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Ellie Mae Announces Second Major Encompass360 Upgrade for 2011

The upgrade's major enhancements include:

• Functionalities for complying with the new data delivery requirements, including the Uniform Loan Delivery Dataset (ULDD) and Uniform Collateral Data Portal (UCDP)
• Integration with DataTrac, through Encompass Originator
• New secondary marketing functionalities for Encompass360 Banker Edition clients
• New document recognition functionality with bar coding for all e-disclosure and closing documents
• New and expanded status online communications options
• Ability to process borrower credit cards in the appraisal solution center
• Numerous additional client-requested enhancements

Encompass360 now supports ULDD requirements, enabling users to export one or more loan files to be submitted to the GSEs. The new UCDP service, which uses an integrated systems interface to the GSEs' UCDP, allows users to submit electronic appraisal data files, receive status and findings, correct and modify appraisal file submissions, and request overrides should an appraisal not be accepted by the UCDP.

This upgrade's trade management and secondary marketing enhancements enable more flexibility with detailed viewing and tracking of mortgage-backed securities and assignment of trades. Rate lock and secondary registration enhancements include lock extensions and expanded functionality for buy side profit and price concessions.

Among the many additional upgrades are enhancements to Encompass360's electronic document management capabilities, which include additional bar coding, destination scanning from network scanners to eFolders, and eSigning of non-disclosure documents. New status online communications now further support and extend clients' brands by enabling consistency and structure across outbound communications to borrowers and partners. Numerous compliance-focused changes have also been made to support USDA loans, and changes have been made to the HUD-1, the statement of denial, and other forms.

New integration for DataTrac users

Encompass Originator provides single-click access between Encompass360 and DataTrac, creating a comprehensive and cohesive front-end/back-end origination solution built on the two technologies. With this integration, users of both solutions can now easily submit loans directly from Encompass360 to DataTrac, without having to re-key, import or export any data.

Encompass Originator includes all of Encompass360's front-end capabilities, including all the new upgrade enhancements. Now DataTrac clients can have access to Encompass CenterWise , Ellie Mae's secure web and electronic document management service; a secure e-folder for paper-free document signing and exchange; numerous integrations with third party solution providers; easy-access customizable pipeline views; HUD integration; powerful tracking and alert systems; built-in compliance management tools designed to enhance RESPA and MDIA compliance; appraisal ordering and management, customer relationship management and more, all from the same company.

"The industry's changing regulations and procedures are putting a lot of new demands on lenders, and this upgrade provides the tools to respond to many of those demands, whether from regulators or investors," said Jonathan Corr, COO of Ellie Mae. "At Ellie Mae, our clients feel comfortable about voicing their needs because they know we take action. This upgrade reflects the changing needs of our clients, while continuing our mission to build the most streamlined, easy-to-use technology for transacting the highest quality loans."

About Ellie Mae

Ellie Mae (NYSE Amex: ELLI) is a provider of automation solutions for the mortgage industry. The company's offerings include the Encompass, Encompass360 and DataTrac mortgage management software systems. Ellie Mae hosts the Ellie Mae Network that allows mortgage professionals to conduct electronic business transactions with the lenders and settlement service providers they work with to process and fund loans. Ellie Mae was founded in 1997 and is based in Pleasanton, California. To learn more about Ellie Mae, visit www.EllieMae.com or call 877.355.4362.

(c) 2011 Ellie Mae, Inc. Ellie Mae, Encompass^®, Encompass360, DataTrac^®, Ellie Mae Network , CenterWise and the Ellie Mae logo are registered trademarks or trademarks of Ellie Mae, Inc. or its subsidiaries. All rights reserved. Other company and product names may be trademarks or copyrights of their respective owners.

Campbell Lewis Communications for Ellie Mae
Bill Campbell, 212-995-8057
bill@campbelllewis.com