Ellie Mae Acquires Mortgage Returns For CRM, Automation Functionality

Posted by Patrick Barnard on October 15, 2015 No Comments
Categories : Residential Mortgage

Mortgage software provider Ellie Mae has acquired Mortgage Returns, a St. Louis-based database management, automated marketing and customer relationship management (CRM) provider, to enhance Encompass' offerings.

Mortgage Returns provides a database-driven automated marketing solution that will help originators to maximize profitability. Through the TRUE CRM system, the company enables compliant and automated one-to-one marketing solutions.

‘Mortgage Returns was founded to help mortgage originators improve their results through a truly automated solution, and today, they serve nearly 200 financial institutions,’ says Jonathan Corr, president and CEO of Ellie Mae. ‘This acquisition enhances our marketing platform and furthers our mission of automating the entire end-to-end mortgage process for our customers.’

Ellie Mae says the transaction is expected to close in the fourth quarter. Additional details will be provided in the company's third-quarter results report.

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