Ellie Mae Completes Purchase Of AllRegs

Posted by Patrick Barnard on October 01, 2014 No Comments
Categories : Residential Mortgage

Mortgage software provider Ellie Mae reports that it has completed its acquisition of AllRegs.

The deal stands to significantly strengthen Ellie Mae's position as a provider of investor guidelines and resources to help lenders achieve compliance, loan quality and efficiency. The firm is already well known for its mortgage management technology, as well as its monthly Origination Insight reports, but with this purchase, it will play a larger role in developing underwriting and insuring guidelines, state and federal compliance guidelines, investor guidelines, online publishing, and custom classroom and online training for the industry.

AllRegs provides education and training, as well as loan product and guideline data and analytics to more than 3,000 companies covering every facet of mortgage banking, including major lenders and investors, regulators, federal and state agencies, brokers, mortgage services vendors and law firms. Its extensive content library of regulations and investor guidelines is relied upon by virtually all of the top 100 U.S. lenders.

‘Now more than ever, the mortgage industry is in need of an all-in-one provider that helps lenders achieve compliance while producing quality loans with great efficiency,’ says Jonathan Corr, president and chief operating officer of Ellie Mae, in a release. ‘While compliance has always been a top priority at Ellie Mae, this acquisition of AllRegs solidifies our role as a trusted partner for all of a company's technology and compliance needs.’

‘The combination of AllRegs' mission-critical content, tools and services with the market leading compliance and mortgage management technology provider, Ellie Mae, will be a game-changer for the industry,’ adds Jeff Hoerster, former president of AllRegs, who will assume the role of Ellie Mae's vice president and general manager, AllRegs.

Register here to receive our Latest Headlines email newsletter




Leave a Comment