$3 AVMs Available to Ellie Mae Customers Through Alliance With First American Real Estate Solutions.

Business Editors

PLEASANTON, Calif.--(BUSINESS WIRE)--Feb. 19, 2002

AVMs accessible to all ePASS(R) customers at a reduced rate

Ellie Mae(R) Inc., the leading provider of Internet and supply chain solutions for the mortgage industry, and First American Real Estate Solutions, a division of The First American Corporation (NYSE: FAF), the nation's leading diversified provider of business information and related products and services, announced $3 Automated Valuation Models (AVM) are now available to their customers through Ellie Mae's ePASS Business Center.

AVMs are ideal for mortgage quality control programs, second mortgage and refinance lending and portfolio valuation. Using available data, each model gives brokers an estimate of market value with supporting information. The models employ commonly accepted valuation methods and process high-quality data collected by First American Real Estate Solutions.

"By creating the ePASS portal Ellie Mae has brought unprecedented efficiencies to the mortgage industry," said George Livermore, president of First American Real Estate Solutions. "This in turn has enabled First American Real Estate Solutions to offer mortgage brokers the highest quality automated valuation models at a price previously only available through large national lenders."

First American AVMs are now available at the reduced cost of $3 through Ellie Mae's ePASS. Users can simply visit the ePASS home page to access First American Real Estate Solutions' AVM offering. The $3 AVM is priced on a per-click basis with no annual commitments and no usage minimums. First American Real Estate Solutions enables Ellie Mae users to pre-qualify borrowers with the same AVM used by 18 of the top 20 lenders nationwide.

"Ellie Mae's partnership with First American Real Estate Solutions is just another example of Ellie Mae's commitment to providing lenders, brokers and originators with a streamlined network of mortgage industry solutions," said Sig Anderman, CEO of Ellie Mae. "First American Real Estate Solutions $3 AVMs enable Ellie Mae to make available to our customers a premier product at a price that is unmatched throughout the industry."

About The First American Corporation

The First American Corporation, based in Santa Ana, Calif., is the nation's leading, diversified provider of business information and related products and services. The corporation's three primary business segments include: title information and services; real estate information and services, which includes mortgage information services and database information and services; and consumer information and services, which provides automotive, subprime and direct-to-consumer credit reporting; direct-to-consumer public records reporting; resident screening; pre-employment screening; automobile title administration; property and automotive insurance tracking services; property and casualty insurance; home warranties; investment advisory; and trust and banking services. Information about the company and an archive of its press releases can be found on the Internet at www.firstam.com.

About Ellie Mae

Ellie Mae Inc., headquartered in Pleasanton, Calif., is the leading Internet enabler for mortgage originators and the largest Loan Origination Software (LOS) provider in the United States. Offering brokers the ePASS(R) Business Center (electronic Processing And Submission System), a supply chain, e-commerce platform, as well as customized Web sites, hosting services and LOS packages, Ellie Mae enables mortgage originators to harness the power of the Internet. For additional information, visit www.elliemae.com or call [phone].