Continuing Growth Reaffirms Status as Leader in Digital Lending Transformation and Management
November 15, 2018 — eOriginal today announced it was named to Deloitte’s Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America. eOriginal grew 266 percent during the three-year period. This is the second consecutive year eOriginal has been named to the Deloitte list.
“eOriginal’s continuing growth has been spurred by the rising adoption of technology throughout the lending industry, most notably in the recent year by leaders in the mortgage ecosystem,” said eOriginal CEO Brian Madocks. “We are extremely pleased to have won the confidence of major mortgage market participants including Fannie Mae, Quicken Loans, Wells Fargo Home Lending, MERSCORP and others. In addition to mortgage, we have seen growth across all verticals including auto finance, solar financing, marketplace lending, and more. These clients rely on eOriginal to create trusted digital assets that can be pledged, transferred, sold to investors, and securitized. We expect continued adoption and are pleased to be recognized by Deloitte for our work in this area.”
For its success in mortgage, eOriginal was also named to HousingWire’s 2018 HW TECH100™. When combined with the success in mortgage with its strong track record across the other lending industries, eOriginal is now positioned as central to digital lending transformation. Major financial institutions, leading law firms and credit ratings agencies have validated and rely on eOriginal as a trusted partner with the greatest depth of digital lending expertise to navigate and advise on industry best practices.
“Congratulations to the Deloitte 2018 Technology Fast 500 winners on this impressive achievement,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “These companies are innovators who have converted their disruptive ideas into products, services and experiences that can captivate new customers and drive remarkable growth.”
“Software, which accounts for nearly two of every three companies on the list, continues to produce some of the most exciting technologies of the 21st century, including innovations in artificial intelligence, predictive analytics and robotics,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and Industry Leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “This year’s ranking demonstrates what is likely a national phenomenon, where many companies from all parts of America are transforming the way we do business by combining breakthrough research and development, entrepreneurship and rapid growth.”
Overall, 2018 Technology Fast 500™ companies achieved revenue growth ranging from 143 percent to 77,260 percent from 2014 to 2017, with median growth of 412 percent.
About Deloitte’s 2018 Technology Fast 500™
Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2014 to 2017.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $50,000 USD, and current-year operating revenues of at least $5 million USD. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.
eOriginal guarantees trusted transactions of digital financial assets for all parties from the borrower to the secondary market. We do this by creating a ‘digital original’ document with all the legal and enforcement rights of a paper contract combined with the capital and operational efficiency of digitization. Our proven network provides certainty in how these digital assets are created and maintained, delivering the confidence, visibility and compliance lenders and buyers need. As a pioneer in the space, major financial institutions, leading law firms and credit ratings agencies have validated and rely on eOriginal as a trusted partner for digital lending transformation and management. For more information, visit www.eoriginal.com.
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