Ellie Mae, Inc. Unveils Password Manager For ePASS Users

Business Wire, May 22, 2002

Business Editors

PLEASANTON, Calif.--(BUSINESS WIRE)--May 22, 2002

Top transaction portal now provides seamless password entry

Ellie Mae(R) Inc., a provider of Internet and software solutions for mortgage originators, announced Password Manager, a new feature in the ePASS(R) Business Center designed to solve a problem unique to mortgage brokers.

Password Manager allows the login name and password for each lender and vendor to be securely saved so that users will not need to memorize and enter them each time they submit an order, check status or use another e-commerce site.

"As the ability to transact with business partners throughout the mortgage industry has grown, so has the burden to input and keep track of numerous distinct user IDs and passwords," said mortgage broker Jim Chubb of Pacific Inland Financial. "Password Manager in ePASS is one of those simple solutions that immediately solves a problem that has, until now, gone ignored."

Password Manager is now a standard feature of Ellie Mae's ePASS Business Center, available to all mortgage brokers. Successfully eliminating the multiple logins users are required to remember is just one of many features Ellie Mae offers in its commitment to streamlining the mortgage process.

"The number of vendors and lenders a broker can work with electronically keeps growing," said Jack Trageser, vice president of Electronic Commerce for Ellie Mae. "Likewise, brokers now find themselves with an expanding and unmanageable collection of separate passwords. Keeping track of these passwords has become a real headache for most brokers. With Password Manager, brokers are relieved of the burden of maintaining lists of separate passwords and spared the time it takes to log in every time they need to exchange information with a vendor or lender."

"Every active Internet user gets frustrated trying to track all their login/password combos," said Scott Cooley, chief strategy officer for Ellie Mae. "In fact, this issue is one of the largest impediments to e-commerce adoption. Our typical customer must access dozens of password-protected sites during their day-to-day business. ePASS helps keep these passwords secured with a master password. This stops the common practice whereby employees write down passwords on paper scraps in and around their desks and thus, inadvertently create a security risk for their employer."

Ellie Mae currently provides its services to more than 80 percent of all third party originators in the industry. Ellie Mae's expanding technology offerings now include multiple LOSs, the industry's leading transaction platform - ePASS Business Center, customized Websites and password management. For more information about Password Manager and the ePASS Business Center, contact Jack Trageser at 925-227-7720 or visit the Ellie Mae Web site at www.elliemae.com.

About Ellie Mae, Inc.

Ellie Mae, Inc., headquartered in Pleasanton, Calif., is the leading Internet enabler for mortgage originators and the largest Loan Origination Software (LOS) provider in the United States. Offering brokers the ePASS(R) Business Center (electronic Processing And Submission System), a supply chain, e-commerce platform, as well as customized Web sites, hosting services, and LOS packages, Ellie Mae enables mortgage originators to harness the power of the Internet. For additional information, visit www.elliemae.com or call (877) 355-4362.