Ellie Mae, Inc. And CampusMBA Partner to Offer Educational Incentives to Mortgage Professionals

ePASS Users Receive Discounts on MBA Programs and Courses

Pleasanton, CA-May 22, 2003-Ellie Mae, Inc., the leading provider of desktop and web-enabled mortgage industry productivity solutions and software, and CampusMBA, the educational arm of the Mortgage Bankers Association of America (MBA) today announced a partnership to offer discounted CampusMBA courses to Ellie Mae, Inc. ePASS partners.

Ellie Mae ePASS Business Center users will have the unique opportunity to receive a discount on all web-based and print-based courses, live audio programs, and audio CD recordings offered by CampusMBA. This partnership will enable Ellie Mae clients to earn college and continuing education credits through CampusMBA at a discounted rate.

"Partnering with Ellie Mae to provide mortgage professionals with incentives to further their education supports our core mission to support and promote the health and strength of real estate and financial markets nationwide," said DanThoms, MBA's vice president of Education and Business Development. "We are extremely pleased to have this opportunity to partner with Ellie Mae."

"It is very important to Ellie Mae to not only provide our customers in the financial industry with the most up-to-date and efficient technology., but to help further industry wide education," said Robin Nebel, president of Ellie Mae. "Partnering with an organization like the Mortgage Bankers Association of America is a great opportunity for us to continue to bring value to mortgage originators."

ePASS users can access CampusMBA through the "Training Center" Web page. The connection enables clients to immediately enroll in more than 100 industry courses using several training modes-online, print-based, and audio programs.

About Ellie Mae

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. Ellie Mae's ePASS® Web-transaction portal is the industry standard, currently processing over 700,000 transactions monthly. ePASS links 175,000 third-party mortgage originators to more than 250 wholesale lenders and 90,000 loan services providers-enabling them to eliminate redundant work, close loans faster and save loan-origination costs. Ellie Mae products include Executive Web Sites for automated lead generation and marketing, Contour® and Genesis 2000® desktop software for advanced loan origination and processing and Ellie Mae Docs for speedy, error-free electronic closing documentation. To learn more about Ellie Mae, call 877-355-4362 or visit www.elliemae.com .

About Mortgage Bankers Association of America (MBA)

MBA is the national association representing the real estate finance industry. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation's residential and commercial real estate markets; to expand homeownership prospects through increased affordability; and to extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters excellence and technical know-how among real estate finance professionals through a wide range of educational programs and technical publications. Its membership of approximately 2,600 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, life insurance companies and others in the mortgage lending field. For additional information, visit MBA's Web site: www.mbaa.org . For additional information about CampusMBA, visit www.campusmba.org.

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