Market Overview

Ellie Mae Enhances Workflows With Fannie Mae and Freddie Mac Ahead of Uniform Closing Dataset Delivery Mandate


(NYSE:ELLI), a leading provider of innovative on-demand
software solutions and services for the residential mortgage industry,
announced enhanced workflows with Fannie Mae and Freddie Mac are now
available through Ellie
Mae's Encompass® all-in-one mortgage management solution

to support the new Uniform Closing Dataset (UCD) ahead of the September
25, 2017 delivery mandate. The UCD is a common industry dataset allowing
information on the CFPB's Closing Disclosure to be communicated
electronically. Fannie Mae and Freddie Mac have developed the UCD at the
direction of the Federal Housing Finance Agency (FHFA) as part of the
Uniform Mortgage Data Program®, an ongoing initiative to enhance loan
quality and consistency through uniform loan data standards for the
single-family loans the GSEs purchase.

The integration with Fannie Mae's UCD collection solution through
Encompass helps drive efficiency by offering flexible options for
delivering the UCD file at multiple points in the business process,
featuring data quality and eligibility checks. Fannie Mae has also
enabled non-seller correspondent lenders to access these checks by
submitting UCD files directly on behalf of their aggregators.

"Having this capability in place several months ahead of the required
date means our lenders who use Encompass have transition time to
incorporate the new closing data submission into their processes,"
commented Henry Cason, Fannie Mae's SVP and Head of Digital Products.
"Fannie Mae appreciates Ellie Mae's collaboration on this important work
to support our joint customers."

Ellie Mae's Encompass also includes integration with Freddie Mac Loan
Closing AdvisorSM to give lenders confidence that their
closing data meets the UCD data quality, calculations and eligibility
checks prior to loan delivery. Loan Closing Advisor provides actionable
feedback messages to help Freddie Mac sellers and their correspondents
identify and resolve closing data defects before they close the loan.

"Lenders can think of this as an early warning system that brings new
efficiency to the closing process," said Andy Higginbotham, Senior Vice
President and head of Strategic Delivery for Freddie Mac's Single-Family
Business. "We are testing against the UCD specification for
completeness, validity, data consistency, calculation accuracy and
purchase eligibility. That helps lenders identify and correct errors,
which gives them confidence that their closing data aligns with the UCD

Ellie Mae's Encompass solution enables banks, credit unions and mortgage
lenders to create and fund mortgages in one system of record for
compliance review, quality assurance and improved efficiency at every
loan stage.

"As lenders prepare for the new Uniform Closing Dataset mandate this
fall, Ellie Mae is providing customers with innovative solutions and
seamless workflow to improve quality and compliance," said Joe Tyrrell,
executive vice president at Ellie Mae. "By offering these capabilities
well ahead of the September deadline, our lenders have time to prepare,
understand new data and timing requirements and train staff on how to
submit UCD files directly through our Encompass solution."

For more information, view the complimentary webinars designed to help
lenders prepare for both Fannie
Mae's UCD collection solution
and Freddie
Mac's Loan Closing Advisor

About Ellie Mae:

Ellie Mae (NYSE:ELLI) is a leading provider of innovative on-demand
software solutions and services for the residential mortgage industry.
Mortgage lenders of all sizes use Ellie Mae's Encompass®
all-in-one mortgage management solution, Mavent Compliance Service and
AllRegs research, reference and education resources to improve
compliance, loan quality and efficiency across the entire mortgage
lifecycle. Visit or
call 877.355.4362 to learn more.

About Fannie Mae:

Fannie Mae is focused on advancing a sustainable and reliable business
model that reduces risk to the housing finance system and taxpayers;
providing reliable, large-scale access to affordable mortgage credit for
qualified borrowers and helping struggling homeowners; and serving
customer needs and improving our business efficiency. We are setting
responsible standards for the mortgage industry, paying dividend
payments to Treasury, and helping homeowners facing hardship keep their
homes or avoid foreclosure. For more information, visit

Fannie Mae's Integration Platform: The new business-to-business
integration platform provides a simple, reliable, and efficient way to
connect to Fannie Mae's technology solutions. By enabling a seamless
integration process, the platform is intended to eventually centralize
all direct interfaces to our applications. The UCD collection solution
is the first available solution on the platform; since September 2016,
lenders and technology solution providers have been able to test and
deliver the UCD XML file, in preparation for the September 25, 2017 UCD
mandate. Learn more on Fannie Mae's UCD

About Freddie Mac:

Freddie Mac was established by Congress in 1970 to provide liquidity,
stability and affordability to the nation's residential mortgage
markets. Freddie Mac supports communities across the nation by providing
mortgage capital to lenders. Today Freddie Mac is making home possible
for approximately one in four home borrowers and is the largest source
of financing for multifamily housing. Additional information is
available at,
and Freddie
Mac's blog

Freddie Mac Loan Advisor Suite(SM): Freddie Mac Loan Advisor Suite(SM)
is a new smart, end-to-end technology solution designed to provide
lenders with greater certainty and insight into the purchase eligibility
of their loans throughout the loan production process. By providing
automation and transparency in the loan production process, Loan Advisor
Suite assesses credit, capacity and collateral to help lenders validate
the quality of the loans they originate. The tools cover the entire loan
lifecycle from loan application to closing and beyond; they're available
together in a central Web portal accessed via single sign-on or through
many technology solution providers. More information is available at

© 2017 Ellie Mae, Inc. Ellie Mae®, Encompass®, AllRegs®, 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.

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