|[July 08, 2014]
Ellie Mae Launches RESPA-TILA Readiness Initiative
PLEASANTON, Calif. --(Business Wire)--
Ellie Mae® (NYSE:ELLI), a leading provider of innovative
on-demand software solutions and services for the residential mortgage
industry, today announced a new RESPA-TILA Readiness Initiative that
includes a series of free webinars and a new online information hub of
free resources, Ellie Mae's Compliance
Central. The program is designed to educate mortgage professionals
on the new RESPA-TILA integrated disclosure rules and prepare lenders
for the challenges, risks and major workflow changes that will occur
when the rules take effect on August 1, 2015.
The first three free RESPA-TILA webinars will be held on July 9 and
July 10. More than 1,700 mortgage professionals have already signed up
for the first webinar on July 9, which is 'sold-out,' the Company said.
For more information and how to register for Ellie Mae's RESPA-TILA
webinars, please visit Ellie
Mae's Compliance Central.
The hour-long, interactive webinars will be led by Angela Cheek, Ellie
Mae's vice president and counsel of Product Compliance and John Haring,
Ellie Mae's compliance enablement manager, who is also a member of the
Mortgage Bankers Association's RESPA-TILA Forum. New webinars will be
offered monthly through August 2015 and will include outside legal and
compliance experts, as well as Ellie Mae compliance and product
In addition, Ellie Mae has launched Complince Central on EllieMae.com,
a one-stop shop for free resources to help mortgage professionals
understand the regulations and offer practical advice on how to get
ready for the new RESPA-TILA rules. Compliance Central includes eBooks,
whitepapers, articles and blogs. New RESPA-TILA resources will be added
"The new RESPA-TILA integrated disclosures, and the rules that accompany
them, will have a profound impact on technology, workflow and business
processes," said Angela Cheek, Ellie Mae's vice president and counsel of
Product Compliance. "Ellie Mae's RESPA-TILA readiness initiative will
help mortgage professionals prepare for the massive regulatory changes
ahead and, over time, will address how we will enhance our Encompass
mortgage management solution to incorporate the new forms and
regulations and ensure our clients are fully compliant."
This press release contains forward-looking statements under the safe
harbor provisions under The Private Securities Litigation Reform Act of
1995. These forward-looking statements include the features of Ellie
Mae's RESPA-TILA readiness initiative. Additional risks and
uncertainties related to the Ellie Mae's business are discussed in the
Company's Securities and Exchange Commission filings, including but not
limited to the Company's Annual Report on Form 10-K for the year ended
December 31, 2013. Unless otherwise required by applicable laws, the
Company undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
About Ellie Mae
Mae (NYSE:ELLI) is a leading provider of innovative on-demand
software solutions and services for the residential mortgage industry.
Ellie Mae's all-in-one Encompass®
mortgage management solution provides one system of record that allows
banks, credit unions and mortgage lenders to originate and fund
mortgages and improve compliance,
quality and efficiency. Visit EllieMae.com
or call 877.355.4362 to learn more.
© 2014 Ellie Mae, Inc. Ellie Mae®, Encompass®,
DataTrac®, Ellie Mae Network™ Total
Quality Loan™, TQL™ and the Ellie Mae logo are registered trademarks or
trademarks of Ellie Mae, Inc. or its subsidiaries. All rights reserved.
Other company and product names may be trademarks or copyrights of
their respective owners.
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