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AllRegs, LoanSifter Unveil Integrated Solution For Mortgage Industry

The integration is likely to help increase productivity on a loan-by-loan basis

AllRegs, an information provider for the mortgage lending industry, and LoanSifter, a provider of web-based loan product eligibility and pricing tools, have partnered to provide an integrated solution for loan officers, mortgage bankers and secondary departments.

AllRegs said that its LoanLibrary product, that features 2,000 products and 60 investors, is available to all searches that LoanSifter perform on investor guidelines and loan products. The data from the LoanLibrary application is integrated into LoanSifter through a web service that allows users to stay within the LoanSifter system and still access investor guidelines.

According to the company, LoanLibrary will be accessible throughout LoanSifter’s ‘best of breed’ applications, from loan initiation, pipeline monitoring, auto quotes provided to Zillow and Lending Tree, website consumer portals, LoanSifter’s online 1003 mortgage application, and wholesale/third party originator web portal.

Dan Thoms, senior vice president at AllRegs, said: “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.”

Bruce Backer, president of LoanSifter, said: “Empowering our clients with the coverage and depth of AllRegs’ LoanLibrary application will ultimately allow them to lower costs and improve productivity. 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.”