Ellie Mae's Encompass Reports Record Growth

Loan origination system market share for Encompass jumps from 7 to 28 percent

DUBLIN, CA—May 30, 2006—Ellie Mae, an award-winning provider of innovative software and services for the mortgage industry, is reporting record demand of its Encompass® Mortgage Automation System.

Despite the mortgage industry slowdown, over the past 12 months Ellie Mae has increased its number of Encompass loan origination system clients by 216 percent, growing from 5,586 companies using Encompass in May 2005 to 12,067 companies using it in May 2006. Encompass users have also grown substantially from 73,768 to 119,510.

At the end of 2004, Encompass was estimated to have 7 percent share of the loan origination system market by loan volume according to Wholesale Access. The latest 2006 figures reflect a market share of 28 percent. "Since Encompass was first launched just over two years ago, its popularity has grown like wildfire," states Jonathan Corr, chief strategy officer of Ellie Mae. "The record traction Encompass has gained clearly illustrates the program's superior capabilities. As long as companies keep looking to improve profitability, compliance, oversight and efficiency, we can expect Encompass' market share to keep growing."

In addition to the growth in usage of Encompass software, Ellie Mae has also experienced a 118 percent increase in ePASS transactions through Encompass, which include orders for title, credit and settlement services. "It makes sense that transaction volume through ePASS has gone up," explains Corr. "Encompass makes it so easy for mortgage originators to order services directly from within the system, that there is no longer a need for originators to visit separate web sites or contact distinct entities in order to process a loan."

A sophisticated program, Encompass has made greatest headway with larger brokerages which see great value in deploying innovative technologies to improve efficiency. Currently, seven of the nation's top 10 brokerages have deployed Encompass, as well as 135 of the nation's top 250 brokers.

About Ellie Mae, Inc.
Ellie Mae is an award-winning provider of software and services for the mortgage industry, which was recently 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 automation system, Contour™ and Genesis 2000® loan origination software, Encompass Websites™ 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 all mortgage companies in the United States to easily do business online with dozens of leading lenders and thousands of 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.

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Ellie Mae, Encompass, ePASS, and Genesis 2000 are registered trademarks, and Contour, Executive Websites, and Ellie Mae Docs are trademarks, of Ellie Mae, Inc. All rights reserved.