AppIntell, Inc. and Ellie Mae Partner to Provide Online Application and Property Verification Services

Business Wire, Jan 17, 2002

Business Editors

PLEASANTON, Calif.--(BUSINESS WIRE)--Jan. 17, 2002

Ellie Mae Inc., the nation's largest provider of Internet and software solutions for mortgage originators, today announced a strategic partnership with AppIntell, Inc. (AppIntell), a national leader in pre-funding application and valuation fraud protection.

The partnership will provide Genesis 2000(R), Contour and Calyx POINT users with a direct connection from their loan origination software to one-click application data and property value verification services through the ePASS Business Center.

The ePASS Business Center, a business-to-business portal integrated with the Genesis, Contour and Calyx Point(R), will allow users to verify mortgage application and property value information directly through their LOS within a 15-second response time. With this interchange employed, all data entered during loan origination will be automatically passed along to AppIntell's data and value verification process, providing users with an easy, accurate and single-point solution for their data integrity and value verification needs. The automated field population will eliminate the need to re-key information from one form to AppIntell's DISSCO(TM) (Data Integrity Search & Score) and ValueVerify(TM) Systems.

"Wholesalers, Warehouse Lenders, Mortgage Insurers and Investors are all recognizing the added value of pre-verified application and property value information as a key credit enhancement component in their underwriting and due diligence processes," said Steve Halper, AppIntell's CEO. "With a 15-second response time, these tools can expand underwriting coverage from small samples to entire portfolios at a fraction of the time and cost of existing processes. Seamless integration to the various LOS systems has always been a hurdle to accessing and sharing these important loan valuation tools. Ellie Mae's ePASS portal has now opened the door to this increased value proposition for all of its customers."

"Our goal is to provide the mortgage lending industry with all of the technological tools necessary to streamline the online origination process and do so cost-effectively," added Jack Trageser, vice president of e-commerce for Ellie Mae. "Our partnership with AppIntell and their ability to provide fast, secure, Web-enabled application data and property value verification services, rounds out our vendor platform in the ePASS Business Center and helps fulfill our ongoing commitment to mortgage professionals."

About AppIntell, Inc.

AppIntell, the leading provider of application and property verification tools, currently processes over $2.5 billion in loans per month through its online verification systems. AppIntell's systems combine the best rules based technology with the latest neural network intelligence and the most comprehensive exterior database comparative analysis in the industry. Our expertise in the areas of fraud prevention, quality control, data integrity and property verifications have enabled us to provide training in these areas to the FBI, HUD, Secret Service, MBA Sponsored Seminars and numerous lenders, insurers and investors. For more information about DISSCO/ValueVerify or any of AppIntell's other products, visit www.appintell.com or call (800) 216-7062 extension 124.

About Genesis 2000(R)

Genesis 2000, a wholly owned subsidiary of Ellie Mae(SM), provides mortgage originators with affordable, easy-to-use loan origination software, helping them to increase workflow and automate the origination process. Founded in 1986, Genesis 2000 has over 6,700 active installations. Genesis 2000 products are being used by over 48,000 individual mortgage brokers, mortgage bankers, banks, credit unions and savings institutions nationwide. For more information about Genesis 2000 or any of its products, visit www.genesis2000.com or call (800) 882-0504.

About Contour Software

Contour Software, an Ellie Mae subsidiary, provides large mortgage originators with sophisticated, customizable front-end to back-end loan origination software. Contour Software is modular so customers have the ability to adapt their system as their individual needs change. With a customer base of 40,000 active seat licenses, Contour has the most electronic commerce connections in the industry. For more information about the Contour product line, visit www.contoursoft.com or call (800) 266-6787.

About Ellie Mae

Ellie Mae, Inc., headquartered in Pleasanton, California, is the leading Internet enabler for the mortgage brokerage industry and the largest Loan Origination Software (LOS) provider in the United States. Offering brokers the ePASS(SM) Business Center (electronic Processing And Submission System), a B2B e-commerce platform, as well as customized Web sites, hosting services, and LOS packages, Ellie Mae(SM) enables mortgage originators to harness the power of the Internet, giving them a competitive advantage in the fast changing residential mortgage arena. For additional information, visit www.elliemae.com or call (877) 355-4362.