Ellie Mae Unveils Encompass Mortgage Management System.

Business Editors

DUBLIN, Calif.--(BUSINESS WIRE)--Oct. 1, 2003

Revolutionary Application for Third-Party Originators

Integrates Loan Origination Software with Vital Contact

and Broker Management Tools

Ellie Mae, Inc., the leading provider of desktop and Web-enabled productivity solutions and software for the mortgage industry, today announced that Encompass(TM), a new enterprise-level solution that integrates loan origination software (LOS) with tools and solutions customized to meet the individual needs of the loan officer, processor and mortgage broker, will be available to all mortgage professionals beginning in mid-November. Encompass is the first solution to combine these elements of the mortgage origination process into one compliant, secure and seamless integrated application.

What Encompass provides:

-- Three tailored interfaces - one for loan officers, one for

processors and one for brokers

-- Integrated contact management, marketing and pre-qualification

tools

-- Easy-to-use, intuitive, complete LOS functionality

-- Individual and management-level loan pipeline views

-- Management reporting capabilities

-- Seamless desktop and state-of-the-art, Web-enabled environment

-- Full integration with Ellie Mae's ePASS(R), providing

regulatory compliance with Gramm-Leach-Bliley safeguards by

employing secure transmission of consumer data between brokers

and their lenders and settlement service providers

-- Simple, three-click loan file import tool to replicate files

from Calyx(R) Point(R)

Encompass also provides brokers, loan officers and processors with a critical collaboration, management and monitoring tool to assist in managing loans by identifying and reporting milestones, alerts and logs. Ellie Mae built Encompass using a technology platform featuring XML, .NET framework, Microsoft (MS) SQL Server(TM) and HTML forms support. The new application is designed in accordance with Mortgage Industry Standards and Maintenance Organization's (MISMO) guidelines, Internet Protocol Standards and an open scalable architecture that is capable of expansion according to each individual and company's needs.

"Encompass reflects an investment of 18 months and 40,000 hours of research and development to build a totally 'from the ground up' system based on how a mortgage origination operation really works," said Sig Anderman, chairman and CEO of Ellie Mae. "Current LOS solutions are, basically, forms-processing software with other functionalities glued on. They don't address the industry's 21st century needs, nor do they take advantage of 21st century technology. We designed and developed Encompass by leveraging the most current technology available today in order to give the broker, loan officer and processor the tools they need to do their jobs faster, easier and more profitably."

"Encompass is the real deal," said Marc Schwartz, member of Englewood, N.J.-based Globe Mortgage America. "This complete mortgage solution from Ellie Mae will forever change the mortgage industry."

"It really takes a company like Ellie Mae, with the expertise the company already has in automation throughout the mortgage industry, to take a step back and say, 'okay, how do we really make this a cohesive solution, soup-to-nuts, reflecting what a mortgage originator really has to do?'" said Michael Gruener, senior vice president of Pleasanton, Calif.-based Northpoint Financial. "I think they've done a tremendous job of taking all the pieces and bringing them together under this one umbrella. There's really nothing that comes close to what Ellie Mae is now bringing to the table."

Ellie Mae will begin shipping Encompass in mid-November. The first version will include all new regulatory changes going into effect Jan. 1, 2004. Brokers ordering Encompass prior to Jan. 31, 2004 will receive the software at no cost, including a free first year of support and maintenance. Cost for subsequent support and maintenance will be $295 per year. Encompass has a list price of $1,495 for a ten-named user license. Brokers can reserve Encompass by registering online at www.freelosupgrade.com or by calling 888-955-9100. Current Genesis and Contour customers will be migrated to Encompass during the next year.

"Our rollout strategy for Encompass is simple," explained Anderman. "We are offering Calyx Point brokers the most attractive alternative in the marketplace and removing any barriers to trial and use. We have asked literally hundreds of Calyx Point customers about their needs and listened carefully. We've designed Encompass so that brokers can upload all existing files with only three clicks of the mouse. We are answering their needs by offering an easy-to-use application and, if they act before Jan. 31, the solution is free. We want Calyx Point brokers to try it and see for themselves how an integrated application will pay big dividends for their business. Beginning in 2004, we will provide a seamless migration path into the Encompass solution for our more than 12,000 Genesis and Contour customers. We think that the product, the timing and the offer will resonate loudly throughout the mortgage industry."

About Ellie Mae, Inc.

Ellie Mae, Inc., the leading provider of desktop and Web-enabled mortgage-industry productivity solutions and software, helps automate the loan-origination process from lead to close. Recently awarded the 2003 Inman Innovator Award for the most innovative company in the mortgage industry, Ellie Mae's ePASS Web-transaction portal is the industry standard, connecting 27,000 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 desktop software for loan processing and Ellie Mae Docs for speedy, error-free electronic closing documentation. To learn more about Encompass or Ellie Mae, call [phone] or visit www.freelosupgrade.com or www.elliemae.com.

Ellie Mae(R), ePASS(R), Contour(TM), Genesis(TM), Encompass(TM) Executive Web Sites(TM), and Ellie Mae Docs(TM) are the sole property of Ellie Mae, Inc. Calyx and Point are registered trademarks of Calyx Point and are not affiliated with Ellie Mae, Inc.