Industry NewsTechnology

Ellie Mae plans IPO

Filing reveals e-mortgage challenges
Published on May 3, 2010

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Ellie Mae -- the operator of a network connecting mortgage originators, lenders and settlement services providers -- is planning to go public. The company has filed supporting documents with regulators that provide a glimpse into the future of electronic mortgage originations, and how the shakeout from the financial crisis has impacted the lending industry.

Pleasanton, Calif.-based Ellie Mae, which also provides mortgage management software, Encompass, to loan originators, filed a slew of documents with the Securities and Exchange Commission last week.

The number of shares