Ellie Mae is moving its infrastructure to Amazon Web Services’ (AWS) cloud to rebuild its core applications and create new digital products for homebuyers, reports Antony Peyton of Fintech Futures (Finovate’s sister publication).
The firm will use the “breadth and depth” of AWS services, including compute, storage, database, serverless, and containers, for the loan process for its customers and partners. Ellie Mae built a company-wide data lake on AWS using Amazon Simple Storage Service (Amazon S3) for digital lending.
Satheesh Ravala, SVP, cloud engineering and operations at Ellie Mae, said, “AWS gives us an unmatched set of cloud services and a highly reliable infrastructure to work with.”
The company uses AWS Lambda to run code without provisioning or managing servers, Elastic Container Service for Containers to develop micro services, and Amazon Simple Queue Service (Amazon SQS) to decouple and scale microservices, distributed systems, and serverless applications on AWS.
AWS states that it offers over 125 services for compute, storage, databases, networking, analytics, machine learning and artificial intelligence (AI), internet of things (IoT), mobile, security, hybrid, virtual and augmented reality (VR and AR), media, and application development, deployment, and management within 19 regions around the world. These include the U.S., Australia, Brazil, Canada, China, France, Germany, India, Ireland, Japan, Korea, Singapore, and the U.K.
Founded in 1997, Ellie Mae demonstrated Encompass Consumer Connect at FinovateSpring 2017. The online lead generation tool turns consumer interest into a mortgage application by letting the borrower complete an application, provide and receive information, and order services from a single platform. During the demo, presenter Jonas Moe, SVP of Market Strategy, demonstrated the company’s API by showing off an Alexa integration with Encompass Plus– asking questions such as, “What loans have rate lock expirations this week?” and “Search for a better rate.” Ellie Mae is headquartered in California. Jonathan Corr is president and CEO.
Last month, the company teamed up with fellow Finovate alum Roostify, creating a bi-directional integration between the two firms to increase efficiencies in the mortgage application process. In August, Ellie Mae partnered with First Data to enhance security of lending payments.