Ellie Mae Announces Encompass® Version 2.0

New release expands business development capabilities, increases processing flexibility and configurability, and streamlines administration

Las Vegas, NV—November 9, 2004—Ellie Mae Inc., the award-winning provider of innovative software and services for the mortgage industry, today announced the release of version 2.0 of its Encompass® mortgage management system at the Western Regional Mortgage Brokers Conference at Caesar's Palace in Las Vegas. Encompass 2.0 adds significant enhancements to existing loan origination, processing, and new business development features. The upgrade is expected to be available by late November.

"Since its debut one year ago, Encompass has been gaining incredible momentum in the market," said Jonathan Corr, Sr. Vice President of Products, Ellie Mae. "Customers are responding with overwhelming enthusiasm to the advanced capabilities of Encompass. The feedback we receive has helped us continue to develop a comprehensive product that supports the unique needs of the mortgage broker, the loan officer and the processor."

Key Enhancements

Taking origination and processing to the next level, Ellie Mae incorporated several new features in Encompass 2.0 that enable users to simplify and customize their workflow. A new loan template feature allows users to pre-populate fields with common data including loan program, closing costs, and forms lists which improves productivity by reducing data entry for each loan. Another new feature, custom milestones, improves business manageability by letting users tailor milestones to their own particular business flow.

To help customers drive more business in a changing market, Ellie Mae expanded the new business development capabilities in Encompass 2.0 with enhanced lead opportunity management, an expanded contact manager, and a new integrated calendar and scheduler - giving loan officers powerful tools within Encompass to drive more business and eliminate the need for separate CRM software. In addition, Ellie Mae has added a new business opportunity that gives loan officers the ability to generate additional business revenue by offering a life insurance product with each loan.

Another key upgrade in Encompass 2.0 is the additional data imported when users upgrade from Calyx® Point®. The simple two-click import capability provides quick and easy migration to Encompass by importing all pertinent files, settings, and data including loan programs, closing cost templates, custom letters/forms and more.

A complete list of Encompass 2.0 enhancements, including instructions on how to upgrade, is available at Ellie Mae's Web site: http://www.elliemae.com. The upgrade is free to all users who have purchased Encompass within the past year, or renewed their annual maintenance agreement.

"Encompass has integrated access to our ePASS® Network to make loan origination easier and faster than ever before-and enables third-party originators to differentiate themselves with superior customer service," said Corr. "This integration means brokers can pull credit, order appraisal, title, flood, and submit to lenders securely online from any location."

Since its first release under a year ago, Encompass has already been adopted by many of the leading originators across the nation, including Carteret Mortgage Corporation, Amstar Mortgage Corporation, Stockton Turner & Company, Transcontinental Lending Group, Inc., Acceptance Capital Mortgage Corporation, and thousands of smaller organizations.

"With Encompass, Ellie Mae is using Internet technology to take loan origination to the next level," said Eric Weinstein, Founder and President, Carteret Mortgage Corporation. "They have developed a superior system that gives us insight to the entire loan process at a granular level, with increased compliance capabilities."

Ellie Mae provides free installation and configuration support, and offers free online training for all users. Customers can get assistance with installing Encompass and configuring ePASS Network settings by calling Ellie Mae Customer Support toll-free at 1-800-777-1718.

About Ellie Mae, Inc.

Ellie Mae, Inc. is an award-winning provider of software and services for the mortgage industry, which has been recognized in each of the past three years as one of the fastest growing companies in the California Bay Area, and most recently has been named to the Inc. 500 list of America's fastest growing private companies. Ellie Mae provides a comprehensive line of products and services including the company's flagship Encompass® mortgage management system, Contour™ and Genesis 2000™ loan origination software, Executive Web Sites for mortgage brokers, and Ellie Mae Docs services for document processing. Ellie Mae's ePASS® Network is the mortgage industry's online transaction platform enabling 40,000+ mortgage companies in the United States to easily do business online with hundreds of leading lenders and nearly 100,000 settlement service providers. Ellie Mae is based in Dublin, California. To learn more about Ellie Mae, visit www.elliemae.com or call (888) 955-9100.

Copyright © 2004 Ellie Mae, Inc. All rights reserved. Ellie Mae®, ePASS®, Encompass®, Contour™, Genesis 2000®, Executive Websites™, Ellie Mae Docs™ are the sole property of Ellie Mae, Inc.