Ellie Mae Announces ePASS for CASH Giveaway

Leading Mortgage Internet Platform to Award $250,000 in Cash and Prizes Between July 1 and November 30 to Processors, Loan Officers and Brokers

Baltimore, MD-June 16, 2003-Ellie Mae Inc., which hosts ePASS and offers other desktop and Web-enabled productivity solutions for the mortgage industry, announced a quarter million dollar ePASS for Cash Giveaway at the 2003 National Association of Mortgage Brokers (NAMB) Annual Convention.

Beginning July 1 through November 30, 2003 Ellie Mae will randomly select up to three ePASS transaction orders a day and pay winners between $100 and $1,000 if their transactions are picked. (Monday through Friday, except holidays). In addition, there will be five monthly drawings for $10,000 each selected from all transaction orders placed during the previous month. A $25,000 grand prizewinner will be selected from all loan applications processed using at least three ePASS transactions between July 1 and November 30. Brokers, loan officers and processors using Ellie Mae's ePASS Business Center all can qualify to win any of the following prizes:

• At least one daily cash prize winner from $100 to $1,000, Monday-Friday
• Five monthly $10,000 winners
• One Grand Prize $25,000 winner
• An additional $5,000 prize awarded to the monthly prizewinner's broker-owner and $5,000 prize awarded to the account executive for the lender or settlement service provider whose transaction was selected as the monthly prizewinner.
• The first 5,000 mortgage professionals who sign up for My ePASS and use ePASS for the first time will receive a high-quality insulated beverage mug (retail value $19.95).

"Every day, ePASS is saving time and reducing costs for over 24,000 companies and the thousands of partners they connect to through ePASS," said Sig Anderman, CEO of Ellie Mae. "Through the ePASS for CASH Giveaway, we will increase the volume of business for our current ePASS partners, reinforce the daily benefits of using ePASS, and, bottom line, give our customers a chance to put some cash in their pockets. And it will be a lot of fun for our clients, our partners, and especially me!"

For more information about ePASS for CASH, or to sign up, call 888-955-9100 or visit www.epassbusinesscenter.com or the company's Web site at www.elliemae.com .

About Ellie Mae

Ellie Mae, Inc., the leading provider of desktop and web-enabled mortgage-industry productivity solutions and software, helps automate the loan-origination process from lead to close. Ellie Mae's ePASS® Web-transaction portal is the industry standard, currently processing over 700,000 transactions monthly. ePASS links 175,000 third-party mortgage originators to more than 250 wholesale lenders and 90,000 loan services providers-enabling them to eliminate redundant work, close loans faster and save loan-origination costs. Ellie Mae products include Executive Web Sites for automated lead generation and marketing, Contour® and Genesis 2000® desktop software for advanced loan origination and processing and Ellie Mae Docs for speedy, error-free electronic closing documentation. To learn more about Ellie Mae, call 877-355-4362 or visit www.elliemae.com .

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