Mortech And AllRegs Form Strategic Alliance

Posted by Orb Staff on June 05, 2012 No Comments
Categories : Residential Mortgage

11705_78484219 Mortech And AllRegs Form Strategic Alliance Lincoln, Neb.-based Mortech Inc., a mortgage technology software company specializing in solutions for mortgage bankers and secondary market teams, has announced an exclusive new strategic alliance with Eagan, Minn.-based AllRegs, a leading information provider for the mortgage lending industry.

Under the new agreement, the Mortech Product & Pricing Engine (PPE), a tool built into MarksmanLMP, will be the exclusive PPE recipient of AllRegs' loan product library, which includes loan programs for more than 70 investors, some of whom only share information with AllRegs. Previously, AllRegs provided its data to a number of PPE providers in the marketplace, but it decided earlier this year to concentrate its efforts on a single strategic alliance.

‘We've worked with Mortech for a number of years and wanted to create a more strategic alliance with the company,’ says Dan Thoms, executive vice president and chief strategy officer at AllRegs. ‘We'll be supporting loan originators through Mortech in a number of new ways, including providing educational services and special origination and compliance-focused webinars to their lender customers.’

‘This alliance solidifies MarksmanLMP's leadership position in the market,’ says Don Kracl, president of Mortech. ‘Marksman's Lending Management Platform has never been a traditional PPE. In fact, that's only one aspect of the functionality included. Because we also provide so many other tools to help loan officers qualify opportunities before entering the LOS, it was difficult for simple PPEs to compete. Now with AllRegs providing its exclusive loan library data to only Mortech, it adds even more value to the MarksmanLMP process.’

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