Ellie Mae's Encompass Provides Mortgage Lenders as much as $970 of Potential Savings and Value Per Loan

PLEASANTON, CA – May 18, 2015Ellie Mae® (NYSE: ELLI), a leading provider of innovative on-demand software solutions and services for the residential mortgage industry, announced that an independent ROI Benchmark study conducted by MarketWise Advisors, LLC showed that Ellie Mae’s Encompass all-in-one mortgage management solution provided as much as $970 of potential savings and value per loan. Conducted during the fourth quarter of 2014, the study measured results from actual Ellie Mae clients and found the savings came from a number of areas, including reduced origination costs, improved operational efficiencies, and increased loan quality and compliance.

Specific findings from the study show that Encompass® provides up to $970.14 potential savings and value per loan comprising $612.83 of improved asset quality and execution potential per loan and $337.31 of improved efficiencies and cost-savings potential per loan.

MarketWise Advisors was commissioned by Ellie Mae to analyze the financial performance and ROI of Encompass. The comprehensive study evaluated and analyzed both the potential ROI achieved through Encompass as well as the performance value of its integrated, on-demand services: Encompass Compliance Service™, Encompass Product and Pricing Service™, Encompass Docs Solution™ and the Ellie Mae Total Quality Loan™ (TQL) program.

The MarketWise Advisors’ ROI study found that Ellie Mae clients using Encompass benefitted from improved compliance, loan quality and efficiency, and realized a strong ROI. Results indicated widespread, quantifiable benefits for existing and new clients, including significant, measurable competitive advantages such as a reduction in origination costs; improved operational efficiencies, loan quality and compliance that led to improved bottom-line profitability. The Ellie Mae clients that participated in this study represent diverse lending entities, origination channels, geographies and business structures.

“At a time when all lenders are facing rising per-loan costs, increasing regulatory pressures and tighter investor guidelines, Encompass is helping many lenders lower origination costs and improve their profit margins,” said Jonathan Corr, president and CEO of Ellie Mae. “ROI is a critical factor for mortgage lenders, especially in today’s environment. The results of the MarketWise ROI Benchmark study demonstrate that the adoption of Ellie Mae’s Encompass all-in-one mortgage management solution can save lenders a substantial amount of money and provide value through improved efficiencies, loan quality and compliance.”

“This study, the first of its kind for the mortgage industry, was uniquely comprehensive in its depth and nature,” said Jordan Brown, CEO of MarketWise Advisors. “The financial impact of Encompass was the remarkable lesson of this study, with compliance management and data transparency playing the strongest roles in the solution’s ability to build value and deliver net-income impacts.”

To download the complete study, please visit http://www.elliemae.com/roi.

Encompass enables banks, credit unions and mortgage lenders to create and fund mortgages and improve compliance, loan quality and efficiency. Encompass is used by more than 119,000 mortgage professionals and thousands of mortgage companies, including six of the 20 largest U.S. mortgage lenders.

Forward-Looking Statements

This press release contains forward-looking statements under the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These forward-looking statements include the ability of Encompass to deliver savings and value per loan, including asset quality and execution improvement or improved efficiencies and cost savings, and the potential return on investment of Encompass. Additional risks and uncertainties related to the Company’s business are discussed in the Company’s Securities and Exchange Commission filings, including but not limited to the Company's Annual Report on Form 10-K for the year ended December 31, 2013. Unless otherwise required by applicable laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Ellie Mae

Ellie Mae (NYSE:ELLI) is a leading provider of innovative on-demand software solutions and services for the residential mortgage industry. Ellie Mae’s Encompass® all-in-one mortgage management solution provides one system of record that allows banks, credit unions and mortgage lenders to originate and fund mortgages and improve compliance, loan quality and efficiency. Visit EllieMae.com or call 877.355.4362 to learn more.

PRESS CONTACT

Warren Lutz
Strategic Vantage Marketing & Public Relations
(925) 899-9773
WarrenLutz@StrategicVantage.com

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© 2015 Ellie Mae, Inc. Ellie Mae®, Encompass®, AllRegs®, DataTrac®, Ellie Mae Network™, Total Quality Loan™, TQL™ and the Ellie Mae logo are 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.

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