Myers Internet Chooses LoanSifter
to Enhance Mortgage POS Eligibility and Pricing
Alliance delivers automated workflows to users, improving data quality
and profitability
Milwaukee
and Appleton, WI February 2, 2010 – Myers Internet, a website provider for
mortgage originators and real estate professionals, announced today its strategic
alliance with LoanSifter, the leading provider of web-based product and pricing
tools. The integrated offering
provides Myers customers with LoanSifterís comprehensive tools to price,
manage, and market loans.
"We are pleased to partner with LoanSifter, and further
expand options available to Myers users," said Chad Northington, managing director
for Myers, a subsidiary of MGIC Investment Corporation. "LoanSifter's products provide
instantaneous up-to-the-minute pricing, product and guideline information and
will be a tremendously useful tool for Myers users and their borrowers."
LoanSifter monitors and updates in real-time underwriting
and pricing on over 130 correspondent and wholesale investors, as well as MGIC's
mortgage insurance pricing and eligibility guidelines.
"We are constantly looking to enhance
the consumer experience on our clientsí websites," said Northington. "This initiative
is the first of several planned for this year, and one that we see as a
critical point-of-sale solution for Myers clients."
The new LoanSifter
enhanced product offering will replace Myers current rate product immediately,
and the old rate product will be retired as of March 23, 2010.
"In today's environment, mortgage professionals
need tools that can seamlessly give them a competitive edge," explains Bruce
Backer, president of LoanSifter.
"What we bring to Myers customers is just that – an opportunity to
remain nimble with an automated workflow that offers improved data quality,
better control and compliance, and improved profitability."
To learn more about the LoanSifter integration,
contact your Myers account manager or e-mail sales@myers.com.
About
LoanSifter, Inc.
LoanSifter, Inc., provides the banking industry's
most comprehensive tools for loan originators and secondary departments to
price, manage, and market loans.
The companyís flagship product, LoanSifter, is an accurate, web-based
product eligibility and pricing solution providing banks, credit unions and
mortgage bankers with comprehensive tools to improve their service levels and
increase pull-through. LoanSifter
is also the leader in delivering point-of-sale and marketing tools to loan
officers, with its eOriginations POS and highly customizable website utilities,
including promotional rate tables, consumer-facing pricing search, online
applications, credit pull, and closing document management. Automated tools include email campaigns,
custom quoting for Zillow and LendingTree, scenario-specific rate monitoring
alerts, and open house flyers. For more information about LoanSifter, call
920.268.4770 or visit www.LoanSifter.com.
About Myers
Internet
Based in Milwaukee, Myers Internet provides web
hosting, lead generation and back office solutions to mortgage originators and
real estate agents. Myers low cost, highly functional web sites enable clients
to generate more business and save time through automation. Myers origination
clients also benefit from a direct interface into eMagic, enabling one click lead to loan
processing and delivering a comprehensive origination platform for mortgage
originators. For more information about Myers, call 800.693.7730 or visit www.Myers.com.