Acceptance Capital Mortgage Corporation Standardizes on Ellie Mae®'s Encompass® Mortgage Software

More than 250 loan professionals to use Ellie Mae's mortgage management system

Dublin, CA—October 5, 2004—Ellie Mae Inc., the award-winning provider of innovative mortgage management solutions and online connectivity for the mortgage industry, today announced that Acceptance Capital Mortgage Corporation is migrating all 65 of its offices across the country from their current loan origination software (LOS) to Ellie Mae's Encompass.

"Deciding to make the switch to Encompass was a no-brainer when I saw the full scope of its capabilities and the effect it would have on our business. Even my processors and loan officers wanted to make the change despite using another solution for so long," said Craig Wilkins, President, Acceptance Capital Mortgage Corporation. "Unlike Calyx Point, which is essentially a forms tool for us, Encompass is a much more sophisticated program that not only reduces the workload of my processors, but also provides easy collaboration with the loan officers. Another key capability was how Encompass addresses compliance controls to help us maintain the highest privacy and security standards for our customers."

"Current origination software was designed primarily to support the needs of the processor, and was introduced before we built our ePASS Internet gateway to provide connectivity with lenders and service providers," said Jonathan Corr, Sr. Vice President of Products, Ellie Mae. "Encompass supports the separate needs of the loan officer, processor, and mortgage broker. It also provides integrated access to ePASS so users can pull credit, order appraisal, title, flood, and submit to lenders online. This integration and simplicity makes loan origination easier and faster than ever before-and enables third-party originators to differentiate themselves with superior customer service."

Next Generation Software

"When designing Encompass, Ellie Mae did everything right," said Wilkins. "The built-in contact manager and direct marketing capabilities are terrific features for loan officers and brokers. It removes the need for using separate tools and with its integrated emailing capabilities, our agents can easily maintain regular contact with clients, providing a higher level of customer service."

Encompass has been already been adopted by thousands of originators across the country since its first release in December of 2003. Ellie Mae provides free installation and configuration support, and offers free online training for all users. Customers can arrange their Encompass installation by calling their sales representative or the toll-free Ellie Mae Customer Support number: 1-888-955-9100.

About Acceptance Capital Mortgage Corporation

Acceptance Capital Mortgage Corporation is one of the nation's fastest growing mortgage companies, providing full-service mortgage lending services in over 25 states. Acceptance Capital is headquartered in Spokane, Washington and employs over 250 loan professionals in 65 branch offices. To obtain further information about Acceptance Capital, please visit their Web site at www.acceptancecapital.com or email at info@acceptancecapital.com .

About Ellie Mae, Inc.

Ellie Mae, Inc. is an award-winning provider of software and services for the mortgage industry, which has been recognized in each of the past three years as one of the fastest growing companies in the California Bay Area. Ellie Mae provides a comprehensive line of products and services including the company's flagship Encompass mortgage management system, Contour™ and Genesis 2000® loan origination software, Executive Websites™ for mortgage brokers, and Ellie Mae Docs™ services for document processing. Ellie Mae's ePASS® Network is the mortgage industry's online transaction platform, enabling 40,000+ mortgage companies in the United States to easily do business online with hundreds of leading lenders and nearly 100,000 settlement service providers. Ellie Mae is based in Dublin, California. To learn more about Ellie Mae, visit www.elliemae.com or call (888) 955-9100. Ellie Mae, ePASS Network, Contour, Genesis 2000, Executive Web Sites and Ellie Mae Docs are the sole property of Ellie Mae, Inc.

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.