Ellie Mae recently announced that it has acquired Velocify, a cloud-based intelligent sales automation system, so that it can more quickly deliver a true digital mortgage solution to lenders of all sizes. Digital mortgages are reportedly a high priority for consumers who want faster mortgage application processing. A recent survey by Ellie Mae, for example,… Read more »
One in four U.S. properties that have a mortgage are now considered to be rich in home equity or “equity rich,” according to a report by ATTOM Data Solutions.What does this mean? A property is considered “equity rich” when the combined amount of all loans secured by the property is 50% or less of the… Read more »