Skip to main content

Bimini and Opteum sign definitive agreement to merge

Nov 15, 2005

American Brokers Conduit partners with Ellie Mae Inc.MortgagePress.comAmerican Brokers Conduit,Ellie Mae American Brokers Conduit (ABC) has announced their partnership with Ellie Mae Inc., a mortgage industry software and services provider. In early October, ABC joined the Ellie Mae ePASS Network, allowing brokers to submit their 1003 lock information through their desired loan origination system (LOS) or through ClickLoan, via Currently, more than 37,000 brokerages utilize the ePass Network, which averages dmore than 125,000 visits per day. With the introduction of ePASS and ClickLoan to ABC's menu of broker tools, the lock process will be simplified, allowing mortgage brokers to upload lock information online from two additional points of entry. Approved brokers will be able to upload their borrowers' lock data directly from their LOS through the ePASS Network with just two clicks of their mouse. Brokers will simply select American Brokers Conduit from the ePASS preferred lender list and then click on "Register/Lock New Loan" from within the ABC storefront. Users will then be able to proceed with uploading their lock information. In addition, ClickLoan will allow approved mortgage brokers to upload their borrowers' lock information directly into through their preferred LOS. Mortgage brokers will log into the ABC Web site and have the ability to select from five leading programs--Encompass, Genesis 2000, Contour, Calyx Point and Byte--and upload loan information securely from whichever LOS they prefer. Both the ePASS and ClickLoan upload options will be available 24 hours a day, seven days a week. In the last year alone, more than eight million transactions were completed through the ePass Network. For more information, visit
About the author
Nov 15, 2005
Fannie Mae Implements Notice Of Potential Defect Process To Address Loan Repurchase Risks

Faced with market challenges, Fannie Mae reintroduces a Notice of Potential Defect, allowing lenders a grace period to rectify significant loan issues before repurchase requests, amid calls for broader industry reform.

Feb 29, 2024
Rocket Pro Originate Mortgage Platform To Close; Shifts Focus To Mortgage Brokers

Rocket Pro Originate, a platform serving real estate agents and financial professionals, announces closure.

Feb 28, 2024
United Wholesale Mortgage Reports Fourth Quarter Loss Of $461 Million, But Remains Bullish For 2024

UWM Chairman and CEO Mat Ishbia optimistic despite financial setback, cites operational profitability and broker dominance.

Feb 28, 2024
Condo Prices, Sales Falling In Florida

New regulations and rising insurance costs hold back buyers in six major metros.

Feb 26, 2024
Buyer Beware

Unpriced climate risk the housing market’s bubble in the bloodstream.

Feb 26, 2024
Rocket Companies Reports Decline in Fourth Quarter Revenue, Projects Optimism for Future Growth

Despite revenue dip, mortgage giant sees increase in market share and advances in AI technology.

Feb 22, 2024