Ellie Mae plans IPO

Filing reveals e-mortgage challenges

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 to be offered in the initial public offering and price range weren’t disclosed in the company’s S-1 registration statement for an initial public offering (the offering will be made only by means of a prospectus, to be made available by Goldman Sachs & Co.).