Pleasanton, California-based Ellie Mae, a cloud-based platform provider for the mortgage finance industry, has announced that Dan Madden will be joining the company as chief financial officer (CFO) and executive vice president effective December 20, 2018. Madden will be reporting to Ellie Mae’s President and CEO Jonathan Corr.
Madden is currently the chief financial officer for Revel Systems, which is a cloud-based POS platform where he heads up the organization’s finance team. Before joining Revel, Madden was the chief financial officer at Cepheid, a major molecular diagnostics company. And he was also a VP of Finance & Corporate Controller at Symmetricom and held financial leadership positions at Sonic Solutions, Advanced Fibre Communications, and McKesson. After graduating from California State University, Sacramento with a bachelor of science in Business Administration, Madden had started his career at Ernst & Young.
“Ellie Mae is leading the industry as we drive toward our mission of providing the true digital mortgage to lenders of all sizes,” said Corr in a statement. “Dan’s extensive financial, operational and strategic experience coupled with his knowledge of technology and SaaS businesses will be a huge asset to Ellie Mae as we continue to grow. We look forward to having Dan’s leadership and expertise on our team.”
The Ellie Mae digital mortgage solution enables banks, credit unions, and mortgage lenders to originate more loans, lower the origination costs, and reduce the time to close while ensuring high levels of compliance and efficiency.
Currently, Ellie Mae serves more than 2,500 lenders and mortgage brokers who originate approximately 35% of all residential mortgages and over 26 million transactions per month.
“I am excited to join Ellie Mae at such a pivotal time for the company,” added Madden. “Ellie Mae has been an industry leader for two decades and I’m thrilled to join the seasoned team as we continue on the path together toward transforming the mortgage industry.”