Ellie Mae, Inc. is a software company that processes almost a quarter of U.S. mortgage applications. The services are based on a software as a service model (SaaS) that streamlines and automates the process of originating and funding new mortgage loans and facilitating regulatory compliance. The company was founded in 1997 by Limin Hu and Sigmund Anderman and is headquartered in Pleasanton, California. In January 2014, Ellie Mae finally completed the acquisition of MortgageCEO(focusing on CRM). Also in January 2014, Ellie Mae completed the acquisition of ARG Interactive, LLC. In 2008 Ellie Mae acquired the assets of Online Document Systems Inc. from Stewart Lender Services Inc. Since 2008 it has acquired Mavent Inc. (2009), Del Mar DataTrac (2011), Mortgage Pricing Systems (2011), MortgageCEO (2013), and AllRegs, an Eagan, Minnesota-based information provider for the mortgage industry (2014). In September 2013, Ellie Mae introduced the updated mortgage-management system Encompass360 to help underwriters comply with the latest federal mortgage rules in 2014. This system features debt-to-income calculators, discount assessment, evaluating the loans quality.