Ellie Mae (NYSE:ELLI), the leading cloud-based platform provider for the mortgage finance industry, today announced that Sig Anderman was given the Distinguished Career Award by the Executive Roundtable for Mortgage Finance. The award, inscribed with the phrase get people to share the dream, recognizes leaders who have made significant and lasting contributions to the mortgage finance industry. Previous recipients include FHA Commissioner Brian Montgomery, former Mortgage Bankers Association President David Stevens and former Radian CEO, S.A. Ibrahim.
The Executive Roundtable for Mortgage Finance brings together industry leaders to explore ways to significantly improve the effectiveness of key processes, technology and controls that underpin the origination and servicing of mortgages. The Roundtable includes participants from the Mortgage Bankers Association, HUD, CMG Financial, Wells Fargo, eOriginal, DocuSign, Docutech, Quicken Loans, Tavant, Santander Bank, Orrick, Roostify, First American Title, CoreLogic, SoFi, Ellie Mae and other notable companies and organizations in the industry.
The word legend gets tossed around in our industry from time to time. When it comes to Sig Anderman, he is very deserving of that title, said Christopher George, Chairman of the Mortgage Bankers Association and President, CMG Financial, who presented the award. Inspired by Sigs vision, Ellie Mae led the charge to automate the mortgage industry. Ellie Maes Encompass Digital Lending Platform is now used to process and fund 40% of all the mortgage loans originated in America. To achieve the level of impact in our industry that he has, and to do it with the grace and gratitude that Sig has, is nothing short of inspirational.
Anderman founded Ellie Mae in 1998 with the mission to automate everything automatable for the residential mortgage industry. We started the company to provide technology tools for mortgage originators and take the excessive costs, delays and stress out of the home-buying process for people making a significant and emotional purchase, said Anderman. We saw there was a lot of data and documents moving around and we realized there had to be a better way to move it with greater efficiency and accuracy, less work and fewer errors. We founded Ellie Mae to change the industry and we did just that. Today, our technology powers the American Dream of homeownership for people across the country.
By using Ellie Maes Encompass digital mortgage solution, lenders can originate more loans, reduce origination costs, and reduce the time to close, all while ensuring the highest levels of compliance, quality and efficiency. Additionally, Ellie Mae has the largest partner network in the industry who are directly integrated into the Encompass Digital Lending Platform “ making it a one stop shop for each unique customer. Ellie Mae also enables developers and users of Encompass to utilize APIs and customize solutions to meet their unique business needs. The advanced and customizable technology that Ellie Mae offers has become the standard for mortgage technology and continues to propel the digital mortgage industry forward.
Anderman has had a long history of success founding companies to benefit the mortgage and real estate industries. He started his career in 1975 when he co-founded American Home Shield, now the leading home warranty company in the country. After the sale of American Home Shield in 1982, he started CompuFund, designed to help realtors understand and arrange for mortgage financing using computer technology, coining the phrase Computerized Loan Originations or CLOs. In 1992, Anderman founded Inspectech, dedicated to automating and streamlining the home inspection business, which he sold just prior to founding Ellie Mae. Anderman remained CEO of Ellie Mae until 2015 when Jonathan Corr was named president and CEO. Anderman continues to serve as Chairman of the Board of Directors for Ellie Mae.
Upon retirement as CEO of Ellie Mae, Anderman shifted his focus to philanthropy, establishing the Anderman Family Fund, a philanthropic fund dedicated to environmental protection, social and economic justice, the arts and medical research. In 2016, he founded the Springboard Initiative, a nonprofit based in San Francisco providing youth in underserved communities with access to training and the opportunity to acquire skills that will allow them to move into higher paying jobs in the technology sector. The program also supplements the recruitment pipeline of technology start-ups and established brands across the Bay Area.
High tech companies in the San Francisco Bay Area and across the country need to adopt new ways to source talent for their organizations, said Anderman. The Springboard Initiative gives employers a unique opportunity to address their talent needs by introducing them to eager, bright candidates whose training can be tailored to specific job openings. This is a powerful way for companies to help individuals who would otherwise be left out of the job market.
About Ellie Mae
Ellie Mae (NYSE:ELLI) is the leading cloud-based platform provider for the mortgage finance industry. Ellie Maes technology solutions enable lenders to originate more loans, reduce origination costs, and shorten the time to close, all while ensuring the highest levels of compliance, quality and efficiency. Visit EllieMae.com or call 877.355.4362 to learn more.
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