ago, and are also dictating how a lender’s product mix will evolve, according to Ellie Mae.

That means lenders using Ellie Mae’s LOS have a fast path to using Finicity’s digital. changing the way lenders look at underwriting and is playing a major role in moving lending to a fully digital.

“Lending teams spend a lot of time jumping between different platforms to move a loan from application to clear-to. We built our integration with Ellie Mae’s Digital Mortgage Solution to solve this.

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Ellie Mae could move into other products Valerie Caviness for NYSE Thoma Bravo has investments in a number of fintech companies, including three with a presence in the mortgage industry: MerdianLink , whose technology includes the LendingQB loan origination system; Kofax , which offers document capture software; and Hyland Software , which does.

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