AllRegs Acquires Merit Matrix

Eagan, Minn.-based AllRegs, which has been providing product and underwriting guidelines to the mortgage industry for nearly 20 years, has acquired Merit Matrix, a division of IntraPrise Solutions Inc. headquartered in Warminster, Pa. The terms of the deal were not disclosed. A source told MortgageWire that all Merit Matrix employees will be retained, while all the technology will be rolled into AllRegs' Loan Library offering. 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. The acquisition also allows for mortgage professionals to continue using their 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. AllRegs is the exclusive provider of product and underwriting guidelines for Freddie Mac and Fannie Mae. The company can be found on the Web at http://www.allregs.com.