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FREE COMPLIANCE CHECK INTEGRATED INTO ELLIE MAE'S ENCOMPASS LOS
ComplianceEase brings sophisticated compliance check to brokers using Encompass

DUBLIN, CA -June 23, 2006 - Ellie Mae, an award-winning provider of innovative software and services for the mortgage industry, has partnered with ComplianceEase®, an industry-leading provider of automated compliance and risk management solutions, to offer free, automatic compliance audits to mortgage brokers using Ellie Mae's Encompass® Mortgage Automation System.

"Compliance is essential these days, so having a compliance check built into a loan origination system provides great benefits to mortgage brokers," said Jonathan Corr, Ellie Mae's chief strategy officer. "Thanks to this free, one-click service, Encompass users can instantly see whether any given loan meets industry regulations, thereby significantly minimizing the need for manual review."

Available immediately in the latest version of Encompass, the new compliance audit service powered by ComplianceEase builds on Ellie Mae's acclaimed loan origination solution. The compliance check is free of charge with every loan submission to one of the 45 plus lenders available on the ePASS® Network.

In an age of increased regulatory hurdles, the compliance check will work to ensure that loans comply with federal, state and municipal regulations such as HOEPA (Home Ownership and Equity Protection Act), Truth-In Lending, and state and municipal high-cost lending laws. Regulatory compliance often proves costly to originators and brokers. However, ComplianceEase's automated compliance solution will empower Encompass users by further automating their origination process, reducing risk, increasing loan quality, and improving time management.

Studies conducted by Ellie Mae in 2005 among 415 mortgage brokers and mortgage bankers found that over one third of them do not review their loans for compliance. This extends closing times and can place a loan's approval at risk. Of those that do conduct compliance checks, it is either outsourced at an unnecessary cost or performed manually, creating a difficult burden.

The automatic compliance check provides users with an easy to understand "pass" or "fail" designation, thus increasing the efficiency and accuracy of loan approvals. Originators that wish to get additional details on loans that failed the compliance check can get an instant, in-depth report for a nominal fee.

"By integrating our technology into Ellie Mae's Encompass loan origination system, we are enabling mortgage brokers to benefit from technology that is normally only available to lenders," explained David Girling, executive vice president at ComplianceEase. "In today's market, it is essential for brokers to have more control over their origination process. This new partnership enables brokers to ensure loan compliance by building on the exceptional functionality that Encompass provides, and to simultaneously streamline the overall underwriting and origination process. This will ultimately help originators reduce costs across the board."

About Ellie Mae
Ellie Mae is an award-winning provider of software and services for the mortgage industry, which was recently named to the Inc. 500 list of America's fastest growing private companies. Ellie Mae provides a comprehensive line of products and services including the company's flagship Encompass® mortgage automation system, Contour and Genesis 2000® loan origination software, Encompass 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 mortgage companies in the United States to easily do business online with dozens of leading lenders and thousands of 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.

About ComplianceEase
ComplianceEase, a division of LogicEase Solutions Inc., headquartered in the San Francisco Bay Area, is a premier provider of intelligent business solutions to the financial services industry. ComplianceEase's web-based platform - ComplianceAnalyzer® - is the mortgage industry's leading automated compliance solution. The ComplianceEase expert system utilizes advanced reasoning and decisioning technologies as well as natural language processing to power beginning-to-end solutions in a fraction of the time and for a fraction of the cost of traditional approaches, while providing high levels of accuracy and integrity. ComplianceEase's significant and growing client base includes top tier mortgage lenders, banks, and Wall Street firms. Managed by a team of highly experienced and innovative mortgage professionals, the company is funded by the First American Corporation, the WI Harper Group, and the senior management team. For more information about ComplianceEase, visit www.ComplianceEase.com.

Ellie Mae, Encompass, ePASS, and Genesis 2000 are registered trademarks, and Contour, Encompass Websites, and Ellie Mae Docs are trademarks, of Ellie Mae, Inc. All rights reserved.

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