Ellie Mae Partners With PCi to Provide Integrated Home Mortgage Disclosure Act (HMDA) Management

Access to Wiz Basic via ePASS Simplifies HMDA Management Process

Dublin, CA-NOVEMBER 3, 2003- Ellie Mae Inc., the leading provider of desktop and Web-enabled productivity solutions and software for the mortgage industry, today announced a strategic partnership with Boston-based PCi Corporation, a compliance industry market leader. The new alliance integrates PCi's Wiz Basic, a solution aimed at modernizing compliance management of the Home Mortgage Disclosure Act (HMDA), with Ellie Mae's Encompass, Genesis 2000, and Contour software via the company's ePASS Web-transaction portal.

Wiz Basic's complete front-end HMDA management solution provides Geocoding, edit checks, reporting and submission capabilities. As a result of the new partnership, Ellie Mae customers can perform HMDA management while working within Encompass or their LOS application via Wiz Basic. With this alliance, Wiz Basic will be accessible to all Ellie Mae customers through ePASS, the industry-standard portal connecting mortgage originators with their lenders and settlement service providers, and will become a seamless part of the origination process.

According to company officials, the integration and breadth of this functionality greatly simplifies the HMDA compliance process for Ellie Mae customers by making loan data instantly available. Wiz Basic will enables users to comply with HMDA regulations easily and cost-effectively-without having to become compliance experts themselves.

"The opportunity to deliver our HMDA capabilities so seamlessly to Ellie Mae's customers is a great accomplishment as the industry approaches 2004 and moves more quickly toward a true eMortgage," said Bridget Fletcher, executive vice president of Product Strategy for PCi. "To make the transition to Wiz Basic as easy as possible for customers, we are providing them with full access to Wiz Basic via ePASS at no charge through December 20th 2003. This enables Ellie Mae customers to work with the solution and determine how it can best impact their compliance efforts."

"We value our relationship with our customers and strive to deliver only the best quality products," said Jonathan Corr, vice president of Products for Ellie Mae. "We surveyed the regulatory landscape, reviewed the complexity of the upcoming 2004 changes and knew it was critical to partner with experts in regulatory compliance. PCi's strong market position and the depth of their compliance expertise made them the obvious choice."

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 2000 desktop software for loan 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 PCi Corporation

PCi Corporation (PCi) is the leading provider of risk management and compliance solutions to the financial services industry. More than 90 or the top 100 lenders in the U.S. market, over 1,000 community banks, and many of the federal, state, and municipal regulatory, investigatory, prosecutorial, and enforcement agencies rely on PCi's solutions to comply fully with and enforce the Community Reinvestment Act (CRA), the Home Mortgage Disclosure Act (HMDA), fair lending laws, predatory-lending legislation, and the National Flood Insurance Reform Act. PCi clients also use the regulation-grade data cleansing, enhancing, mining, and mapping tools to conduct market analysis, identify new opportunities, provide decision support, and conduct goal management. In addition, PCi leverages these tool sets to provide a full MCIF solution that enhances profitability of existing accounts and generates new business through creating and measuring targeted marketing campaigns. PCi is based in Boston, MA. For more information please visit www.pciwiz.com .

Copyright © 2003 Ellie Mae, Inc. All rights reserved. Ellie Mae®, ePASS®, Contour™, Genesis 2000™, Executive Web SitesT, Ellie Mae DocsT are the sole property of Ellie Mae, Inc.