New Ellie Mae Express Lets Mortgage Originators Establish a Web Site in Less Than 15 Minutes

Business Wire, Jan 27, 2000

Business Editors/Real Estate Writers

DUBLIN, Calif.--(BUSINESS WIRE)--Jan. 27, 2000

Ellie Mae (Electronic Mortgage Affiliates) has introduced a new product to help loan originators establish an Internet presence for only $29.95 per month. With the Web predicted to capture 30 percent of the trillion-dollar mortgage market by 2003, no one in the lending business can afford to ignore the Internet. The new Ellie Mae Express web site allows even the independent loan officer to establish a Web site quickly and inexpensively.

&uot;I was having a Web site built and it was going nowhere fast,&uot; said Karen J. Saunders, president of The Mortgage Source, Inc. in Laramie, WY. &uot;I tried the Ellie Mae Express demo and realized that it would cost me a fortune to create something like that. The site was very easy to set up. I'm a computer novice and I got right through it.&uot;

Ellie Mae Express (at www.yourloansite.com) allows mortgage professionals to type in their name, address and other basic information about their businesses, choose the color and format, and obtain a fully functional Web site in less than 15 minutes.

The Express site is personalized with the loan originator's company information and also includes:

--   up-datable rates
--   an Express loan application
--   a rent vs. buy calculator
--   a payment amortization calculator
--   additional tools and information
--   1003 application download
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In addition to its Express Site, Ellie Mae also hosts high-impact, customized and fully interactive Web sites for over 2000 loan originators across the country. Ellie Mae's full-featured Executive web site offers mortgage professionals a personalized Internet presence, complete with online loan application capability and in-depth pre-qualification, where customers have 24/7 access to the best mortgage rates from a wide variety of national lenders. All Ellie Mae Executive sites also come with a unique refinance system called Mortgage Manager(TM), which keeps brokers in front of clients and prospects by notifying them periodically about refinance savings opportunities.

Along with its advanced web site technology, Ellie Mae also helps brokers level the playing field in the competitive e-lending arena with professional Internet marketing tools and templates to help drive business to their sites.

For more information, visit www.elliemae.com or call (877) 355-4362.