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Ellie Mae acquires Lasso Technologies, launches Encompass Anywhere.(Lasso Technologies)(Brief Article)
Mortgage Banking
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June 1, 2005
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COPYRIGHT 2005 Mortgage Bankers Association of America. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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ELLIE MAE INC., DUBLIN, CALIFORNIA, HAS acquired Lasso Technologies, Royal Oak, Michigan, a developer of Web-enablement solutions that provides hosting solutions to mortgage loan origination systems (LOSes). The terms and the amount of the acquisition were not disclosed.
In addition, Ellie Mae is launching Encompass[R] Anywhere, a new hosted solution of its flagship loan origination and management system used by more than 30,000 mortgage professionals.
The acquisition of Lasso will allow Ellie Mae customers a single source ...
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