January Origination Insight Report from Ellie Mae Shows Refinances Represented 35 Percent of All Closed Loans

PLEASANTON, Calif.--(BUSINESS WIRE)--According to the January Origination Insight Report from Ellie Mae® (NYSE:ELLI), the leading cloud-based platform provider for the mortgage finance industry, the percentage of refinances increased to 35 percent in January, up from 29 percent in December of 2018. FHA refinances increased to 21 percent in January, up from 18 percent the month prior and Conventional refinances increased to 35 percent, up from 31 percent the month prior.