AllRegs Buys Lender E-Source

AllRegs, an information provider for the mortgage lending industry based in Eagan, Minn., has announced the acquisition of Lender E-Source, a Web-based purveyor of mortgage lending product and underwriting guidelines.The terms of the transaction were not disclosed. Lender E-Source provides solutions that allow lenders to manage constantly changing loan product and underwriting guidelines through a searchable, automatically managed loan guideline library. "Lender E-Source's LoanLibrary is a perfect complement to our Single-Family Lending Package of GSE and governmental guidelines, as well as our state and federal compliance products," said Glenn Ford, founder, chairman, and chief executive officer of AllRegs. Derek Long, the founder of Lender E-Source, will join AllRegs as senior vice president of content and delivery. AllRegs can be found on the Web at http://www.allregs.com.