Ellie Mae Launches CenterWise Web and Document Solutions

Service offers unlimited electronic document management and an integrated retail web site to encourage e-origination

PLEASANTON, CA—March 17, 2008—Ellie Mae, the award-winning provider of innovative software and services for the mortgage industry, has launched CenterWise, an all-in-one electronic document management (EDM) and retail website package, available as a service through the Encompass Mortgage Management Solution.

“CenterWise was designed to make it affordable and convenient for mortgage originators to communicate and transact electronically with borrowers and prospects,” explains Jonathan Corr, chief strategy officer of Ellie Mae. “Originators are looking for ways to grow right now, and CenterWise helps them do so, the right way.”

CenterWise provides unlimited electronic document management, including all state-specific disclosures, delivery and archiving, along with a professional, scalable and search engine-friendly WebCenter website and secure online business center that enables communication among staff, borrowers and business partners, all for one low monthly subscription fee. “The system opens up a lot of opportunities,” adds Corr. “CenterWise clients can set up WebCenters for as many employees and branches as they like. They’re limited only by the number of employees they have.” CenterWise is available as a service to Encompass users, and is completely integrated into the Encompass Mortgage Management Solution.

“At a time when mortgage companies are looking to streamline operations and cut costs, Ellie Mae is offering a solution that harnesses the full power and benefit of working electronically in Encompass, all for one low monthly subscription,” states Corr. “With CenterWise, users can work electronically, which cuts administrative costs, saves time, increases efficiency and significantly reduces the incidence of human error. Originators can receive leads and online applications directly into their Encompass systems, and loan officers and processors can keep borrowers and partners informed about loan status 24/7 without having to pick up the phone or worry about misplaced documents.”

CenterWise enables users to extend their enterprise software to their business partners, prospects and customers. Users can easily establish and maintain a customizable, professional, search engine-friendly website that connects internal staff as well as outside clients and partners, while providing direct connectivity with the Encompass Mortgage Management Solution.

“CenterWise makes it fast and easy to get loan applications, to secure leads, deliver disclosures, provide status updates and gather documents, all without the risk or time constraints of faxed, emailed, mailed or couriered documents,” explains Corr. “Plus, with a secure online business center, colleagues can work together on the same loan file even if they’re in different branch locations. Online applications flow directly into the user’s Encompass pipeline and because data and information exchange is electronic, it’s not only instantaneous, it’s also secure and tamper-proof as well.”

With CenterWise, users have unlimited use of Encompass EDM for their entire organization, and can use this feature to request and receive borrower documents without having to leave the loan file. “Users can send state-specific electronic disclosures for all 50 states, plus they can receive confirmation when borrowers accept or decline them,” adds Corr. “This level of electronic transmission saves costs and helps companies avoid the processing delays associated with paper handling and express mail. It saves time and money while also boosting security of transmission.”

CenterWise is currently available for both banker and broker users of the Encompass Mortgage Management Solution.

“There’s no question that our industry is moving more and more toward full technology optimization in both origination and closing,” says Corr. “With CenterWise, we’re making complete e-origination an even more economical and easily attainable reality.”

About Ellie Mae

Ellie Mae is an award-winning provider of software and services for the mortgage industry, offering comprehensive business solutions for mortgage brokers, mortgage bankers and lenders. The company's key offerings include the flagship Encompass Mortgage Management Solution, the Encompass WebCenter, Electronic Document Management (EDM), Encompass CenterWise™ and Encompass Closer. More than 150,000 mortgage professionals use the Encompass mortgage management solution, including two-thirds of the nation’s top 300 brokers and nine of the top 10. Ellie Mae is recognized for linking the many parties critical to the mortgage origination industry through its ePASS Network. One third of the nation's almost $2 trillion in new mortgages originated every year pass through the ePASS platform, enabling mortgage companies to easily conduct electronic business transactions with dozens of leading lenders and thousands of settlement service providers. 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.

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2008 Ellie Mae, Inc. All rights reserved. Ellie Mae, Encompass, and ePASS are registered trademarks and Encompass CenterWise, and Ellie Mae Closer are trademarks of Ellie Mae, Inc. in the United States.

Press Contact:

Rosalie Berg
Strategic Vantage for Ellie Mae
(305) 971-5352
pr@strategicvantage.com

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