M&A Deal Summary

Ellie Mae Acquires Mortgage Resource Center

On October 1, 2014, Ellie Mae acquired business services company Mortgage Resource Center

Acquisition Highlights
  • This is Ellie Mae’s 1st transaction in the Business Services sector.
  • This is Ellie Mae’s 3rd transaction in the United States.
  • This is Ellie Mae’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2014-10-01
Target Mortgage Resource Center
Sector Business Services
Buyer(s) Ellie Mae
Deal Type Add-on Acquisition
Advisor(s) Berkery, Noyes & Co. (Financial)

Target

Mortgage Resource Center

Eagan, Minnesota, United States
Mortgage Resource Center, Inc. (dba AllRegs) is a electronic publisher of underwriting and loan product guidelines for Fannie Mae, Freddie Mac, Wells Fargo Home Mortgage, Citigroup, JPMorgan Chase, the Federal Home Loan Bank of Chicago, U.S. Bank Home Mortgage and Flagstar Bank, N.A.

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Buyer(S) 1

Buyer

Ellie Mae

Pleasanton, California, United States
Category Company
Founded 1997
Sector Software
Employees1,550
Revenue 417M USD (2017)
DESCRIPTION

Ellie Mae automates and digitizes the trillion-dollar residential mortgage industry. Through its Digital Lending Platform, Ellie Mae provides technology services to all participants in the mortgage supply chain, including its over 3,000 customers and thousands of partners and investors participating in the open networks who provide liquidity to the market. Lenders rely on Ellie Mae to securely manage and facilitate the exchange of data across the ecosystem to enable the origination of mortgages while maintaining strict adherence to various local, state, and federal compliance requirements. Ellie Mae was formed in 1997 and is based in Pleasanton, California.

DEAL STATS #
Overall 3 of 6
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 4
State (Minnesota) 1 of 1
Country (United States) 3 of 6
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-15 Del Mar DataTrac

San Diego, California, United States

DMD offers a scalable workflow platform that enables lending best practices by leveraging DataTrac as the back-office hub along with a sophisticated point-of-sale system, a web-based originator portal, and a management dashboard – all in a paperless environment. The DataTrac Suite is designed by mortgage lenders for mortgage lenders who strive to deliver extraordinary customer service, increase production and profitability, reduce risk, and streamline overall efficiency.

Buy $25M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-14 Mortgage Returns

Saint Louis, Montana, United States

Mortgage Returns LLC is a provider of on-demand customer relationship management (CRM), and marketing automation solutions for the mortgage industry.

Buy -
Mergr

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