It’s no secret that mortgage technology providers Calyx Software and Ellie Mae are fierce competitors. It’s not uncommon for the two vendors to battle for the same lenders’ loan origination system business and the two companies have a long and complicated history, including a copyright infringement lawsuit filed by Calyx that settled out of court by
So when each company recently purchased a product and pricing engine vendor—
“That will be a function of Calyx Point,” Jonathan Corr, Ellie Mae’s chief strategy officer, told Mortgage Technology in a January interview about the MPS acquisition. “It’s totally their decision. I have every intention of operating with all customers, but my hands are tied when it comes to certain vendors and it depends on their decision.”
Both Ellie and Calyx have companion platforms—which technologists call a collaborative network services platform—that connect myriad third-party mortgage fulfillment and underwriting software products to their respective LOS. Prior to the acquisitions, Loan-Score had an interface to Encompass360 through the Ellie Mae Network and LEAP was accessible to Point users through the Calyx Network.
It’s been three months and both the Loan-Score interface with the Ellie Mae Network and Encompass Product and Pricing Service (LEAP’s new brand) into the Calyx Network are still up and running, sources told Mortgage Technology this week. The companies were even rumored to have had a face-to-face meeting during the Mortgage Bankers Association’s National Technology in Mortgage Banking conference this week in Hollywood, Fla.
