Ellie Mae Riding Electronic Trend In Mortgages
Many market watchers believe the trend toward electronic processing of mortgages is a sure thing. California-based Ellie Mae (ELLI) is counting on that trend. The company provides on-demand and on-premises software for the mortgage industry. About 88% of Ellie Mae's revenue in the third quarter came from on demand and the remainder from on-premises software. The electronic-processing market is fragmented. With plenty of small players, this gives
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