Ellie Mae: Purchase loans lagging in 2015

first_imgby: David MorrisonThe proportion of mortgages made to borrowers purchasing property versus refinancing existing loans jumped 6% in May 2015, but still lagged compared to where it had been in May 2014, according to mortgage software firm Ellie Mae.The company’s Origination Insight Report for May 2015 revealed 58% of mortgages originated by lenders using its Encompass mortgage origination platform went to borrowers buying property, while 42% went to borrowers refinancing previously existing loans. continue reading » 5SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more