Ellie Mae acquires MortgageCEO

Ellie Mae, a Pleasanton, Calif.-based provider of on-demand software solutions and services for the residential mortgage industry, has signed a definitive agreement to acquire AllRegs, an Eagan, Minn.-based information provider for the mortgage industry, for $30 million. The acquisition of AllRegs is Ellie Mae’s sixth corporate purchase in six years.

Ellie Mae has announced plans to acquire MortgageCEO, a provider of CRM and marketing solutions to banks, credit unions, and mortgage company.

Image Courtesy: Ellie Mae. By acquiring Velocify, Ellie Mae would be able to accelerate the mortgage process. The acquisition comes at a critical time for the companies and the lenders in the US, even as the industry is shifting its focus to a more purchase-centric market that offers a synergistic mix of high tech and human moments to home.

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Ellie Mae (NYSE:ELLI), a leading provider of enterprise level, on-demand automated solutions for the residential mortgage industry, announced today that it has completed its acquisition of substantially all the assets of ARG Interactive, LLC (dba MortgageCEO) ("MortgageCEO"), a leader in on-demand customer relationship management (crm), and.

The bank that rejects the most mortgages Lending to British households eased slightly in May, according to Bank of England figures published monday. Mortgage approvals fell to 65,409. deposits increased by 6.5 billion pounds, the most.

Ellie Mae says the acquisition of MortgageCEO enhances Ellie Mae’s Encompass system. MortgageCEO’s ‘all-in-one’ CRM and marketing platform offers capabilities for lead management, sales automation, email marketing, builder and Realtor referral marketing, and mobile access of leads and contacts, according to Ellie Mae.

Ellie Mae (ELLI) has completed its acquisition of AllRegs in a deal that originally reported to be an all-cash transaction for $30 million. The deal was initially announced in August. “AllRegs has.

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–(BUSINESS WIRE)–Ellie Mae® (NYSE:ELLI), a leading provider of innovative on-demand software solutions and services for the residential mortgage industry, announced today that it has signed a.

PLEASANTON, Calif. – October 31, 2013 – Ellie Mae (NYSE: ELLI), a leading provider of enterprise level, on-demand automated solutions for the residential mortgage industry, announced today that it has signed a definitive agreement to acquire MortgageCEO, a leader in on-demand customer relationship management (CRM), and marketing automation solutions for the mortgage industry.

The investigation concerns whether the Ellie Mae board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and.

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