Ellie Mae and ComplianceEase Form Strategic Partnership

Will Help Lenders Improve Loan Quality and Efficiency

Dublin, CA—JUNE 22, 2004—Ellie Mae, Inc., the leading provider of desktop and web-enabled productivity solutions and software for the mortgage industry, and ComplianceEase, a division of LogicEase Solutions Inc., the premier provider of intelligent business solutions for the financial services industry, today announced a strategic partnership to integrate ComplianceEase automated compliance solutions with Ellie Mae products, including the ePASS web-transaction platform and Ellie Mae Document Services.

The most powerful automated compliance tool on the market, the ComplianceEase PredatorAnalyzer (PA) provides accurate audit results and exceptional response times, critical features in today's demanding and fast-moving regulatory environment. By utilizing Ellie Mae's ePASS platform, lenders can integrate the PA system with existing loan origination systems simply and cost-effectively.

"Integrating ComplianceEase products into our loan origination systems and ePASS technology will provide a unique offering to the market," said Sig Anderman, CEO of Ellie Mae. "This partnership perfectly complements Ellie Mae's mission of providing innovative solutions for mortgage professionals."

"We're excited about our Ellie Mae partnership, said John Vong, CEO of ComplianceEase. "Delivering ComplianceEase solutions as web-based services is an ideal way to ensure that this increasingly important yet ever-changing aspect of loan origination can now be easily expanded and continuously updated. The combined offering by Ellie Mae and ComplianceEase delivers originators a true competitive advantage."

Ellie Mae's ePASS technology is the industry standard, connecting the majority of third-party mortgage origination companies to their wholesale lenders and settlement service providers. ePASS enables users to eliminate redundant work, reduce origination costs, close loans faster, and provide secure data transmission for sensitive consumer information in compliance with Gramm-Leach-Bliley safeguards. In the first quarter of 2004 alone, over 1.4 million loans were originated using ePASS technology.

ComplianceEase PA technology is the industry-standard automated compliance solution, dramatically simplifying audit workflow while utilizing advanced technology to ensure its accuracy and integrity. Using cutting-edge analytics to identify instances of non-compliance automatically, the PredatorAnalyzer system then explains them in narrative findings reports-rendering real-time, transaction-based decisions and automatically calculating the level of non-compliance risk.

About ComplianceEase

San Francisco, California-based ComplianceEase, a division of LogicEase Solutions, Inc., is a premier provider of intelligent business solutions to the financial services industry. Its ComplianceEase platform provides the industry's first automated compliance solution utilizing advanced artificial intelligence reasoning and decisioning technologies as well as natural language processing. ComplianceEase powers beginning-to-end solutions at a fraction of the time and cost of traditional approaches-while providing better accuracy and integrity. ComplianceEase also provides professional and consulting services. To learn more about ComplianceEase, call (866) 212-EASE (3273) or visit www.complianceease.com.

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 Websites 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.