- Ellie Mae streamlines and automates the mortgage origination market for ever more clients.
- The company has a habit of beating estimates and increasing guidance, and it didn’t disappoint in Q3.
- The shares sold off nevertheless, probably on interest rate worries. These are overdone, in our view, and the sell-off provides an opportunity.
Source: Ellie Mae Does It Again – Ellie Mae, Inc. (NYSE:ELLI) | Seeking Alpha