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Lenders One and AllRegs Partner for Mortgage Banking Compliance

St. Louis-headquartered ""Lenders One Mortgage Cooperative"":http://www.lendersone.com recently announced its partnership with ""AllRegs"":http://www.allregs.com as the organization's newest preferred vendor.

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A national alliance of independent mortgage bankers, correspondent lenders, and suppliers of mortgage products and services, Lenders One has more than 150 members who originated $77 billion in mortgage loans in 2009.

According to statement released by Lenders One, its members will benefit from AllRegs' compliance training programs and access to a central repository for single and

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multifamily underwriting and insuring guidelines, as well as federal compliance laws and regulations.

""Compliance training and education are a vital part to the success of any mortgage banker in this market,"" said Scott Stern, CEO of Lenders One. ""Consistent modifications to state and federal legislation as well as recurring new regulation can threaten the profitability and the effectiveness of any lender if not proactively confronted.""

Stern added, ""Teaming with AllRegs, our members have access to the comprehensive knowledge and preparedness tools they need to be well-informed and compliant with guidelines at any level.""

AllRegs provides a searchable, online information resource of federal and state statutes with analysis, commentary, and how-to manuals, as well as compliance training programs via AllRegs Academy.

""We are very excited to partner with Lenders One and help its members meet their compliance, underwriting, and training needs,"" said Dan Thoms, SVP for AllRegs. ""The companies comprising the Lenders One membership want to stay apprised of federal and state regulatory changes. AllRegs' tools, services, and resources support this mission-critical requirement in the industry.""

About Author: Heather Cernoch

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