Mortgage News

Ellie Mae announces layoffs of 10% of its staff

mortgage technology company ellie mae, which was recently bought by private equity investor Thoma Bravo, underwent restructuring and reduced its staff by 10%. Based on prior public filings, the company eliminated approximately 160 positions.

Ellie Mae recently completed restructuring its team after its acquisition by Thoma Bravo, a restructuring that includes the layoff of about 10% of its staff. "Last week we completed a restructuring of our team so that we can ensure Ellie Mae will continue to grow and achieve our goal of automating the residential real estate finance industry.

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Ellie Mae announces layoffs of 10% of its staff | 2019-05-20. ellie mae lays off 10% of its staff after recent acquisition. root-May 17, 2019. 0. Real Estate. FHFA announces senior staff appointments. root-May 13, 2019. 0. Newspaper is your news, entertainment, music fashion website.

Employee expenses were $10.3 million higher in 2018 than 2017, because of the additional headcount, the SEC filing said. In the fourth quarter of 2018, Ellie Mae reported net income of $84,000, compared with $12.4 million in the third quarter of 2018 and $9.9 million in the fourth quarter of 2017.

Ellie Mae lays off 10% of the staff after new acquisition May 17, 2019 RSS FEED No comments Mortgage record association ellie mae, that was recently bought by private equity financier Thoma Bravo, underwent restructuring and reduced a staff by 10%.

The decrease from the prior quarter was primarily due to the effect of previously announced staff reductions that occurred during the first quarter 2014. In the last year, the lender outsourced its.

Three months after it announced its sale to a private equity firm and went private, mortgage software giant Ellie Mae is laying off 10% of its staff. Ellie Mae Lays Off 10% of its Staff | 2019-05-21 | Inside Mortgage Finance

Castle Rock Colorado Mortgage | denverhomelender – Ellie Mae announces layoffs of 10% of its staff May 20, 2019 Calabria: Ending the net worth sweep is step one of GSE reform, IPOs are an option May 20, 2019 Fannie Mae and Freddie Mac are refinancing fewer mortgages than at any point since the crisis May 20, 2019

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DETROIT – Ford revealed details of its long-awaited restructuring. In November, General Motors announced it would shed up to 14,000 workers as it cut expenses to prepare for a shift to electric and.

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