Booming Business Forces Ellie Mae to Acquire Larger Corporate Offices.

DUBLIN, Calif.--(BUSINESS WIRE)--Aug. 30, 1999--

Electronic Mortgage Affiliates Inc. (Ellie Mae), one of the Internet's fastest growing companies, has moved its corporate headquarters from Danville, Calif., to much larger facilities at 6541 Regional St., Dublin, in order to meet the unprecedented demand by mortgage brokers for its proprietary e-commerce solutions.

Ellie Mae creates and maintains customized, state-of-the-art interactive Web sites for mortgage brokers, enabling them to compete successfully with deep-pocketed mortgage bankers in the exploding electronic-mortgage-banking business.

The new Dublin offices are approximately three times larger than the Danville offices at 390 Diablo Rd., occupied by Ellie Mae since it began operations last January. Sixty employees are now based in the corporate offices, and new employees are being added weekly.

"We were bursting at the seams with new business demands," said Sig Anderman, Ellie Mae chief executive. "We had no choice but to acquire larger quarters. Mortgage brokers throughout the country are knocking on our doors.

"We now have more than 300 mortgage brokers and more than 1,000 loan officers online, and are adding more every week. Our member lenders are originating a billion dollars' worth of loans each month, and 15,000 homeowners and home buyers, motivated by our mortgage- broker members and their Realtor(R) affiliates, are visiting Ellie Mae Web sites every business day."

Anderman noted that the company's projected growth will require additional space after Jan. 1, and that this space already has been reserved in the Regional Street facilities.

Ellie Mae licenses the use of its rich ClickLoan technology to power professional, affordable, interactive Web sites, complete with online, real-time rates, loan shopping and comparison programs from a large selection of leading national wholesale lenders.