Ellie Mae Announces Encompass® 1.5

Provides Enterprise-Level Functionality, Usability, Productivity, Performance

Salt Lake City, UT—JUNE 7, 2004—Ellie Mae, Inc., announced the availability of version 1.5 of its Encompass mortgage management system at the 2004 National Association of Mortgage Brokers (NAMB) Annual Convention today in Salt Lake City. The comprehensive new release includes enterprise-level functionality for secure, scalable networking, integration with legacy and third-party applications, significant usability and performance enhancements, and the introduction of new single- and five-user licenses to meet the needs of thousands of small origination companies.

"With Encompass 1.5, we are seeing the true power of this advanced software," said Jonathan Corr, senior vice president of products for Ellie Mae. "Our customers have embraced Encompass as the solution of the future, and they are actively engaged with us in providing suggestions for enhancements which, in turn, help drive our development efforts."

Enterprise-Level Functionality

Version 1.5 provides both smaller and larger companies the ability to give remote users access to Encompass easily and securely through their own servers using HTTPS, industry-standard secure networking. Also, larger companies with existing legacy systems and third-party business-system providers can now integrate with Encompass easily. Encompass 1.5 also includes an optional software development kit (SDK) with a licensed, documented API (application programming interface) as well as a number of features to help larger companies administer Encompass across multiple organizations.

Performance Enhancements

Encompass 1.5 features faster loading and printing of pipelines, reports, and dashboards. It allows users to print documents without previewing them and to edit custom forms on a loan-by-loan basis.

Usability and Productivity Enhancements

Responding to feedback from over 1000 Encompass users, Ellie Mae incorporated hundreds of usability and productivity enhancements for processors and loan officers into Encompass 1.5. Some of these include: updated forms with embedded fonts for improved printing reliability, improved navigation and sorting ability for column headings, pipeline search functionality, expanded help files and guides, automatic duplication of borrower data for a second mortgage, the ability to automatically update contact information when creating a new loan, and more flexibility in generating tailored reports.

New Single and Five-User Licenses Available

To meet the needs of smaller origination companies, Ellie Mae is making Encompass 1.5 available for purchase as a single-user ($595) and five-user ($795) license, both of which include the first year's maintenance and support. Ongoing maintenance for both new licenses is $295 per year. Interested brokers should call 1-888-955-9100 for more information.

Since its first release in December 2003, Encompass has been adopted by thousands of originators across the country. In February 2004, Ellie Mae introduced Encompass "Concierge Service" to provide new users with easy set-up and support. This free service features online appointments for personal help installing and setting up Encompass. Users can also make appointments with professional processors to be guided through the processing of actual loans using Encompass.

"With Encompass," said products VP Corr, "we are delivering the best of both worlds, the best available mortgage technology with the best customer service anywhere."

About Ellie Mae, Inc.

Dublin, California-based Ellie Mae, Inc., winner of the 2003 Inman Innovator Award for Most Innovative Company in the mortgage and real estate industries, is the leading provider of desktop and web-enabled mortgage industry productivity technology. Ellie Mae's ePASS Web-transaction platform is the industry standard, connecting more than 30,000 third-party mortgage origination companies with leading wholesale and correspondent lenders and 90,000 settlement service providers. Ellie Mae products include the Encompass mortgage management system, Contour and Genesis 2000 loan origination software, Executive Web Sites and Ellie Mae Docs. 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.