Published:
AllRegs and LoanSifter Announce Integrated Solution for Mortgage Industry
EAGAN, Minn. - (BUSINESS WIRE) - AllRegs, the leading information provider for the mortgage lending
industry, and LoanSifter, a provider of web-based loan product
eligibility and pricing tools, have combined resources to provide an
integrated solution for loan officers, mortgage bankers and secondary
departments.
The AllRegs LoanLibrary product, which features 2,000 products and
60 investors, is now available to all searches that LoanSifter perform
on investor guidelines and loan products. The data from the AllRegs
LoanLibrary application is integrated into LoanSifter via a
sophisticated Web service that allows users to stay within the
LoanSifter system and still access updated investor guidelines.
LoanLibrary will be accessible throughout LoanSifter's "best of breed"
solutions, from loan initiation, pipeline monitoring, auto quotes
provided to Zillow and Lending Tree, website consumer portals,
LoanSifter's online 1003 mortgage application, and wholesale/third party
originator web portal. LoanSifter users currently perform 6 million
searches for loan products and guidelines per month.
"With the release of this integrated system, loan officers have a
valuable tool on their hands that provides loan eligibility, rate and
product guideline information," said Dan Thoms, AllRegs senior vice
president. "Combining our resources with LoanSifter's unique technology
provides loan officers with the ability to better manage their loan
products, search them in seconds, and view all the investor guidelines
they need to choose the appropriate products for their customers. The
integration will help increase their productivity on a loan-by-loan
basis. LoanSifter is offering a truly powerful solution to the
marketplace."
"Across the board, LoanSifter users are constantly searching out
loan products and guidelines - it is integrated into everything we do.
Empowering our clients with the coverage and depth of AllRegs'
LoanLibrary application will ultimately allow them to lower costs and
improve productivity," said Bruce Backer, president of LoanSifter.
"Especially in today's challenging lending environment, it is crucial
that our clients are able to rely on accurate, up-to-date investor
guidelines and product information. Matched with the strength and speed
of our loan eligibility and pricing tools, AllRegs' LoanLibrary fills
this need perfectly."
Should you have any questions regarding AllRegs and its other
products and services, including AllRegs Academy, please contact AllRegs
at (800) 848-4904. For additional resources, visit the company's website
at www.allregs.com.
For more information about LoanSifter, call (920) 268-4770 or visit www.LoanSifter.com.
About AllRegs: First introduced in 1989, AllRegs is used by
virtually all of the top 100 lenders as well as throughout numerous
governmental agencies, including Fannie Mae, Freddie Mac, the FHLBs,
FHA, VA, RHS, Ginnie Mae, and more. AllRegs is a Mortgage Technology
Magazine Top 50 Service Provider for 2009 and the exclusive electronic
publisher of the Fannie Mae and Freddie Mac Single and Multi-Family
Seller/Servicer Guides, The Federal Home Loan Banks' MPF Program
Guidelines, and CalPERS' Member Home Loan Program Guidelines. Products
include single and multifamily underwriting & insuring guidelines as
well as federal compliance laws and regulations, state compliance laws
and regulations with plain-language analyses, policy and procedure
manual templates, contract publishing services and a library of
historical guidelines. The educational division, AllRegs Academy, offers
distance learning, classroom training and practical guides, with courses
approved for continuing education. AllRegs is FICO's preferred training
provider for the mortgage industry and the official training provider
for the National Association of Mortgage Brokers (NAMB). For more
information, call (800) 848-4904 or go to www.allregs.com.
About LoanSifter, Inc.: LoanSifter, Inc. provides the
banking industry's most comprehensive tools for mortgage bankers, loan
officers and secondary departments to price, market and manage loans.
The company's flagship product, LoanSifter, is an accurate, web-based
pricing solution providing banks, credit unions and brokers with
advanced tools to improve their service levels and increase profits.
LoanSifter has the most comprehensive investor database in the industry
featuring over 130 correspondent and wholesale lenders. For more
information, call (920) 268-4770 or visit www.LoanSifter.com.
AllRegs
Krista Sabol, 651-289-4809
ksabol@allregs.com
or
Strategic
Vantage for LoanSifter
Rosalie Berg, 305-971-5352
PR@StrategicVantage.com
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