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.
