Ellie Mae's Stephanie Berger Appointed to MISMO Governance Committee

PLEASANTON, CA—January 27, 2010—Ellie Mae®, the enterprise mortgage origination solutions provider for mortgage bankers, mortgage brokers, community banks, credit unions and other mortgage lenders announced today that Stephanie Berger, the company’s director of e-mortgage solutions, has been appointed to the Mortgage Bankers Association’s MISMO (Mortgage Industry Standards Maintenance Organization) Residential Governance Committee.

Reporting to the MISMO board of directors, the MISMO Governance Committee is responsible for administering the day-to-day standards development activities of MISMO and for maintaining the architectural consistency of the MISMO standards in accordance with MISMO’s policies and procedures. The committee is comprised of 18 representatives elected from MISMO subscriber companies that do business in the residential mortgage industry. Each member serves for a two-year term, with half of the seats up for election each year.

“Ellie Mae believes in supporting and contributing to the standards that will bring more efficiency and productivity within the mortgage industry, especially in these changing times,” says Limin Hu, co-founder and chief technology officer for Ellie Mae. “We are very pleased to have Stephanie contributing on this important committee.”

Berger has an eight-year history with MISMO that began in 2001 as co-chair of MISMO’s Origination Workshop and leader of the Closing subgroup, where she collaborated in the development of the extensive Closing v2.3 dataset, the first MISMO standards release that facilitated processes critical to the paperless mortgage initiative. Berger also served as a representative on Core Data Structures and on MISMO’s Council of Chairs, for which she was acknowledged as a 2006 MISMO IT All-Star by Mortgage Banking magazine. Most recently, she was a collaborator in the Closing v2.6, the most recent standards release that supports recent RESPA changes, the SAFE Act and loan modification package implementation efforts.

In her current position with Ellie Mae, Berger is responsible for aligning the company’s e-mortgage data formats with MISMO standards, and incorporating MISMO standards in Ellie Mae’s current and future initiatives, which include e-disclosures, e-signing, e-closings and e-notes.

About Ellie Mae

Ellie Mae provides enterprise mortgage origination solutions for mortgage bankers, mortgage brokers, community banks, credit unions and other mortgage lenders. The company's offerings include the Encompass® and Encompass360™ Mortgage Management Solutions, Encompass CenterWise™ websites and electronic document management services, and Encompass Closer™ document preparation services. Ellie Mae also hosts the Ellie Mae Network that allows mortgage professionals to conduct electronic business transactions with the lenders and settlement service providers they work with to process and fund loans. 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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© 2010 Ellie Mae, Inc. All rights reserved. Ellie Mae and Encompass are registered trademarks and Encompass360, Encompass CenterWise and Encompass Closer are trademarks of Ellie Mae, Inc. in the United States.

PRESS CONTACT:

Rosalie Berg
Strategic Vantage Marketing & Public Relations
(305) 971-5352
PR@StrategicVantage.com

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