Mortech and AllRegs form Strategic Alliance

Partnership Simplifies the Mortgage Closing Process
 
May 5, 2008 - PRLog -- LINCOLN, NEBRASKA - Mortech, a leading mortgage technology software provider, and AllRegs, the leading information provider for the mortgage lending industry, today announced that both companies are poised for substantial growth opportunities as a result of Allregs’ recent acquisition of ISI’s Merit Matrix. The strategic alliance enables both companies to continue to deliver product and pricing information in an all-in-one solution to thousands of mortgage professionals.

Mortech’s all-in-one pricing, rate notification, and rich prospect management tools gives lenders the needed edge to compete in today’s tough market. And with the addition of AllRegs, the two companies will cross-sell their solutions, enabling lenders to increase close ratios.

“In a market notorious for consistent ups and downs, we are thrilled to partner with a company known for maintaining up to the minute rate changes and critical notifications,” said Glenn Ford, founder, chairman and chief executive officer of AllRegs. “This partnership creates many exciting possibilities for both Mortech and AllRegs.”

In addition to opening several opportunities, the new partnership enables both companies to address some of lenders biggest challenges.

“Searching for niche products and guidelines is one of the biggest pain points for our customers,” said Don Kracl, president of Mortech. “Coupling AllReg’s best of breed product guidelines with our all-in-one solution gives lenders and loan officers a comprehensive seamless solution to address these challenges.”

To learn more about Mortech’s Marksman solution please visit www.Mortech-inc.com
or www.marksman-ppe.com. Or call (888)529- 3590.

To learn more about AllRegs’ products and services, as well as AllRegs Academy’s training programs and resources, visit www.allregs.com or call (800) 848-4904.


About AllRegs
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 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 for retail and wholesale lenders and a library of historical guidelines. The educational division, AllRegs Academy, offers distance learning, classroom training, and a series of online Practical Guides. For more information call
(800) 848-4904 or go to www.allregs.com

About ISI
IntraPrise Solutions, Inc. ('ISI') provides business and technology solutions for the Financial Services and Healthcare industries. In addition to products such as Level1Loans and MobileMD, the company, headquartered in Warminster, Pennsylvania, offers a wide range of services including business consulting, software engineering, and application hosting. For more information about ISI please visit www.intraprise.com or call (215) 420-1317.

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Mortech, a leading mortgage technology software provider, supplies all-in-one pricing, rate notification, rich prospect management tools, highly-accurate loan product eligibility and guidelines services to thousands of lenders and loan officers. Marksman, Mortech’s flagship web based software, is a cost effective full-service solution that offers a comprehensive set of tools to automate, simplify and manage lender information in a robust format. Marksman supplies lenders with the tools they need to automate the loan process and manage sales cycles --increasing loan close ratios dramatically. Product and pricing information from all major investors is maintained by industry experts in real time resulting in the most full-featured and affordable PPE available. (www.mortech-inc.com)

Contact:
Renee Harvey
Mortech, Inc
402-434-7293
renee@mortech-inc.com
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