AllRegs, an information provider for the mortgage industry, and Denver-based Motivity Solutions, creators of the movation business management platform, have entered into a collaboration to bring business intelligence tools to the mortgage marketplace. The companies are implementing intelligence around mortgage lender product and guideline information.
AllRegs said that it 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 service, an eligibility search engine and loan product information management service, featuring over 2,000 products representing over 73 correspondent and wholesale investors.
Movation launched in March 2009, focuses on the whole of a mortgage-based operation allowing adopters to maximise efficiencies and opportunities throughout the organisation. Companies can access to their combined data in the form of key performance indicators, scorecards, dashboards and on-demand reporting by applying it to their existing technology. It also provides imaging, business rules, activity queues and enterprise relationship management.
Gabe Minton, chief strategy officer of Motivity Solutions, said: “Partnering with an industry leading content provider to create products that are innovative and relevant is exciting 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.