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Home » Store » Technology » Ellie Mae Won’t Compensate Lenders for Snafu

Ellie Mae Won’t Compensate Lenders for Snafu

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Technology

Product Details

Technology vendor Ellie Mae will not compensate its mortgage customers for the recent shutdown of its loan origination software platform, which delayed closings nationwide, according to customers affected by the situation. But that doesn't mean the problem won’t cost Ellie Mae any money. During an earnings call this week, company executives said the firm will accelerate spending on technology upgrades, estimating that its total capital expenditures this year will range between ...
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