Dorado Corp. and Ellie Mae Strategic Partnership Increases Online Origination Options for Third-Party Originators

Companies Can Now Use Ellie Mae ePASS and ClickLoan with Dorado ChannelMaster

Dublin, CA-OCTOBER 20, 2003-Ellie Mae Inc., the leading provider of desktop and Web-enabled productivity solutions and software for the mortgage industry, and Dorado Corp., the leader in Web services-based systems for home lending, announced at the Mortgage Banker's Association (MBA) of America 2003 Annual Convention and Expo a strategic partnership that integrates Ellie Mae's ePASS and ClickLoan with Dorado's ChannelMaster.

Dorado will use the Dorado .MOR Web Services platform to integrate ePASS, ClickLoan, and ChannelMaster. The integration will provide Dorado wholesale lender customers with seamless access to Ellie Mae's third-party originator channel, as well as give current brokers access to Ellie Mae's extensive network of service providers. For Ellie Mae customers, the integration enables enhanced access to lenders who use ChannelMaster.

Dorado ChannelMaster is a Web services-based application for originating and processing home loans that enables rapid rollout of new products and services to the TPO channel, including up-front and closing documents, automated underwriting, settlement services, credit, compliance, exception handling, price locking and lead management. ChannelMaster is currently used by eight of the top 20 home lending institutions.

"ePASS and ClickLoan will connect our wholesale lenders to 90 percent of the TPO channel," said Dain Ehring, CEO of Dorado Corp. "ChannelMaster will enable ePASS TPOs to seamlessly access products and services from Dorado lenders. The net result for both Dorado and Ellie Mae customers is a powerful range of options for origination and processing from two premier solution providers."

Ellie Mae's ePASS is the industry standard Web transaction platform, connecting 27,000 third-party mortgage origination companies to more than 250 wholesale lenders and 90,000 settlement service providers and enabling all parties to eliminate redundant work, close loans faster and reduce origination costs. ClickLoan provides a simple two-click upload for loan submissions from TPOs directly into lender's Web site, saving up to 30 minutes per loan submission. Both products offer secure, encrypted data transmission to protect sensitive consumer information in compliance with Gramm-Leach-Bliley safeguards.

"This is a critically important alliance for us," said Sig Anderman, chairman and CEO of Ellie Mae. "Dorado is gaining significant ground in the loan origination arena with their Web services-based solution. With the ClickLoan and ChannelMaster integration in place, Dorado customers can access ePASS quickly and easily in an instant."

Dorado's ChannelMaster facilitates communication and improves productivity for TPOs by tightly integrating all participants in the mortgage process-borrowers, TPOs, loan officers, marketing staff and production personnel-via secure, personalized Web sites. ChannelMaster solutions are based on the Dorado .MOR Web Services platform, which enables rapid integration of new products and services to the TPO point of sale.

About Ellie Mae, Inc.

Ellie Mae, Inc., the leading provider of desktop and Web-enabled mortgage-industry productivity solutions and software, helps automate the loan-origination process from lead to close. Recently awarded the 2003 Inman Innovator Award for the most innovative company in the mortgage industry, Ellie Mae recently announced the upcoming availability of its newest product, Encompass, the first enterprise-level mortgage management system with individual loan officer, processor and broker workspaces in a single system. Ellie Mae's ePASS Web-transaction portal is the industry standard, connecting 27,000 third-party mortgage origination companies to more than 250 wholesale lenders and 90,000 settlement service providers - enabling them to eliminate redundant work, close loans faster and reduce loan-origination costs. Ellie Mae products also include Executive Web Sites for automated lead generation and marketing, Contour and Genesis 2000 loan origination software and Ellie Mae Docs for speedy, error-free electronic closing documentation. To learn more about Ellie Mae, call (888) 955-9100 or visit www.elliemae.com .

About Dorado Corporation

Dorado Corporation is the leader in Web services-based systems for U.S. home lending banks. Dorado's mortgage, home equity, and real estate products integrate business customers and consumers into lending processes. Dorado's Web services-based solutions increase flexibility and efficiency and enable the up- and cross-sale of financial products and services. Dorado's new headquarters will be located at 1200 Park Place, Suite 400, San Mateo, Calif. 94403. www.dorado.com

Copyright © 2003 Ellie Mae, Inc. All rights reserved. Ellie Mae®, ePASS®, Contour™, Genesis 2000™, Executive Web SitesT, Ellie Mae DocsT are the sole property of Ellie Mae, Inc.

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