Ellie Mae has given its digital lending platform Encompass a major update. According to the company's CEO and president Jonathan Corr, the new features will help Ellie Mae's mortgage lender customers originate a greater number of loans, reduce origination costs, compress closing times and meet regulation requirements.
"With this new release we're offering multi-channel opportunities for growth with innovation to help lenders engage with more homebuyers, capitalize on the growing HELOC demand and boost loan acquisition productivity and efficiencies for correspondent and wholesale channels," stated Corr when announcing the upgrade.
Among the major new features included in this recent update are expanded support for HELOC origination, correspondent investor and wholesale lending enhancements, additional Americans with Disabilities Act (ADA) capabilities within the platform’s Consumer Connect function, and new borrower widgets that streamline the process for customers.
In Corr’s tenure as Ellie Mae’s chief executive officer, he has garnered praise for his leadership. He has led the company to significantly increase its revenue and has spearheaded a number of key acquisitions, including sales acceleration platform Velocify in 2017.
Corr is equally popular with his employees. In 2018, he won a Glassdoor Employees’ Choice Award as one of the top CEOs of the year. The award was given in recognition of his 96 percent employee approval rating based on voluntary, anonymous reviews from Ellie Mae’s employees.
Corr has been with Ellie Mae since October 2002, when he joined the SaaS provider as senior vice president of product management. He was promoted to chief strategy officer in 2009 and to executive vice president in 2011 before assuming the chief operating officer position in 2011. Corr has been Ellie Mae's president since 2013 and chief operating officer since 2015, and he has held a board seat since February 2015.
Prior to joining Ellie Mae, Corr held a variety of executive and management positions at Netscape Communications Corporation, PeopleSoft, Inc., KANA, BroadBase Software and Rubric. Corr received his BS in engineering from Columbia University and his MBA degree from Stanford University.