Craig Davis Joins Ellie Mae Board of Directors

Mortgage Industry Leader to Provide Insight for Growth Initiatives

Dublin, CA—JANUARY 8, 2004—Ellie Mae, Inc., the leading provider of desktop and Web-enabled productivity technology for the mortgage industry, today announced that Craig S. Davis has joined the company's board of directors.

Davis brings more than 25 years of senior management experience in the mortgage and financial services industries to Ellie Mae. For the past seven years, Davis served as president of Washington Mutual's Home Loans and Insurance Services Group, directing its growth in becoming a leading mortgage banking operation in the United States. Prior to Washington Mutual, Davis served as executive vice president at American Savings Bank, managing mortgage origination channels, and at Home Savings of America, managing financial services.

Davis has also served on several key industry and civic boards and councils, including the Mortgage Bankers Association Real Estate Board of Governors, Fannie Mae's National Advisory Council, the Seattle World Trade Center, Local Initiatives Support Corporation (LISC), and the Seattle Repertory Theatre.

At Ellie Mae, Davis will play a critical role as a member of the board of directors.

"We are proud to welcome Craig to our team," said Sig Anderman, chairman and CEO of Ellie Mae. "Craig's vision and leadership in bringing Washington Mutual to the premier position in our industry is unprecedented. His perspective and talent will be invaluable as we enter our critical next phase in leveraging state-of-the-art technology for mortgage brokers, lenders and service providers."

"The opportunity to join the board at Ellie Mae is an exciting one," said Davis. "With its industry-leading ePASS technology, the Encompass mortgage management system, unparalleled commitment to customer service, and singular focus on improving the mortgage process for all parties, Ellie Mae is strategically positioned to help the mortgage industry leverage the benefits of the Internet and technology while improving the profitability of mortgage stakeholders."

About Ellie Mae, Inc.

Dublin, California-based Ellie Mae, Inc., is the leading provider of desktop and Web-enabled mortgage-industry productivity technology that automates the loan-origination process from lead to close. In October 2003, Ellie Mae introduced Encompass, the first enterprise-level mortgage management system, with individual loan officer, processor and broker workspaces in a single, secure, scalable system. Ellie Mae's ePASS Web-transaction portal is the industry standard, connecting more than 30,000 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 loan origination software, and Ellie Mae Docs for speedy, error-free electronic closing documentation. To learn more about Ellie Mae, call (888) 955-9100 or visit www.elliemae.com .

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.