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Ellie Mae to buy Capsilon to deliver mortgage automation

Christian Fernsby ▼ | October 28, 2019
Ellie Mae announced that it has signed a definitive agreement to acquire Capsilon, a provider of automation software for mortgage lenders, investors, and servicers.
Ellie Mae
America   Ellie Mae is accelerating the vision of offering a fully digital mortgage
With the acquisition of Capsilon, Ellie Mae is accelerating the vision of offering a fully digital mortgage by combining Ellie Mae’s Encompass Digital Lending Platform with Capsilon’s AI-powered solutions to create the most comprehensive end-to-end SaaS solution for companies in the mortgage industry.

Topics: Ellie Mae Capsilon mortgage

The acquisition increases the productivity of mortgage lenders, investors and servicers by automating critical business processes to create massive efficiencies throughout the mortgage lifecycle.

Capsilon’s best-of-breed platform, Capsilon IQ, is used by companies across the mortgage industry, including six of the top 10 originators and servicers, to automate manual work and power their businesses with trusted data.

Additionally, the company recently introduced Capsilon Instant Underwriter, the mortgage industry’s first autonomous underwriting engine that leverages artificial intelligence, data extraction and process automation to complete underwriting tasks in seconds, with greater consistency, accuracy and less risk.