Ellie Mae Announces New Major Release of Encompass Digital Lending Platform

Release highlights include expanded HELOC origination support, ADA
capabilities within Consumer Connect and enhancements for Correspondent
and Wholesale Lending enhancements

PLEASANTON, Calif.–(BUSINESS WIRE)–Ellie
Mae
® (NYSE:ELLI), the leading cloud-based platform
provider for the mortgage finance industry, announced today that it has
launched a new major release of Ellie
Mae’s Encompass Digital Lending Platform™
. The latest release will
help lenders of all sizes originate more loans, lower origination costs
and shorten the time to close with compliance, efficiency and quality.
Key highlights include expanded HELOC origination support, the addition
of Americans with Disability Act (ADA) capabilities within Consumer
Connect™
and Correspondent and Wholesale Lending enhancements.

“Ellie Mae is offering a true digital mortgage solution to help our
customers succeed in today’s competitive marketplace,” said Jonathan
Corr, president and CEO of Ellie Mae. “With this new release we’re
offering multi-channel opportunities for growth with innovation to help
lenders engage with more homebuyers, capitalize on the growing HELOC
demand and boost loan acquisition productivity and efficiencies for
correspondent and wholesale channels.”

Key highlights for the Encompass Digital Lending Platform 19.1 release
include:

Expanded HELOC origination support: To streamline the HELOC loan
qualification process for consumers, Ellie Mae has added a new HELOC
calculator to Encompass designed to enable Loan Officers to identify the
maximum draw amount and credit limit. In addition, to help lenders sell
HELOC loans on the secondary market faster, Ellie Mae has added the
ability to view all HELOC details within a lock request transaction and
a Lock Request Form that seamlessly integrates with the Encompass
Product & Pricing Service™
HELOC programs.

Consumer Connect ADA enhancements: To make Consumer Connect
sites, the Borrower Portal and loan application accessible to everyone,
Ellie Mae is introducing out of the box ADA accessible website
templates, borrower portal and loan application. These new templates
conform to the usability standards set forth by the Web Content
Accessibility Guidelines (WCAG) 2.0 Level A and AA. WCAG 2.0 is an
industry-standard set of guidelines for creating web content that is
accessible to a wide range of people with disabilities.

In addition, new borrower widgets offer the ability to add a Consumer
Connect loan application and/or borrower portal into a lender’s existing
online presence to streamline and integrate the experience for consumers.

Correspondent and Wholesale Lending Enhancements: The Encompass
Digital Lending Platform 19.1 release also includes significant
enhancements to TPO
Connect™
, Ellie Mae’s broker and correspondent seller portal
solutions. These include automated document upload notifications,
multi-channel workflow enhancements and support for additional third
party credit provider integrations to help correspondent investors and
wholesale lenders collaborate more effectively with brokers and sellers.
It also includes enhanced trade management purchase advice workflows to
help correspondent investors acquire loans faster.

For more information about the Encompass Digital Lending Platform,
visit: http://www.elliemae.com/encompass/encompass-overview

About Ellie Mae

Ellie Mae (NYSE:ELLI) is the leading cloud-based platform provider for
the mortgage finance industry. Ellie Mae’s technology solutions enable
lenders to originate more loans, lower origination costs, and reduce the
time to close, all while ensuring the highest levels of compliance,
quality and efficiency. Visit EllieMae.com
or call (877)355-4362 to learn more.

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 statements regarding the
benefits to Ellie Mae’s customers of the Encompass Digital Lending
Platform 19.1 software release. These statements involve known and
unknown risks, uncertainties, and other factors which may cause actual
results to be materially different than those expressed or implied in
such statements. The forward-looking statements included in this press
release are made only as of the date hereof. Ellie Mae cannot guarantee
future results, levels of activity, performance or
achievements. Accordingly, you should not place undue reliance on these
forward-looking statements. Finally, Ellie Mae expressly disclaims any
intent or obligation to update any forward-looking statements to reflect
subsequent events or circumstances, unless otherwise required by law.

© 2019 Ellie Mae, Inc. Ellie Mae®, Encompass®, AllRegs®, Mavent®,
Velocify®, the Ellie Mae logo and other trademarks or service marks of
Ellie Mae, Inc. appearing herein are the property of Ellie Mae, Inc. or
its subsidiaries. All rights reserved. Other company and product names
may be trademarks or copyrights of their respective owners.

Contacts

Erica Harvill
Ellie Mae, Inc.
(925) 227-5913
[email protected]

Caitlin Coffee
Allison+Partners
(312) 635-8204
[email protected]

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