Tag Archives: ellie mae

Refinances Rise to 40% of Total Loans

Closing rates increased across the board with closing rates on all loans increasing from 70.9 percent to 71.2 percent By Jeff Sorg, OnlineEd Blog (January 18, 2018) (PLEASANTON, Calif.) Ellie Mae – The percentage of refinances rose to 40 percent of all closed loans, up 1 percent from the month prior according to the December Origination Insight Report from Ellie […]

Days to Close Shortest in Nearly a Year

Overall time to close a loan drops to 44 days in February, with Decreased days to close across all loan types By Jeff Sorg, OnlineEd Blog (April 21, 2017)  PLEASANTON, Calif. –  In February, time to close all loans for Millennial borrowers decreased to 44 days, the shortest average time to close since March 2016, […]