Dorado Corporation and Ellie Mae® Expand Strategic Partnership

New Integrations Give Dorado Customers Enhanced Access to Vendors and Mobile POS Capabilities

San Mateo, Calif.—October 25, 2004—Dorado Corporation, the leader in mission-critical, on-demand solutions for home lending, and Ellie Mae Inc., an award-winning provider of software and Internet connectivity for mortgage industry participants, announced at the Mortgage Banker's Association of America 2004 Annual Convention and Expo that they have expanded their strategic partnership. In addition to integrating Ellie Mae's ePASS® Network of over 25,000 mortgage brokerages, correspondents and third-party origination companies with Dorado ChannelMaster®, the companies will also integrate the ePASS network of settlement service providers into Dorado SourceMasterT. Dorado will also begin to offer Ellie Mae's Encompass® Mortgage Management System as a mobile POS tool for ChannelMaster users.

The expanded SourceMaster/ePASS integration will provide Dorado customers with seamless access to Ellie Mae's extensive network of mortgage origination companies, as well as to its network of over 90,000 settlement service providers. The ePASS integration into SourceMaster will significantly streamline Internet-based data exchange and communication between major lenders and their originators and settlement service providers.

The Encompass/ChannelMaster integration will give loan officers who use ChannelMaster full POS functionality even when they are disconnected from the Internet. Once the loan officer is reconnected with the Internet, data gathered through the "untethered" Encompass POS can be electronically uploaded into ChannelMaster. This integration will eliminate the need to re-key data, providing a more streamlined, accurate, and rapid process to submit loan applications for loan officers who spend time in the field.

Dorado SourceMaster is an intelligent settlement services ordering and vendor management solution for the lending industry. SourceMaster enables lenders to automate key steps in selecting the right settlement services from the right vendor to dramatically reduce settlement service processing costs for lenders and virtually eliminate the errors, delays, and risks of manual processing. Dorado ChannelMaster is a mission-critical, on-demand enterprise software solution for home loan marketing, origination and processing. ChannelMaster facilitates communication and improves productivity by tightly integrating all participants in the mortgage process-borrowers, brokers, loan officers and operations personnel-via secure, personalized Web sites.

"The integration of SourceMaster with the ePASS Network will help us further deliver on the customer benefits of SourceMaster," said Dain Ehring, CEO, Dorado. "It gives our lenders seamless access to a vast array of service providers without having to lock themselves in to any one vendor or Vendor Access Network. The integration of Encompass with ChannelMaster gives our customers more freedom to do business the way that works best for them. Removing barriers, creating choices, opening access-these are the things that will ultimately drive the mortgage process forward into the 21st century."

Ellie Mae's ePASS Network is the industry standard Web transaction platform, connecting over 25,000 third-party mortgage origination companies, using any of the top seven loan origination systems (LOS) to more than 40 of the top 100 lenders and over 90,000 settlement service providers and enabling all parties to seamlessly transfer loan data, eliminate redundant work, close loans faster and reduce origination costs. ePASS connectivity between lenders and their originators provides a simple two-click upload for loan submissions from TPOs directly into lenders' websites or LOS systems, shortening the time to submit from 10 minutes to a few seconds per loan submission. The Dorado Ellie Mae integration assures secure, encrypted data transmission to protect sensitive consumer information in compliance with Gramm-Leach-Bliley safeguards.

"Dorado continues to be an important partner for us," said Sig Anderman, chairman and CEO of Ellie Mae. "SourceMaster, ChannelMaster, and the service-oriented technologies that underlie them are moving the industry forward in critically important ways. With this new extension of our agreement, Dorado customers will now have access to virtually every mortgage company and settlement service vendor in the industry."

To facilitate the integration, Dorado will utilize the Dorado .MORT Web Services platform. .MOR provides a complete package of services and technologies to ensure efficient, reliable, standardized integration of software applications with other applications, legacy systems, and external services.

About Dorado Corporation

Dorado Corporation is the leader in mission-critical, on-demand solutions for home lending. Dorado's innovative solutions are installed by numerous top-tier lenders and enable more than 130,000 lending professionals to increase efficiency and productivity at the point of sale. The solutions also drive cross-sell/up-sell opportunities by increasing workflow flexibility and simplifying technology integrations for leading lenders such as Chase Manhattan Mortgage Corporation, Citi, Countrywide Home Loans, and Washington Mutual. www.dorado.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 Web Sites 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 every mortgage companies in the United States to easily do business online with more than 40 of the top 100 lenders and over 90,000 settlement service providers. Ellie Mae lender customers in the ePASS network include Countrywide Home Loans, Wells Fargo Bank, CitiMortgage, Bank of America, New Century Mortgage, GreenPoint Mortgage, Flagstar Bank, IndyMac Bank and Irwin Mortgage. Ellie Mae is based in Dublin, California. To learn more about Ellie Mae, visit www.elliemae.com or call (888) 955-9100.

Press contact:

Melinda Mattei
Dorado Corporation
650-227-7329
mmattei@dorado.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.

Copyright © 2004 Dorado Corporation. All rights reserved. Dorado ChannelMaster and Dorado PriceMaster are registered trademarks of the Dorado Corporation. Dorado, the Dorado logo, Dorado SourceMaster and Dorado .MOR are trademarks of Dorado Corporation. Other company and/or product names may be trademarks or registered trademarks of their respective companies.