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Ellie Mae Announces New Major Release of Encompass Digital Mortgage Solution

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Release Drives Quality, Compliance and Efficiency for Encompass;
Ensures Know Before You Owe Compliance

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 its Encompass®
digital mortgage solution. 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
enhancements to support Know Before You Owe 2 (KBYO2) rule changes, a
new customizable TPO workflow, new correspondent investor integrations,
and product and pricing enhancements.

"We're offering complete digital mortgage solutions to help our
customers succeed by enabling them to close more loans by increasing
efficiencies, reduce the time to close by offering intelligent
automation and reducing the cost to originate," said Jonathan Corr,
president and CEO of Ellie Mae. "With the 18.3 major release of
Encompass we're ensuring compliance with the upcoming Know Before You
Owe guidelines and offering enhancements to our Connect solutions to
help our lenders be more productive while growing their businesses."

Key highlights for the Encompass 18.3 release include:

Know Before You Owe 2 Rule Enhancements: Highlights from our
second and final round of KBYO2 rule updates include an improved
workflow for disclosing to Non-Borrowing Owners and support for
tolerance cures using Principal Reduction. This update ensures that
lenders stay fully compliant with the CFPB's KBYO borrower disclosure
guidelines that are mandatory starting October, 2018.

Customizable TPO Workflow: To help wholesale lenders and
correspondent investors provide their third party originators with an
improved, streamlined user experience that enables them to process loans
faster, Ellie Mae has made updates to Encompass TPO Connect™ that enable
users to fully customize TPO website workflows, loan pipeline and
reporting views, and notifications for each channel they support.

New Correspondent Investor Channels: To improve turn time for
lenders and offer easier purchase decisions for investors, Ellie Mae's
Encompass Investor Connect™ offers streamlined closed loan delivery
through integrations with Caliber Home Loans, Flagstar Bank, Pacific
Union Financial and Wells Fargo. More integrations will be announced in
the coming weeks.

Webhooks API: A new change event type has been added to the
Webhooks API. The change event type allows users to subscribe to
attribute level changes on the loan file. For example, users can
automatically receive notification of changes in borrower information,
loan milestones, loan assignment, etc. This enables lenders to automate
and increase the speed of loan processing while reducing human
intervention.

Product and Pricing: Ellie Mae is now offering Virtual Programs
in Encompass Product & Pricing Service™ (EPPS) that enable lenders to
offer uniquely priced versions of an investor's programs while
continuing to offer the investor's existing programs. New Custom Field
Tabs in the admin settings deliver greater qualification capabilities
including the ability to pull in additional fields from Encompass at
lock request. The new update also offers EPPS Field Mapping of the
Borrower and Lender Paid Value in the Encompass Calculation for the
Total Loan Amount when using Encompass-based compensation plans.

For more information about Encompass, 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 18.2 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.

© 2018 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.

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