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Craig Davis Joins Ellie Mae Board of Directors; Mortgage Industry Leader to Provide Insight to Ellie Mae's Growth Initiatives.


Business Editors

DUBLIN, Calif.--(BUSINESS WIRE)--Jan. 8, 2004

Ellie Mae, Inc., the leading provider of desktop and Web-enabled productivity technology for the mortgage industry, today announced that Craig S. Davis has joined the company's board of directors.

Davis brings more than 25 years of senior management experience in the mortgage and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 industry to Ellie Mae. For the past seven years, Davis served as president of the Home Loans and Insurance Services Group for Washington Mutual “WaMu” redirects here. For the Washington, DC radio station, see WAMU.

Washington Mutual (or WaMu; NYSE: WM) is the United States' largest savings and loan association.
, directing its growth in becoming a leading mortgage banking operation in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Prior to Washington Mutual, Davis served as executive vice president managing mortgage origination channels for American Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest.  and financial services for Home Savings of America.

Davis has also served on several key industry and civic boards and councils including the Mortgage Bankers Association Real Estate Board of Governors, Fannie Mae's National Advisory Council, the Seattle World Trade Center, Local Initiatives Support Corporation (LISC LISC Local Initiatives Support Corporation (New York, NY)
LISC Little Illini Soccer Club (Champaign-Urbana, Illinois)
LISC Long Island Subaru Club
LISC Laboratory for Intelligent Systems and Controls
) and the Seattle Repertory Theatre This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.
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.

At Ellie Mae, Davis will play a critical role as a member of the board of directors.

"We are proud to welcome Craig to our team," said Sig Anderman, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  for Ellie Mae. "Craig's vision and leadership in bringing Washington Mutual to the premier position in our industry is unprecedented. His perspective and talent will be invaluable as we enter our critical next phase in leveraging state-of-the-art technology for mortgage brokers, lenders and service providers."

" The opportunity to join the board at Ellie Mae is an exciting one," said Davis. "With its industry-leading ePASS(R) technology, the Encompass(TM) mortgage management system, unparalleled commitment to customer service, and singular focus on improving the mortgage process for all parties, Ellie Mae is strategically positioned to help the mortgage industry leverage the benefits of the Internet and technology while improving the profitability of mortgage stakeholders Stakeholders

All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government.
."

About Ellie Mae, Inc.

Dublin, California-based Ellie Mae, Inc., is the leading provider of desktop and Web-enabled mortgage-industry productivity technology that automates the loan-origination process from lead to close. In October 2003, Ellie Mae introduced Encompass, the first enterprise-level mortgage management system, with individual loan officer, processor and broker workspaces in a single, secure, scalable system. Ellie Mae's ePASS Web-transaction portal is the industry standard, connecting more than 30,000 third-party mortgage origination companies to more than 250 wholesale lenders and 90,000 settlement service providers-enabling them to eliminate redundant work, close loans faster, and reduce loan-origination costs. Ellie Mae products also include Executive Web Sites for automated lead generation and marketing, Contour and Genesis loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 software, and Ellie Mae Docs for speedy, error-free electronic closing documentation. To learn more about Ellie Mae, call 888.955.9100 or visit www.elliemae.com.

Ellie Mae(R), ePASS(R), Encompass(TM), Contour(TM), Genesis(TM), Executive Web Sites(TM), Ellie Mae Docs(TM) are the sole property of Ellie Mae, Inc.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jan 8, 2004
Words:476
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