Ellie Mae Selects CoreLogic Risk Tools for Total Quality Loan Program

CoreLogic® (NYSE: CLGX), a leading provider of information, analytics and business services, and Ellie Mae® (NYSE Amex: ELLI), a leading provider of enterprise level, on-demand automated solutions for the residential mortgage industry, today announced that the CoreLogic LoanSafe Risk Manager has been added to the due diligence/quality assurance services integrated into Ellie Mae Total Quality Loan™ (TQL) Program.

TQL is an initiative designed to further enhance the loan quality, compliance and salability of loans that are originated through Ellie Mae’s Encompass360® mortgage management software system. TQL offers a suite of services and secure, tamper-proof technology that enables users to share the findings and data from those services with investors and other stakeholders in the industry supply chain.

CoreLogic risk management tools are used to originate over 80 percent of all mortgages initiated in the United States. LoanSafe Risk Manager has two components: an automated collateral review tool that assesses appraisal quality and evaluates the early payment default and loss severity risk of each mortgage (LoanSafe Collateral Manager™); and an industry leading fraud detection tool that employs patented, pattern-recognition fraud scoring and unmatched consortium and data alerts (LoanSafe Fraud Manager™). Both tools leverage the vast property, loan and fraud databases of CoreLogic, the company’s automated valuation models, as well as data from the CoreLogic Fraud Consortium Database of over 90 million loan applications. LoanSafe Risk Manager provides lenders and investors with predictive collateral and fraud risk scores and alerts. Large and small lenders select these products for their predictability and ease of use.

In addition to LoanSafe Risk Manager, the other tools integrated into TQL include: Ellie Mae’s Encompass Compliance Service™, an automated compliance service; the Encompass 4506-T Service™; and Fannie Mae's EarlyCheck™, a delivery data check process that is being integrated, and that identifies issues that could impair the loan’s salability early in the process and prior to loan delivery.

“We are extremely pleased that our LoanSafe offerings have been selected as a mission-critical component of TQL,” said Tim Grace, senior vice president of Product Solutions at CoreLogic. “We believe that an integrated, bundled offering, like Ellie Mae’s TQL, will enhance the way mortgages are originated, reviewed and sold.”

“Ellie Mae has collaborated with a number of secondary market investors to understand their needs while shaping the program,” said Richard Roof, Ellie Mae’s senior vice president of Business Development. “Collateral risk and fraud-detection are two of the must-have capabilities that have been mentioned time and again, and investors asked to have the CoreLogic risk tools integrated into TQL. As a result, we are very excited to add the CoreLogic LoanSafe Risk Manager as a standard feature of TQL.”

Roof added, “We are excited to expand our TQL capabilities: one of the nation’s largest investors went live on TQL in October and a number of other large investors are actively evaluating the program, as are many of our largest correspondent clients. TQL is an important initiative for Ellie Mae.”

About CoreLogic

CoreLogic (NYSE: CLGX) is a leading provider of consumer, financial and property information, analytics and services to business and government. The Company combines public, contributory and proprietary data to develop predictive decision analytics and provide business services that bring dynamic insight and transparency to the markets it serves. CoreLogic has built one of the largest and most comprehensive U.S. real estate, mortgage application, fraud, and loan performance databases and is a recognized leading provider of mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services. More than one million users rely on CoreLogic to assess risk, support underwriting, investment and marketing decisions, prevent fraud, and improve business performance in their daily operations. The Company, headquartered in Santa Ana, Calif., has more than 5,000 employees globally. For more information visit www.corelogic.com.

CORELOGIC, the stylized CoreLogic logo and LOANSAFE are registered trademarks owned by CoreLogic, Inc. and/or its subsidiaries. LOANSAFE RISK MANAGER, LOANSAFE COLLATERAL MANAGER and LOANSAFE FRAUD MANAGER are common law trademarks owned by CoreLogic, Inc. and/or its subsidiaries and are part of the LoanSafe Product Suite. No trademark of CoreLogic shall be used without the express written consent of CoreLogic. All other trademarks are the property of their respective owners.

About Ellie Mae

Ellie Mae, Inc. is a leading provider of on-demand automation solutions for the mortgage industry. The Company offers an end-to-end solution, delivered using a Software-as-a-Service model that serves as the core operating system for mortgage originators and spans customer relationship management, loan origination, and business management. The Company 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. The Company's offerings include the Encompass®, Encompass360® and DataTrac® mortgage management software systems.

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.

© 2012 Ellie Mae, Inc. Ellie Mae®, Encompass®, Encompass360®, DataTrac®, Ellie Mae Network™, Ellie Mae Total Quality Loan™ Program and the Ellie Mae logo are registered trademarks or trademarks of Ellie Mae, Inc. or its subsidiaries. All rights reserved. Other company and product names may be trademarks or copyrights of their respective owners.