OCC survey finds bank underwriting standards tighten

AllRegs acquires Merit Matrix MortgagePress.comAllRegs, regulatory compliance, Merit Matrix, IntraPrise Solutions, Glenn Ford AllRegs, an information provider for the mortgage lending industry, announced the acquisition of Merit Matrix, a division of IntraPrise Solutions Inc. (ISI), headquartered in Warminster, Pa. AllRegs has been providing product and underwriting guidelines to the mortgage industry for nearly 20 years. The company continues to be the exclusive provider of product and underwriting guidelines for Freddie Mac and Fannie Mae. In the last five years, AllRegs began to publish manuals, underwriting documents and product manuals for correspondent lenders, as well as other mortgage companies. AllRegs publishes the information privately for the lender and makes some of the content available to the mortgage industry through an online central repository called the AllRegs Information Service, or AllRegs Online. The acquisition of Merit Matrix allows AllRegs to round out its content available to mortgage bankers with more than 64 investors and nearly 3,000 loan products. Additionally, the acquisition of Merit Matrix also allows for mortgage professionals to continue using their existing loan platforms and product and pricing engines for loan transactions, which are now able to receive data directly from AllRegs via direct XML data feeds. "The acquisition of Merit Matrix allows us to better serve the mortgage industry by providing fast, accurate answers to today's business challenges," said Glenn Ford, founder, chairman and chief executive officer of AllRegs. "We welcome the Merit Matrix staff to the AllRegs family and look forward to incorporating this robust information into our suite of products." "We are proud of the Merit Matrix product and what our staff has accomplished over the past years," said Jeff Fisher, president of ISI. "Merit Matrix is a perfect complement to the AllRegs suite of products." For more information, visit www.allregs.com.