Ellie Mae’s latest Origination Insight Report found that the percentage of refinance loans increased in September as interest rates dropped to their lowest levels of 2017.
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Ellie: Refinances rise as rates dip
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Industry News
Thursday, October 26, 2017
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Ellie Mae’s latest Origination Insight Report found that the percentage of refinance loans increased in September as interest rates dropped to their lowest levels of 2017.
Ellie Mae President and CEO Jonathan Corr attributed the accompanying decrease in the average time needed to close refinance loans to lenders leveraging technology.
Read on for more details from Ellie Mae’s report, including information on the shortest closing time for refinances seen in more than two years.
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