MReport March 2018

TheMReport — News and strategies for the evolving mortgage marketplace.

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4 | TH E M R EP O RT MTECH Talking Technology From looking at opportunities and challenges to using fintech for growth, here's what the industry has experienced in terms of technology. Ellie Mae Passes New Milestones FROM PARTNERING WITH COCC TO WELCOMING ITS 1,500TH EMPLOYEE, ELLIE MAE HAS HAD A PRODUCTIVE MONTH. E llie Mae, the California- headquartered cloud-based platform provider for the mortgage finance industry, an- nounced that it has passed the 1,500-employee milestone. "Ellie Mae is thrilled to wel- come our 1,500th teammate," said Jonathan Corr, Ellie Mae President and CEO. "And as we celebrate the 20th anniversary of our company, we continue to work together on our mission to provide a truly digital mortgage that auto - mates everything automatable in the residential mortgage industry. "With Ellie Mae's innovative technology and our connected community of customers, partners and dedicated employees, more people are able to achieve the American Dream of homeowner- ship." Ellie Mae has nine offices across the United States, includ- ing the company's headquarters in Pleasanton, California. In 2017, Ellie Mae opened its Innovation Center to house the company's growing technology and product employees. In the same week, Ellie Mae an- nounced that financial technology company COCC had entered into a partner agreement to provide the Encompass all-in-one mortgage management solution to members of the COCC cooperative. Ellie Mae's Encompass all- in-one mortgage management solution offers a digital mortgage experience covering the entire loan lifecycle so lenders can origi- nate more loans, lower origination costs, and reduce time to close. Ellie Mae's connected commu- nity includes 230,000 users and thousands of service providers. Its network processes millions of transactions every month, touch- ing approximately 30 percent of the residential loans originated in the U.S. "Through this partnership, COCC will provide Ellie Mae's Encompass solution to our clients to help give them more control with functions and applications that improve efficiency, enhance quality and ensure compliance," said Matt L'Heureux, SVP and Chief Product Officer, COCC. Launched in 1967, COCC was founded by its clients. COCC, one of the fastest growing financial data processing companies in the country, delivers innovation and quality service to banks and credit unions. First Foundation Bank Partners With Fiserv for Digital Solutions THE BANK WILL CONTINUE USING FISERV'S PRECISION CORE ACCOUNT PROCESSING PLATFORM. F iserv, Inc., a global pro- vider of financial services technology solutions, has announced that First Founda- tion Bank, based in Irvine, California, has extended and expanded its relationship with Fiserv to meet the growing technological needs of its diverse customer base. First Founda- tion Bank is a subsidiary of First Foundation Inc., a financial

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