AllRegs Expands Training Services and Web Offerings.

EAGAN, MN -- AllRegs, an online publisher of reference information for the residential mortgage industry, recently launched an updated website and enhanced its user application, AllRegs Online.

But the new website, which features improved navigation and organization, is just one facet of the company's business growth strategy heading into this year's MBA annual.

Dan Thoms, senior vice president of sales and strategic initiatives, told NMN that AllRegs sees opportunities to expand its role in providing underwriting guidelines and training to the mortgage industry in addition to its online library of regulations that affect the industry.

AllRegs has been a longtime publisher of Fannie Mae and Freddie Mac underwriting guidelines, and the company is expanding its services for providing private investor guidelines as well with a new product, proGuides. That product enables lenders to share their product descriptions and underwriting guides with their internal staff and at the same time offer branded versions to their brokers and correspondents from within the AllRegs platform. As part of proGuides, the company is also offering "firstPass," a tool that helps lenders select and compare loan products.

"That's a hot product because investors are looking for help in organizing their guidelines," Mr. Thoms said.

Previously, many lenders provided guides in PDF format. The AllRegs platform will make it easier for lenders to search for products and guidelines within a lender's library via a search engine.

He said the company plans to name some of the new participating lenders at this year's convention.