September Origination Insight Report from Ellie Mae Sees Percentage of Closed Purchase Loans Increase

PLEASANTON, Calif.--(BUSINESS WIRE)--The percentage of closed purchase loans increased in September to 71 percent of total loans according to the Origination Insight Report from Ellie Mae® (NYSE:ELLI), the leading cloud-based platform provider for the mortgage finance industry. Closed refinances represented 29 percent of total closed loans, returning to the July average.