Ellie Mae Named the Fastest Growing Bay Area Company

San Francisco Business Times Recognizes Outstanding Growth and Success of Internet Technology Provider in Recent Independent Survey

Pleasanton, CA-September 30, 2002-Ellie Mae®, the leading Internet technology provider for mortgage originators, announced that it has been recognized by the San Francisco Business Times , San Francisco's most widely-circulated business newspaper, as the fastest growing private company in the Bay Area.

Ellie Mae was awarded this title based on company information and statistics that were gathered from 150 Northern California companies by a third party research firm, and investigated and confirmed by Pricewaterhouse Cooper in August 2002. The finalists were ranked on percentage of revenue increase from fiscal year 1999 to 2001. Ellie Mae grew an overwhelming 1,762.7 % for this period.

"Our company has maintained a strong commitment to providing mortgage professionals with the best tools possible and the finest ease-of-use portal in the industry," said Sig Anderman, CEO of Ellie Mae. "Achieving the recognition as the fastest growing company in the Bay Area is a direct result of the hard work of our employees and our partners. As the mortgage industry continues to progress toward paperless solutions for loan application and processing, Ellie Mae is committed to forging partnerships with the top vendors and producing the tools and counsel today's mortgage professionals need to succeed. Our commitment to advancing the industry's technological savvy and empowering lenders, brokers and originators with streamlined access to everything they require is unwavering."

Ellie Mae's ePASS® Business Center provides its partners with the opportunity to instantly connect to almost 90 percent of the originator desktops via their loan origination software systems (LOS). The company also offers its users customized tools such as Password Manager and Mortgage Mail, which streamline the loan process, saving mortgage professionals both time and money.

About Ellie Mae®

Ellie Mae, Inc., headquartered in Pleasanton, California, is the leading Internet enabler for the mortgage brokerage industry and the largest Loan Origination Software (LOS) provider in the United States. Offering brokers the ePASS(SM) Business Center (electronic Processing And Submission System), a B2B e-commerce platform, as well as customized Web sites, hosting services, and LOS packages, Ellie Mae(SM) enables mortgage originators to harness the power of the Internet, giving them a competitive advantage in the fast changing residential mortgage arena. For additional information, visit www.elliemae.com or call 877-355-4362.

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