Eagan, Minn.-based AllRegs, an information provider for the mortgage lending industry, has acquired Merit Matrix, a division of IntraPrise Solutions Inc. (ISI) headquartered in Warminster, Pa.
According to the companies, the acquisition of Merit Matrix allows AllRegs to round out its content available to mortgage bankers with more than 64 investors and nearly 3,000 loan products. Additionally, the acquisition of Merit Matrix allows for mortgage professionals to continue using their existing loan platforms and product and pricing engines for loan transactions, which are now able to receive data directly from AllRegs via direct XML data feeds.
‘The acquisition of Merit Matrix allows us to better serve the mortgage industry by providing fast, accurate answers to today's business challenges,’ states Glenn Ford, founder, chairman and CEO of AllRegs. ‘We welcome the Merit Matrix staff to the AllRegs family and look forward to incorporating this robust information into our suite of products.’
Sources: AllRegs, Intraprise Solutions Inc.