ELLI (US28849P1003)
Ellie Mae) is a provider of on-demand software solutions and services for the residential mortgage industry in the United States. The Company's Encompass all-in-one mortgage management solution provides one system of record that allows banks, credit unions, and mortgage lenders to originate and fund mortgages and improve compliance, loan quality, and efficiency.
Average yearly return: 48%
Yield: N/A
Outperformer
Ellie Mae) is a provider of on-demand software solutions and services for the residential mortgage industry in the United States. The Company's Encompass all-in-one mortgage management solution provides one system of record that allows banks, credit unions, and mortgage lenders to originate and fund mortgages and improve compliance, loan quality, and efficiency.
Market: NYSE
Fair value: $ 110
Discount: 10%
Average yearly return: 48%
Yield: N/A
Outperformer
In Freddie Mac's latest forecast, the economists projected the 30-year fixed mortgage rate to trend upward from an average of 3.5% in Q3 2016 to 3.9% by Q4 2017. In turn, they estimated refinancing share as a percent of originations to decline to a 36% average next year from an expected 50% this year.
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