Ellie Mae Launches Encompass Product and Pricing Service

Company acquires Mortgage Pricing System

PLEASANTON, CA – JANUARY 4, 2011 – Ellie Mae^®, the enterprise mortgage origination technology provider for mortgage bankers, mortgage brokers, community banks, credit unions and other mortgage lenders, has launched its Encompass Product and Pricing Service. This integrated service is powered by recently acquired Mortgage Pricing System’s LEAP loan eligibility and pricing product, which has been rebranded as an Encompass360^® feature. Ellie Mae acquired substantially all the assets, including the LEAP loan eligibility and pricing product, of Mortgage Pricing System, LLC in a transaction that closed on January 3, 2011.

Encompass Product and Pricing Service provides loan product eligibility and pricing information based on the specifics of each loan. It is available as an option to all Encompass360 clients directly from their Encompass360 systems. Ellie Mae’s existing relationships with product and pricing providers on the Ellie Mae Network™ will not be affected so users may also maintain direct access to their choice of the approved providers on the Ellie Mae Network. 

“Encompass Product and Pricing Service responds to our clients’ desire for a more seamless workflow while furthering our goal of providing a comprehensive solution spanning from customer acquisition to investor delivery,” said Jonathan Corr, chief strategy officer for Ellie Mae. “Encompass Product and Pricing Service adds important functionality that will enhance our clients’ ability to originate high quality and well executed mortgages.”

“We are excited to become part of the Ellie Mae family,” said Tom Lyons, director of relationship management for Mortgage Pricing System. “Like MPS, Ellie Mae is a client-centric company focused on elevating loan quality. We look forward to extending the power of our solution to Encompass360 customers.”

About Ellie Mae
Ellie Mae provides enterprise mortgage origination technology solutions for mortgage bankers, mortgage brokers, community banks, credit unions and other mortgage lenders. The company's offerings include the Encompass^® and Encompass360^® Mortgage Management Solutions, Encompass CenterWise™ websites and electronic document management services, Encompass Closer™ document preparation services, Encompass Compliance Service and Encompass Assured GFE™.  Ellie Mae also hosts the Ellie Mae Network™ that allows mortgage professionals to conduct electronic business transactions with the lenders and settlement service providers they work with to process and fund loans. Ellie Mae was founded in 1997 and is based in Pleasanton, California. To learn more about Ellie Mae, visit www.EllieMae.com or call 877.355.4362

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© 2011 Ellie Mae, Inc. Ellie Mae^®, Encompass^®, Encompass360^®, Encompass Assured GFE™, Encompass CenterWise™, Encompass Closer™ and Ellie Mae Network™ and the Ellie Mae logo are registered trademarks or trademarks of Ellie Mae, Inc. or its subsidiaries. Encompass Assured GFE™ is a trademark of Ellie Mae, Inc. in the United States, and a private-labeled service provided by ClosingCorp. All rights reserved. Other company and product names may be trademarks of their respective owners. Products, services and programs are subject to change without notice.