Ellie Mae, a cloud-based platform provider for the mortgage finance industry, agreed to acquire Capsilon, a provider of AI-powered mortgage automation software for mortgage lenders, investors and servicers. Financial terms were not disclosed. “The team at Capsilon has built the leading AI-powered platform that is changing the economics of the industry by enabling mortgage lenders and servicers to significantly increase profitability on each loan. By joining forces with Ellie Mae, we are excited to extend our capabilities and deliver unprecedented functionality through deep integrations with the Encompass Digital Lending Platform. This will help lenders leverage automation from consumer engagement through investor delivery and servicing. We believe this combination will offer value to all of our customers and integration partners, regardless of LOS or servicing platform,” Sanjeev Malaney, Capsilon CEO and Founder.