- Ellie Mae (NYSE:ELLI +0.1%) is acquiring Mortgage Returns, a provider of CRM and marketing automation software for the mortgage industry, for an undisclosed sum.
- Mortgage Returns claims 200+ mortgage companies and banks as clients for its offerings, which rely on a proprietary database management system. Ellie Mae argues Mortgage Returns complements its existing mortgage loan origination and sales/marketing products. CEO Jonathan Corr: "This acquisition enhances our marketing platform and furthers our mission of automating the entire end-to-end mortgage process for our customers."
- More details will be shared when Ellie Mae's Q3 report (due on Oct. 28) arrives.