In an effort to bring sophisticated business intelligence tools to the mortgage marketplace, ""AllRegs"":http://www.allregs.com/, headquartered in Eagan, Minnesota, and Denver-based ""Motivity Solutions, Inc."":http://www.motivitysolutions.com/, have joined forces.[IMAGE]
""Partnering with an industry leading content provider to create products that are innovative and relevant is exciting for Motivity Solutions,"" said Gabe Minton, chief strategy officer of Motivity Solutions. ""The ability to combine our award-winning business intelligence tools with the industry's pre-eminent content library will create tremendous value for mortgage companies and continues to drive our mission to take the industry to the next level.""
To this new partnership, Motivity Solutions brings Movation, which the company created. Launched in 2009, Movation is a business management platform that focuses on the whole of a mortgage-based operation, allowing adopters to maximize efficiencies and opportunities through their organization.[COLUMN_BREAK]
By applying this platform to existing technology, companies will experience real-time access to their combined data in the form of key performance indicators, scorecards, dashboards, and on-demand reporting. In addition, Movation fills the gaps in existing technology with its leading edge imaging, business rules, activity queues, and enterprise relationship management.
""We are very excited to develop solutions with a company as innovative as Motivity,"" said Dan Thoms, SVP for AllRegs. ""Motivity's platform, Movation, is a perfect match for AllRegs' underwriting guideline content, and we expect to merge the two together in the near future.""
As an information provider for the mortgage industry, AllRegs is used by many of the top 100 lenders and by numerous governmental agencies. The company provides mortgage professionals with subscription-based access to single and multifamily underwriting and insuring guidelines, federal compliance laws and regulations, state compliance laws and regulations with plain-language analyses, contract publishing services, and training resources.
In addition, the education division, AllRegs Academy, provides training resources, and the company also offers its LoanLibrary solution, an eligibility search engine and loan product information management service.
Both AllRegs and Motivity were recipients of the 2009 Mortgage Technology magazine award. Through this collaboration, the companies plan to implement intelligence around mortgage lender product and guideline information.