Ellie Mae Spotlighted in New Tom Peters National TV Special

Details How Ellie Mae Streamlines Clunky Mortgage Process

Dublin-MAY 17, 2004-Ellie Mae, an innovative Bay Area company providing technology that simplifies the mortgage process, is the only California company among four American businesses featured in a new PBS-TV special from Tom Peters that begins airing nationally this month.

The new, 60-minute special, "Tom Peters: Re-imagine! Business Excellence in a Disruptive Age," profiles companies that are revolutionizing the way work and business are conducted. The special is based on Peters' new book of the same title, a successor to his ground-breaking book "In Search of Excellence," published in 1984.

Ellie Mae is the brainchild of co-founder Sig Anderman, a retired housing industry entrepreneur who in 1998 decided to use the Internet to streamline the lengthy and often cumbersome mortgage process. Using the Internet, Ellie Mae has created a transaction platform called ePass that connects all of the people involved in a loan, enabling them to exchange data electronically. Last year ePass handled over seven million transactions, touching one out of three mortgage loans made.

Fast-growing Ellie Mae, also named one of the "best places to work" and one of the Bay area's fastest growing companies, employs 170 people in its headquarters in Dublin, California, just across from the Silicon Valley. Last fall, the company launched Encompass, a new mortgage management system that allows loan officers, loan processors and mortgage brokers to collaborate to shave days from the time it takes to process a loan.

Passionately dedicated to transforming and modernizing the mortgage process, Ellie Mae has forged alliances with lending organizations across the country, including Bank of America, Cendant, CitiMortgage, Flagstar Bank, Indy Mac Bank, New Century Bank, and WMC Direct, who all rely on its mortgage system to save time and reduce processing costs by as much as $200 per loan.

"We are determined to reduce pain and hassle factor for the 10 million Americans who get a new mortgage or refinance their mortgages in a year," says Anderman. "Using Ellie Mae's technology, mortgage brokers and lenders can eliminate the age-old problems of bulky paper files, blurry faxes and telephone tag that create costs and gray hairs for consumers."

Ellie Mae, a dot-com survivor that is thriving today, also exemplifies part of a growing breed of companies Peters calls the "fixers" or "enablers" that solve the problems standing in the way of business creativity and success. Located just across the Bay from Silicon Valley, Ellie Mae draws on the region's talented programmers and systems engineers to design technology that is rapidly transforming the mortgage industry.

About Ellie Mae, Inc.

Dublin, California-based Ellie Mae, Inc., is the leading provider of desktop and Web-enabled mortgage-industry productivity technology. 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 platform 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 Web SitesT, Ellie Mae DocsT are the sole property of Ellie Mae, Inc.