St. Louis software firm Mortgage Returns bought by California company

Ellie Mae, a California software company that processes mortgage applications, has acquired Mortgage Returns, a St. Louis-based firm that makes contact management software for the mortgage industry.

Terms of the deal, which is expected to close by year’s end, were not disclosed.

Mortgage Returns was founded in 2004 as a database manager. The company has grown to employ about 50 people at its Brentwood headquarters.

The company grew 104 percent, to $6 million in revenue, between 2011 and 2014. It has been billed as one of ITEN’s most successful startups in recent years.

Read more from the St. Louis Business Journal


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