Ellie Mae Broadens Executive Team to Accommodate Growth

Jonathan Corr, Joe Langner and Raj Sampath Join Mortgage Industry Innovator

Pleasanton, CA—January 15, 2003—Ellie Mae Inc., the leading provider of integrated products to empower originators, today announced the appointment of three new vice presidents (VP) to its executive team to prepare for the company's growth in 2003. The newly expanded team now includes: Jonathan Corr as VP of Products, Joe Langner as SVP of Sales and Raj Sampath as VP of eCommerce and Transaction Management.

As VP of Products, Corr is responsible for product strategy, product management and product marketing, driving the development of new products and the enhancement of Ellie Mae's current suite of products. Corr's experience includes executive positions at several Fortune 500 and high tech companies, including Netscape, Apple Computer, Peoplesoft (software) and Kana (eCRM software), where he was instrumental in growing company revenue from $12 million to $100 million in less than two years. Corr's expertise in software and Internet-based product strategy and development will play an integral role as the company continues to grow. Langner, as SVP of Sales, will spearhead efforts to significantly scale sales, sales support, strategic account management and field activities.

Langner joins Ellie Mae after a 17-year career with Dun and Bradstreet, where he most recently served as SVP for Sales Operations and Indirect Sales and was responsible for the entire U.S. Sales Operation. Langner's knowledge pertaining to customer service, customer education, sales force automation, strategic planning and research ensures Ellie Mae's clients experience the highest levels of satisfaction.

As VP of eCommerce and Transaction Management, Sampath will concentrate on readying the technology infrastructure for projected transactions for 2003. Sampath is an industry veteran with 15 years of experience building and delivering information technology solutions in banking, financial services and telecommunications industries, including the UK mortgage industry of Countrywide Global Technology. His comprehensive knowledge and experience of the necessary backend technology will help Ellie Mae to prepare for continued rapid growth.

"It's quite a statement for a relatively young, privately held company to attract three professionals of this caliber," said Sig Anderman, CEO of Ellie Mae. "As we begin 2003, the expertise these gentlemen provide is invaluable. In 2002, originators used ePASS in the processing of nearly 20 percent of all loans originated in the U.S. Looking to 2003 and beyond, our newly expanded executive team will focus on developing and delivering products that continue to improve the efficiency of the loan process. We believe our integrated products to be the best available because they truly automate and link all processes of loan origination, as evidenced by the explosive growth in ePASS usage."

About Ellie Mae

Based in Pleasanton, California, Ellie Mae, Inc. provides a complete line of innovative products that streamline loan origination, from lead to close, all integrated at the core, through ePASS. Originators equipped with Ellie Mae products are able to easily manage each step of the loan origination process: Executive Web Sites for lead generation and automated marketing, Contour and Genesis 2000 Loan Origination Software systems for originating and processing, ePASS Business Center for quick, direct access to GSE's, lenders and service providers and Ellie Mae Docs for speedy, reliable document closing. For additional information, visit www.elliemae.com or call 877-355-4362.