Ellie Mae's Encompass Banker Mortgage Management System Now Available as a Hosted, Pay-As-You-Go Service

Ellie Mae responds to surge in demand for hosted products as originators seek to minimize overhead expenses

Dublin, CA—October 3, 2007—Ellie Mae, an award-winning provider of innovative software and services for the mortgage industry, has just made Encompass Banker Edition available as a hosted solution. Now, mortgage bankers and brokers-becoming-bankers can benefit from leveraging Encompass Banker Edition on a pay-as-you-go model without having to manage deployment or maintain the software in-house.

Since its release in December 2006, Encompass Banker Edition has become the choice of over 100 mortgage companies. And effective October 2007, Encompass Banker Edition is being made available on the Encompass Anywhere™ platform, which is currently utilized by 20 percent of Encompass users and comprises 30 percent of new Encompass sales.

The hosted version of Encompass Banker Edition delivers all the strength of Encompass Banker Edition as an Internet-enabled application that offers multi-location access as a hosted and managed service.

As a hosted system, Encompass Banker Edition offers a new choice for mortgage bankers to take advantage of Encompass without having to deal with the cost and time associated with deploying and maintaining the Encompass software and necessary computer servers. The streamed solution is not only easier to manage, it’s also the most versatile and cost-effective method of delivering the benefits of Encompass Banker Edition.

With this new release, the Encompass Anywhere platform is also being upgraded. A more robust set of streaming technology not only provides higher performance and better accessibility to local resources for the user, but also removes printing challenges and makes it simple for users to leverage local applications easily. The system provides users with a powerful environment that offers reliability, robustness and failover.

"Bankers and brokers considering becoming bankers are ideal candidates for the Encompass Anywhere platform," explains Jonathan Corr, chief strategy officer of Ellie Mae. "With Encompass Banker Edition’s hosted solution, companies get the same high-quality solution that Banker Edition provides, but with the convenience and lower up-front cost of a software-as-a-service (SaaS) model."

About Ellie Mae

Ellie Mae, an award-winning provider of software and services for the mortgage industry, offers a comprehensive line of solutions that includes the company’s flagship Encompass® mortgage automation system, Contour™ and Genesis 2000® loan origination software, and the ePASS® Network. Recently awarded Mortgage Technology magazine’s Synergy Award, Ellie Mae is the choice of over 50 percent of the industry for loan origination solutions. Encompass is deployed by over half of the nation’s top 250 brokers, including seven of the top ten, and over one third of the nation’s $3 trillion in loans pass through the ePASS Network, the 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.

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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.

Media Contacts:

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

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