New Version of Encompass Adds PCi Wiz Basic HMDA Software

Provides Easy HMDA Compliance Inside Program

Dublin, CA—AUGUST 9, 2004—Ellie Mae, Inc., developers of the Encompass mortgage management system, today announced that its latest release, Encompass 1.5, incorporates industry-leading Wiz Basic HMDA (Home Mortgage Disclosure Act) software from PCi Corporation. Encompass is the first mortgage processing and management system that automates the entire loan origination process actually used by today's mortgage professionals.

Last year PCi became the sole provider of geocoding and HMDA compliance software for Ellie Mae's Genesis 2000 and Contour loan origination software (LOS) applications. Ellie Mae selected PCi because of its position in the industry and its advanced technical and development expertise. With this new integration, Encompass customers now have access to the same Wiz Basic professional HMDA compliance tool.

"Wiz Basic's complete front-end HMDA management provides integrated and seamless single-record and batch-mode geocoding, edit checks, reporting, and submission capabilities," said Jason Hammond, PCi's director of business development. "As a result, Encompass clients will spend less time and energy ensuring HMDA compliance and eliminate the need to re-key data, maintain separate HMDA compliance software, or become compliance experts."

"We are excited to be working with PCi to provide state-of-the-art HMDA compliance in all our mortgage software applications," said Joseph Tyrrell, Ellie Mae's SVP of vendor relations. "With 2004 being the first year lenders are responsible for tracking and reporting additional HMDA data fields, we believe that Wiz Basic will relieve Ellie Mae customers of any concerns they might have about complying with these new regulations."

About PCi Corporation

PCi Corporation is the industry choice for institutions seeking to keep lending in compliance with both regulatory and internal business standards. Over 2000 institutions, including 93 of the top 100 lenders, rely on PCi's software and professional services to monitor, detect, analyze, and resolve compliance demands throughout the entire lending process. Compliance expertise, acquired during more than ten years of operating success, positions PCi to help lenders produce compliance-certified loans that minimize risk, identify lending opportunities, add value to portfolios, and serve the needs of their communities. PCi is based in Boston, MA. To learn more about PCi, visit our www.pciwiz.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 Web Sites and Ellie Mae Docs. To learn more about Ellie Mae, call (888) 955-9100 or visit our 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.