AllRegs acquires Lender E-SourceMortgagePress.comMortgage lending,underwriting software
Eagan, Minn.-based AllRegs has announced the acquisition of
Lender E-Source, a Web-based purveyor of mortgage lending product
and underwriting guidelines.
Lender E-Source provides Web-based solutions that allow lenders
to manage a variety of constantly changing loan product and
underwriting guidelines through a searchable, automatically managed
loan guideline library. The company currently maintains guidelines
for upwards of 50 investors.
"Lender E-Source's LoanLibrary is a perfect compliment to our
Single-Family Lending Package of GSE and governmental guidelines,
as well as our state and federal compliance products," said Glenn
Ford, founder, chairman and chief executive officer of AllRegs. "We
now have an opportunity to collaborate with other leading vendors
and deliver a powerful combination of content and technology. I'm
also delighted that we share a similar corporate culture and look
forward to a smooth transition as we welcome the Lender E-Source
staff to the AllRegs family."
Derek Long, the founder of Lender E-Source, will join the
AllRegs senior management team as senior vice president of content
"The opportunity to combine our extensive collection of investor
product guidelines with the sophisticated publishing technology
that AllRegs is known for seemed like a natural fit," said Long. "I
am excited about the opportunities this acquisition brings to both
our customers and our employees."
For more information, visit www.allregs.com.