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Ellie Mae Launches Encompass Processing Network

April 18, 2006 at 11:56 AM EDT

Company strives to create most trusted source of contract processing resources

DUBLIN, CA—April 18, 2006—Ellie Mae, an award-winning provider of innovative software and services for the mortgage industry, has officially launched its Encompass Processing Network, enabling originators using the Encompass Mortgage Automation System to seamlessly leverage the services of reliable contract processing companies.

"Our goal is to establish the mortgage industry's most trusted source of easily accessible contract processing services," says Joseph Puthur, director of hosted and professional services at Ellie Mae. "With the launch of the Encompass Processing Network, Encompass users now have immediate access to reliable, knowledgeable and savvy contract processors. Today's mortgage broker is challenged to locate and hire processors who can meet the growing demands of origination and compliance. By leveraging the Encompass Processing Network and its participating partners, brokers are able to immediately connect with reliable processing resources that lower operating costs and raise customer satisfaction."

Ellie Mae is also announcing that it recently added Nationwide Processing to its select list of partners. Nationwide Processing is a Virginia-based organization with a processing center in India. Unlike offshore processing providers that have loans processed in an assembly-line style, Nationwide Processing ensures that each loan is handled from start to completion by the same processor. A three-year old company, they provide contract processing services for Carteret, one of the nation's largest branch organizations.

"We recognize that one big resistance to outsourcing loan processing is simply a trust factor," explains Guru Amrit, president of Nationwide Processing. "Outsourcing one's processing is touching the heart of a broker's organization, and therefore trust is critical. Being one of the few members of Ellie Mae's Encompass Processing Network instantly provides that trust, since Ellie Mae is very selective in accepting partners to this network."

At launch time, the Encompass Processing Network has a total of four partners on board. In addition to Nationwide Processing, the network includes E-OPS Loan Processing, e4e, and Contract Processing, Inc. Ellie Mae is evaluating additional contract processing providers in order to offer Encompass users a wide range of trusted, cost-effective loan processing options. Processing companies interested in joining the Encompass Processing Network or in finding out further information should visit www.EllieMae.com or call (888) 955-9100.

About Ellie Mae, Inc.
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 all 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.

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

Media Contacts:
Rosalie Berg
Strategic Vantage for Ellie Mae
(305) 971-5352 RosalieBerg@StrategicVantage.com