AllRegs, an information provider for the mortgage lending industry, and LoanSifter, a provider of Web-based loan product eligibility and pricing tools, have combined resources to provide an integrated solution for loan officers, mortgage bankers and secondary departments. The AllRegs LoanLibrary product, which features 2,000 products and 60 investors, is now available to all searches that LoanSifter perform on investor guidelines and loan products. The data from the AllRegs LoanLibrary application is integrated into LoanSifter via a sophisticated Web service that allows users to stay within the LoanSifter system and still access updated investor guidelines. LoanLibrary will be accessible throughout LoanSifter’s "best of breed" solutions, from loan initiation, pipeline monitoring, auto quotes provided to Zillow and Lending Tree, Web site consumer portals, LoanSifter's online 1003 mortgage application, and wholesale/third party originator Web portal. LoanSifter users currently perform six million searches for loan products and guidelines per month.
“With the release of this integrated system, loan officers have a valuable tool on their hands that provides loan eligibility, rate and product guideline information,” said Dan Thoms, AllRegs senior vice president. “Combining our resources with LoanSifter’s unique technology provides loan officers with the ability to better manage their loan products, search them in seconds, and view all the investor guidelines they need to choose the appropriate products for their customers. The integration will help increase their productivity on a loan-by-loan basis. LoanSifter is offering a truly powerful solution to the marketplace.”
"Across the board, LoanSifter users are constantly searching out loan products and guidelines--it is integrated into everything we do. Empowering our clients with the coverage and depth of AllRegs' LoanLibrary application will ultimately allow them to lower costs and improve productivity," said Bruce Backer, president of LoanSifter. "Especially in today's challenging lending environment, it is crucial that our clients are able to rely on accurate, up-to-date investor guidelines and product information. Matched with the strength and speed of our loan eligibility and pricing tools, AllRegs' LoanLibrary fills this need perfectly."
For more information, visit AllRegs.com or LoanSifter.com.