AllRegs and LoanSifter
Announce Integrated Solution for Mortgage Industry
System Integration Makes Loan Guidelines Accessible to
Loan Officers, Mortgage Bankers and Secondary Departments
EAGAN, Minn., (October 12, 2009) – 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 or visit the company’s website at www.allregs.com. For more
information about LoanSifter, call (920) 268-4770 or visit
www.LoanSifter.com.
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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.