AllRegs Acquires Lender E-Source
AllRegs, a well-known information provider for the mortgage lending industry, said late yesterday that it had acquired Lender E-Source, a web-based purveyor of mortgage lending product and underwriting guidelines. In a press statement, the company said its acquisition vastly increases the AllRegs product suite as well as the organization's library of content and investor product guidelines. Lender E-Source provides web-based solutions that allow lenders to manage the wide 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. We now have an opportunity to collaborate with other leading vendors and deliver a powerful combination of content and technology," said Glenn Ford, founder and CEO of AllRegs. "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.