Ellie Mae Selected as Finalist for Mortgage Technology Magazine's Release of the Year Award

PLEASANTON, CA—October 13, 2009—Ellie Mae^®, the award-winning software and service provider offering comprehensive business solutions for mortgage bankers, brokers, and other mortgage originators, was selected as a finalist in the annual competition for Mortgage Technology magazine’s prestigious Release of the Year Award. Ellie Mae was nominated for this award for its recently launched Encompass360™, the company’s all-new comprehensive mortgage management solution, which was released in July 2009.  Each year, Mortgage Technology magazine presents one company with the Release of the Year Award in recognition of a new technology product, platform, alliance or initiative that seems likely to have the broadest impact on mortgage lending going forward.

“Encompass360 was designed to not only address the challenges of today’s market, but also to anticipate and address the industry’s needs in the coming years,” says Jonathan Corr, Ellie Mae’s chief strategy officer.  “For example, Encompass360 helps customers keep fully compliant with the upcoming changes to RESPA and other regulations, something we anticipated early on in its development. It’s examples like this that demonstrate how Ellie Mae has been redefining and responding to the mortgage industry since inception in 1998. We’re proud and pleased to be recognized for our continuing pursuit of excellence and contributions in elevating industry standards.”

Since its launch earlier this year, Encompass360 has been adopted by over 1,000 lenders and more than 15,000 end users, many of whom cite the system as a segment-defining solution.

In addition to reaching the final round for the Release of the Year Award, Ellie Mae has also been honored with awards from organizations such as Inc. magazine, Mortgage Technology magazine, Inman News, the East Bay Business Times, and the Silicon Valley/San Jose Business Journal. The Mortgage Technology Awards ceremony was held on October 11, during the opening night of the 2009 Mortgage Bankers Association Annual Conference in San Diego. 

About Ellie Mae, Inc.
Ellie Mae is the award-winning provider of software and services for the mortgage industry, offering comprehensive business solutions for mortgage bankers, mortgage brokers and lenders. The company's key offerings include the newly launched flagship Encompass360™ Mortgage Management Solution, Encompass CenterWise™ websites and electronic document management services, and Encompass Closer document preparation services. More than 100,000 mortgage professionals use the Encompass^® Mortgage Management Solution. A recipient of the prestigious Inman Award as the most innovative company in the mortgage industry and acknowledged as a top technology service provider by Mortgage Technology magazine, Ellie Mae is recognized for developing technology that links the many parties critical to the mortgage origination industry through its patented ePASS^® technology. One quarter of the nation's estimated $2 trillion in new mortgage originations utilize Ellie Mae’s ePASS technology, which enables mortgage companies to easily and securely conduct electronic business transactions with dozens of leading lenders and thousands of settlement service providers.  Ellie Mae was founded in 1998 and is based in Pleasanton, California. To learn more about Ellie Mae, visit www.EllieMae.com or call 877.355.4362.

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© 2009 Ellie Mae, Inc. All rights reserved. Ellie Mae, Encompass, and ePASS (patent Nos. 7,444,302 and 7,472,089) are registered trademarks and Encompass360, Encompass CenterWise and Encompass Closer are trademarks of Ellie Mae, Inc. in the United States.