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National industry appointments update - 11/30/2007

National Mortgage Professional
Nov 30, 2007

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 and delivery. "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.
Published
Nov 30, 2007
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