AllRegs and Optimal Blue Announce Integrated Solution for Loan Officers

EAGAN, Minn.--(BUSINESS WIRE)--AllRegs, the leading information provider for the mortgage lending industry, and Optimal Blue, developer of a comprehensive, Web-based platform that couples decisioning technology with content management for the mortgage industry have combined resources to provide an integrated solution for loan officers.

The AllRegs LoanLibrary product, which features 2,600 products and 60 investors, will now be available to all users of Optimal Blue’s Web-based product eligibility and pricing engine (PPE). Optimal Blue maintains, updates and delivers the current mortgage product content accessed by its customers through their automated secondary marketing platform.

The data from the AllRegs application will be integrated into Optimal Blue’s PPE through its sophisticated Web service, allowing Optimal Blue customers to search product and pricing, with the seamless ability to access updated investor guidelines. This new integrated product will be a feature available to all Optimal Blue customers.

“AllRegs is proud to partner with Optimal Blue on such an important service,” said Dan Thoms, AllRegs senior vice president. “By combining our resources, loan officers will have access to a product that enables them 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.”

Larry Huff, co-CEO of Optimal Blue, said, “In today’s mortgage environment, having a product eligibility and pricing engine is a necessity, as it enables mortgage bankers to automate the sourcing, pricing, and locking of a loan within seconds. AllRegs consistently enhances its products to anticipate the needs of its customers, and this integration is validation of those efforts. AllRegs and Optimal Blue users will benefit from cost and time savings, higher borrower satisfaction and increased profitability.”

Should you have any questions regarding AllRegs and its other products and services, including AllRegs Academy’s Learning Pass, please contact AllRegs at (800) 848-4904 or visit the company’s Web site at www.allregs.com. For additional information about Optimal Blue, visit the company’s Web site at www.optimalblue.com or call (888) 899-BLUE (2583).

About AllRegs

First introduced in 1989, AllRegs is used by virtually all of the top 100 lenders as well as throughout numerous governmental agencies, including Fannie Mae, Freddie Mac, the FHLBs, FHA, VA, RHS, Ginnie Mae, and more. AllRegs is a Mortgage Technology Magazine Top 50 Service Provider for 2008 and the exclusive electronic publisher of the Fannie Mae and Freddie Mac Single and Multi-Family Seller/Servicer Guides, The Federal Home Loan Banks’ MPF Program Guidelines, and CalPERS’ Member Home Loan Program Guidelines. Products include single and multifamily underwriting & insuring guidelines as well as federal compliance laws and regulations, state compliance laws and regulations with plain-language analyses, contract publishing services and a library of historical guidelines. The educational division, AllRegs Academy, offers distance learning, classroom training and practical guides. For more information, call (800) 848-4904 or go to www.allregs.com.

About Optimal Blue

Founded in 2002, Optimal Blue is a Web-based provider of product eligibility and pricing engine (PPE) technology. Based in Plano, Texas, Optimal Blue has developed a comprehensive suite of products designed to give lenders the ability to automate the management and distribution of their products and pricing, enabling originators to then source, manage, price and lock loans in a way that is efficient, accurate and easy to use. Without having to be technology experts, Optimal Blue’s solutions allow clients to leverage superior technology and content for a competitive advantage. For more information, please visit www.optimalblue.com.