|A technology company that claims to touch one-in-five home loans originated in the country has announced that it now has a new Ivy League president.
Ellie Mae is well known in real estate finance for its loan origination system and its management software system.
The Pleasanton, Calif.-based firm says that around 20 percent of all U.S. mortgage originations during 2012 were run through its Encompass360 system.
On Thursday, Ellie announced that Jonathan Corr was promoted to president of the company.
Corr, 45, will retain his chief operating officer title, which he acquired in 2011 after serving as chief strategy officer. He will also continue to report to Ellie’s former president and current chief executive officer and chairman, Sigmund Anderman.
Before joining Ellie 11 years earlier, Corr worked at PeopleSoft Inc., Netscape Communications Corp. and Kana Software.
He has a Bachelor of Science degree in engineering from Columbia University and a master of business administration degree from Stanford University.
“It’s hardly a secret that Jonathan has played a central role in Ellie Mae’s growth,” Anderman said in the news release. “He was our ‘point man’ in the concept and creation of Encompass, a strong advocate for our software-as-a-service strategy, and he’s worked closely with me to complete and successfully integrate our major acquisitions, including DataTrac and Mavent. Since our successful initial public offering in 2011, he has also been heavily involved in our investor relations program.”
Anderman added that Corr and Ellie Mae Chief Financial Officer Ed Luce will handle the day-to-day management of the mortgage service provider — allowing him to focus on long-term growth strategy, new corporate and client initiatives, and potential acquisitions.
Ellie Mae photo of Jonathan Corr
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