Ellie Mae Unveils The Loan Handler 5.1.

Business Editors

PLEASANTON, Calif.--(BUSINESS WIRE)--July 18, 2001

ePASS Transaction Platform Now Integrated For Both

Contour and Genesis

Ellie Mae(SM), Inc., a provider of Internet solutions for the mortgage brokerage community, today announced the release of Contour Software's The Loan Handler(TM) (TLH) version 5.1, which empowers lenders to close loans more quickly and efficiently.

The new software offers increased connectivity with lenders and vendors, the ease and convenience of e-commerce transactions and includes the numerous promotions and discounts offered to Contour clients by Ellie Mae's ePASS (electronic Processing and Submission System) partners.

The new version of TLH includes the Internet integration and real-time database connectivity of TLH 5.0, and adds the benefits of the ePASS Business Center. The ePASS Business Center is a portal that provides mortgage professionals with easy, one-click Internet connectivity to everything they need to complete mortgage transactions: Automated underwriting engines, wholesale lenders, settlement service providers, marketing tools, industry resources, and financial and lending data. Contour users will now have the ability to directly populate loan information into a lender application from an existing loan file. This ePASS functionality leads to significantly less faxing and mailing of documents in addition to increased loan processing turnaround. TLH 5.1 also adds new credit interfacing, enabling the user to obtain credit reports from within the borrower file with just two clicks.

"By far, the most significant difference between TLH 5.0 and TLH 5.1 is the inclusion of the ePASS Business Center," said Scott Cooley, chief strategy officer managing all LOS (loan origination software) operations for Ellie Mae. "ePASS is a complete transaction network that establishes a seamless link between mortgage originators and all other parties in the origination process - lenders, GSEs and settlement service providers. By integrating ePASS into the LOS, we've provided our customers with the opportunity to experience efficiencies that are unmatched in the industry."

Embedded in the Genesis 2000 loan origination system since June 2000, ePASS has enabled Genesis - also an Ellie Mae subsidiary - users to submit thousands of transactions to their favorite lenders, third party service providers, Fannie Mae Document Originator/Document Underwriter and Freddie Mac Loan Prospector. With the new version of TLH, access to ePASS is no longer restricted to Genesis customers but also available to all Contour originators through Ellie Mae.

All customers currently using TLH 5.0 will receive TLH 5.1 CD automatically during the next couple of months, free of charge. Users of TLH 4.2 (and clients with expired memberships) can e-mail [e-mail] to request the latest version.

About Genesis 2000

Genesis 2000, a wholly owned subsidiary of Ellie Mae, provides mortgage originators with affordable, easy-to-use loan origination software helping them to increase workflow and automate the origination process. Founded in 1986, Genesis 2000 has over 6,700 active installations and its products are being used by more than 48,000 individual mortgage brokers, mortgage bankers, banks, credit unions, and savings institutions nationwide. For more information about Genesis 2000 or any of its products, visit www.Genesis2000.com or call [phone].

About Contour Software

Contour Software, an Ellie Mae subsidiary, provides large mortgage originators with sophisticated, customizable front-end to back-end loan origination software. Contour Software is modular so you have the ability to adapt your system as your needs change. With a customer base of 40,000 active seat licenses, Contour has the most electronic commerce connections in the industry. For more information about the Contour product line or outsourcing services, visit www.contoursoft.com or call [phone].

About Ellie Mae

Ellie Mae, Inc., headquartered in Pleasanton, California, is the leading Internet enabler for the mortgage brokerage industry and the largest Loan Origination Software (LOS) provider in the United States. Offering brokers the ePASS(SM) Business Center (electronic Processing And Submission System), a B2B e-commerce platform, as well as customized Web sites, hosting services, and LOS packages, Ellie Mae(SM) enables mortgage originators to harness the power of the Internet, giving them a competitive advantage in the fast changing residential mortgage arena. For additional information, visit www.elliemae.com or call [phone].