Ellie Mae Offers Access to More Than 200 of the Leading U.S. Lenders

Partnerships Benefit Both Lenders and Mortgage Originators

Chicago, IL-October 21, 2002-Ellie Mae® Inc., a leading provider of technology solutions for mortgage originators, today announced that through its ePASS® Business Center, brokers have instant access to over 200 of the leading the lenders in the country. Ellie Mae's ePASS Business Center is the industry standard Internet transaction platform, connecting originators to lenders and settlement service providers. The partnerships provide Ellie Mae ePASS Business Center users with direct connections to submit loans online loan and give partnering lenders the ability to connect to mortgage professionals, accounting for the majority of all loans originated industry wide.

Ellie Mae enables it's partnering lenders to reach more than 80 percent of the mortgage originator population through ePASS. Genesis 2000® and Contour users have direct access to ePASS through their loan origination software. Calyx® Point® users can take advantage of Ellie Mae's 'Point EZ Import', a new function that allows Calyx users to seamlessly and instantly connect their loan files to the ePASS Business Center and transfer files and data easily to lenders.

Lenders can also incorporate their wholesale Web sites into the ePASS network through branded Storefronts and instantly increase the ease of doing business with them. The Storefront is the lender's page within the LOS where all of their wholesale or correspondent Web site transactional and informational capabilities are accessed. For mortgage originators, the partnerships enable seamless uploading of information directly from ePASS into the lenders' systems in seconds, reducing redundant data entry and complicated loan file transfers. ePASS applies its patent-pending, three-click loan data upload process to all functions an originator uses with a lender, including common transactions like automated underwriting, registration, pricing eligibility, and locking, This feature alone saves originators 10-20 minutes per function and reduces the 20-click by up to 17 clicks.

"With access over 200 of the leading the lenders in the country, Ellie Mae's ePASS Business Center is the only transaction platform a mortgage broker needs," said Robin Nebel, president of Ellie Mae. "As the industry continues its progress into a paperless environment, dependable, efficient and comprehensive tools are vital to any successful mortgage professional. ePASS is the place where brokers, lenders and originators connect to the tools they require for improving the way their business works."

Ellie Mae provides a range of services to lenders. Some lenders take advantage of providing links using the three-click process to their preferred proprietary or third party underwriting systems. Others take advantage of the ability to integrate all of their loan transaction and informational capabilities into their Storefront so that originators can access these capabilities right from inside their LOS. Using the ePASS platform, lenders can receive loan data from originators electronically and in any format.

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 877-355-4362.

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