Mortgage Pricing Systems Product and Pricing Engine Integrates into Ellie Mae's Encompass Mortgage Management Solution

MONTVILLE, NJ and PLEASANTON, CA —August 11, 2009—Mortgage Pricing Systems (MPS), a provider of product and pricing solutions for small to large mortgage banks, has integrated LEAP!, its product and pricing engine into Ellie Mae’s award-winning Encompass Mortgage Management Solution. This integration enables Encompass users to automatically export a loan file into LEAP! and return key product and pricing data back to Encompass with just a few clicks.

“We’ve been using Encompass very successfully for quite some time, and this integration has made it exponentially easier for us to access what we feel is the most accurate product and pricing information available on the market,” says Craig Willis, chief technology officer for Amerifirst Financial, an Encompass and Mortgage Pricing Systems user. “Integrating these two powerful systems gives Amerifirst the confidence and speed we need to maintain our stance as a strong and legitimate contender in this challenging and competitive market.”

Mortgage Pricing Systems distinguishes itself from other product and pricing engine providers by giving Encompass users immediate access to pricing, eliminating the need for additional data entry on the LEAP! website.  Qualified programs and pricing are displayed in seconds. Furthermore, by combining simple presentation with numerous sorting and filtering options, users can modify desired rate, price, and program (agency, FHA and VA) on a single page without constantly re-qualifying a loan.

“We’ve become known for our speed, accuracy, and service as well as our straightforward qualification results,” says John Coppa, managing partner of Mortgage Pricing Systems. “One of the comments we’re constantly receiving from our customers is how easy it is to get to the data they need, without having to search in circles. Everything is presented in an easy-to-read format, so users don’t have to sift through unnecessary boxes, fields and ads to get what they are looking for. Our integration with Encompass is so seamless that our users hardly realize they’ve left the Encompass system at all.”

“We’re in an industry where speed, accuracy and collaboration are integral to a company’s success,” says Jonathan Corr, chief strategy officer for Ellie Mae. “By collaborating with companies like Mortgage Pricing Systems, Ellie Mae is furthering its goal of providing customers with the power to choose the tools that give them the best chances for success.”

About MPS

Mortgage Pricing Systems develops and maintains product eligibility and loan pricing solutions for small, medium and large mortgage banks. LEAP! Interactive, the point-of-sale, online technology fully integrates into existing client platforms. In addition, other LEAP!products include automatic rate alerts, batch pricing, and numerous API solutions. All MPS offerings feature the same robust rules engine incorporating up-to-the-minute pricing, guideline, and adjustment changes, ensuring bankers and investors accurate, actionable and profitable results.

About Ellie Mae, Inc. 

Ellie Mae is an award-winning provider of software and services for the mortgage industry, offering comprehensive business solutions for mortgage bankers, mortgage brokers and lenders. The company's key offerings include the flagship Encompass® Mortgage Management Solution, Encompass CenterWise™ and Encompass Closer. More than 120,000 mortgage professionals use the Encompass Mortgage Management Solution. A recipient of the prestigious Inman Award as the most innovative company in the mortgage industry and acknowledged as a Top 50 service provider by Mortgage Technology for two years in a row, Ellie Mae is recognized for developing technology that links the many parties critical to the mortgage origination industry through its patented ePASS® technology. One quarter of the nation's more than $2 trillion in new mortgages originated every year pass through Ellie Mae’s ePASS technology, enabling mortgage companies to easily and securely conduct electronic business transactions with dozens of leading lenders and more than 2,000 settlement service providers. As part of a 2008 acquisition by Ellie Mae, the company also offers the products and services of Online Documents, the industry’s leading provider of flexible, compliant electronic mortgage documents and related services for the mortgage industry. Ellie Mae was founded in 1998 and is based in Pleasanton, California. To learn more about Ellie Mae, visit www.EllieMae.com or call 877.355.4362.

© 2009 Ellie Mae, Inc. All rights reserved. Ellie Mae, Encompass, and ePASS (patent No. 7,444,302) are registered trademarks and Encompass CenterWise and Encompass Closer are trademarks of Ellie Mae, Inc. in the United States.


PRESS CONTACT:

Mortgage Pricing Systems:

Tom Lyons
(973) 917-3050
TLyons@mtgpricing.com

Ellie Mae:

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

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