Today, we're excited to announce our new partnership with Ellie Mae, one of the most established and forward-thinking mortgage companies in the United States. Through this partnership, we'll initially help digitize a historically manual element of the mortgage application process. Our new partnership integrates Plaid into Ellie Mae's Encompass Consumer Connect solution as an asset verification provider, so that lenders on the platform can now offer their borrowers the option to digitally verify assets via Plaid in real time instead of manually submitting paper bank statements. (The average mortgage process today requires roughly 500 pages of paperwork and takes 30+ days to complete!)