AllRegs, the leading information provider for the mortgage industry, and Denver-based Motivity Solutions Inc., creators of the Movation Business Management Platform, have announced a collaboration to bring sophisticated business intelligence tools to the mortgage marketplace. Specifically, the companies are implementing intelligence around mortgage lender product and guideline information.
“Partnering with an industry leading content provider to create products that are innovative and relevant is exciting for Motivity Solutions,” said Gabe Minton, chief strategy officer for Motivity Solutions. “The ability to combine our award-winning business intelligence tools with the industry’s pre-eminent content library will create tremendous value for mortgage companies and continues to drive our mission to take the industry to the next level,” continued Minton.
“We are very excited to develop solutions with a company as innovative as Motivity,” said Dan Thoms, senior vice president for AllRegs. “Motivity’s platform, Movation, is a perfect match for AllRegs’ underwriting guideline content, and we expect to merge the two together in the near future.”
The AllRegs Information Service known as AllRegs Online, is used by virtually all of the top 100 lenders and throughout numerous governmental agencies. The Eagan, Minn.-based company provides mortgage professionals with subscription-based access to single and multifamily underwriting and insuring guidelines, federal compliance laws and regulations, state compliance laws and regulations with plain-language analyses, contract publishing services and training resources through AllRegs Academy. In addition, AllRegs offers its LoanLibrary solution, an eligibility search engine and loan product information management service, featuring over 2,000 unique products representing over 73 correspondent and wholesale investors.
Movation, launched in March 2009 to widespread industry acclaim, is a business management platform that focuses on the whole of a mortgage-based operation allowing adopters to maximize efficiencies and opportunities throughout their organization. By applying Movation to their existing technology, companies will experience real-time access to their combined data in the form of key performance indicators, scorecards, dashboards and on-demand reporting. Movation also fills the gaps in existing technology with its leading edge imaging, business rules, activity queues, and enterprise relationship management. As an example, Movation’s FHA SafeGuard solution helps FHA lenders automate their interaction with HUD providing an immediate return on investment of up to $30 per loan.
For more information, visit www.allregs.com or www.movationnow.com.