First Bank Mortgage Selects Ellie Mae® Encompass360®

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Selection Criteria: Business Rules, End-to-End Capabilities And TPO-Client Needs

PLEASANTON, CA – March 21, 2012 – (RealEstateRama) — Ellie Mae® (NYSE Amex: ELLI), a leading provider of enterprise level, on-demand automated solutions for the residential mortgage industry, today announced that First Bank Mortgage of Augusta, GA, a division of First Bank of Georgia, has selected Encompass360® as its mortgage management solution. In 2011, First Bank Mortgage originated more than $400 million in mortgages through its retail branches and 60 correspondent lenders.

Prior to selecting Encompass360, First Bank Mortgage had been using multiple systems, which made it increasingly difficult for their wholesale correspondent lending clients to do business with them. Third-party origination (TPO) lenders generated approximately 60 percent of First Bank Mortgage’s total volume in 2011 and are expected to account for roughly the same level of volume this year, according to the company. For more than six months, First Bank Mortgage evaluated various loan origination systems (LOS) before ultimately selecting Encompass360.

“Every shop is different and has different needs. Ellie Mae understands this and Encompass360 allows users to set the system up in the best possible way for them,” said Thomas Bird, First Bank Mortgage’s executive vice president and a former president of the MBA of Georgia. “For us, this meant implementing a system that will make it easier for our TPO clients to do business with us online and to do it paperlessly. Encompass360 also enables us to customize our business rules to enhance compliance, which is a big issue for us. It also comes with a pricing engine, which saved us the cost of buying and integrating one.”

Mr. Bird estimates that Encompass360® will produce at least $200,000 in hard-cost savings in the first full year, following implementation. “That’s not counting intangibles like higher productivity, increased business, improved customer service or the cost savings of preventing mistakes that could lead to compliance penalties or buybacks.”

To build excitement for the new platform, First Bank Mortgage is creating and distributing t-shirts with Ellie Mae’s Encompass360 logo when they kickoff their new system on April 1. Mr. Bird said, “This is a big deal for us and we expect to save a significant amount of time and money. But going through a system change, even if it goes smoothly, is still stressful for our employees. So, we thought it would be a good idea for them to wear the t-shirts and blue jeans one day and have some fun with it.”

“We have never had a client so excited about launching Encompass360 that they wanted to create t-shirts,” said Jonathan Corr, Ellie Mae’s chief operating officer. “But I can understand why. First Bank Mortgage’s move from multiple software systems to a complete, enterprise solution will give them more control, allow them to more efficiently manage loan officers and correspondents, and be more nimble when handling compliance, market and technology issues as they evolve. At the same time, they’ll have greater confidence that they are originating quality assets.”

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 discussions regarding the anticipated benefits of using our on-demand automated solutions, including the ability to reduce operational costs for clients. 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 to the final prospectus relating to its initial public offering and the company’s most recent Quarterly Report on Form 10-Q. 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, Inc. is a leading provider of on-demand automation solutions for the mortgage industry. The Company offers an end-to-end solution, delivered using a Software-as-a Service model, that serves as the core operating system for mortgage originators and spans customer relationship management, loan origination and business management. The Company 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. The Company’s offerings include the Encompass®, Encompass360® and DataTrac® mortgage management software systems.

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.

© 2012 Ellie Mae, Inc. Ellie Mae®, Encompass®, Encompass360®, DataTrac®, Ellie Mae Network™, and the Ellie Mae logo are registered trademarks or 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.

PRESS CONTACT

Bill Campbell
Campbell Lewis Communications
212.995.8057

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