Jonathan Corr
Chief Executive Officer and President of Ellie Mae, Inc.
Mr. Corr serves as the Chief Executive Officer and President of Ellie Mae. Before he became CEO and President, Jonathan served as the Chief Strategy Officer and Executive Vice President of Business Development and Product Strategy for Ellie Mae. He is recognized for his mortgage industry expertise and technology knowledge and has served in management positions for PeopleSoft, Inc., Netscape Communications Corporation and Kana/Broadbase Software/Ruberic.
From Jonathan Corr
We give the industry insight about what is doing on across different MSAs across the country.
There’s a lot of folks that are attacking the ‘Interest to Application’ segment, that front end of the process. It’s exciting to see all the innovation and focus on that initial customer experience and leveraging technologies that are out there: Instant asset and deposit data; income verification. That’s going to create a better experience for the consumer.
CEOs throw bodies at it. And that is what has increased the cost dramatically. Lenders have to fill the holes and the leaks with human spackle. You know there’s no reason to have all that human spackle and that cost and that inefficiency– that adds to the timeline.
We’re working on our NextGen solution and we’re going increase workflow automation and data and intelligence to save vast amounts of cost and inefficiency. The beneficiary of that is going to be the consumer—closing a loan is going to take a lot less time, a lot less cost.
If you are building in quality from the beginning, you’re going to have that much less rework as you get further into the process. You’re going to lower your costs.”
We’re working on our NextGen solution and we’re going increase workflow automation and data and intelligence to save vast amounts of cost and inefficiency. The beneficiary of that is going to be the consumer—closing a loan is going to take a lot less time, a lot less cost.
About Jonathan Corr
Recognizing the value of data is at the heart of Jonathan Corr’s maverick approach to mortgage banking. He and the team at Ellie Mae have worked expansively on ways to democratize data within a lender and deliver complete granularity. By providing a “backbone” for lender’s data, Corr sees a way forward and away from the currently over-complex processes in mortgage banking. Best case scenarios involve lenders leveraging tech solutions after optimizing workflow from the back end forward; after all, Corr believes, even the most transformative tech can only do so much for out-of-date processes. Streamlining the process overall in tandem with innovative FinTech will only benefit the consumer in the end, Corr believes, resulting in increased customer satisfaction in a time when consumers are confused by an overly long and complex mortgage process.
