Document Systems, Inc. and Ellie Mae Partner to Provide Integrated Connectivity to LoanMagic Users; DSI Development of Interface Enhances Speed and Productivity Savings

[August 23, 2004]

Document Systems, Inc. and Ellie Mae Partner to Provide Integrated Connectivity to LoanMagic Users; DSI Development of Interface Enhances Speed and Productivity Savings

CARSON, Calif. --(Business Wire)-- Aug. 23, 2004 -- Document Systems, Inc. (DSI), a leading loan mortgage technology company and developer of DocMagic loan document production and delivery systems and LoanMagic, a customer contact management system, today announced a strategic partnership with Ellie Mae, Inc.(TM), a leading provider of desktop and Web-enabled productivity solutions for the mortgage industry. The new alliance provides LoanMagic users access to thousands of service providers and lenders through the development of a direct interface to ePASS(TM), Ellie Mae's electronic portal.

LoanMagic provides loan officers with the necessary tools to help them before, during and after the sale of a loan. It enables them to manage leads and client information, compare loans, create loan documents, schedule meetings, store financial information and transfer reports to clients and contacts. By developing a single interface to ePASS, LoanMagic is now providing additional resources for its users to draw from, including credit reporting, insurance title reporting, underwriting and other mortgage related services.

Key features include increased efficiencies and accuracy as the integration enables LoanMagic users to both, send and receive data between LoanMagic and ePASS' origination and settlement services providers. This enables users to eliminate redundant work, close loans faster and reduce loan origination costs.

"Through our integration with ePASS, our customers can streamline the process involved in completing complex loan transactions," said Don Iannitti, president of Document Systems, Inc. "We continue to develop technologically advanced products that ensure an easy, fast and accurate loan process. The affiliation with ePASS reinforces our commitment to giving LoanMagic users a competitive advantage in a demanding and dynamic landscape."

The loan process can be an arduous task for loan officers, from loan origination, appraisal ordering, securing insurance, to closing document preparation. By integrating these two technologies, LoanMagic users have a complete Web-based one-stop shop from lead to close.

About Ellie Mae, Inc.

Dublin-California-based Ellie Mae, Inc., winner of the 2003 Inman Innovator Award for Most Innovative Company in the mortgage and real estate industries, is the leading provider of desktop and web-enabled mortgage industry productivity technology. Ellie Mae's ePASS Web-transaction platform is the industry standard, connecting more than 30,000 third-party mortgage origination companies with leading wholesale and correspondent lenders and 90,000 settlement service providers. Ellie Mae products include the Encompass mortgage management systems, Contour and Genesis loan origination software, Executive Web Sites and Ellie Mae Docs. To learn more about Ellie Mae, call (888) 955-9100 or visit its Web site.

About Document Systems, Inc.

Founded in 1988 and headquartered in Carson, Calif., Document Systems, Inc. (DSI), is a mortgage technology company that develops software, processes and Web-based systems for the production of compliant loan document packages. Along with its loan document production system, DocMagic(R), DSI provides legal expertise regarding the completion of all applicable forms. DSI's staff includes a team of compliance experts that constantly monitor legal and regulatory changes at federal and state levels to ensure accuracy. DSI is the first company in the mortgage industry to develop a fully integrated mortgage customer contact management system, LoanMagic(TM), that is specifically designed to meet the needs of loan officers to help streamline the tasks involved with acquiring leads, managing contacts and gathering all personal and credit information necessary to secure a loan. For more information on DSI, visit the company's Web site at www.docmagic.com.

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