Mortgage industry software solutions and services provider Ellie Mae says it has an agreement to acquire AllRegs, whose loan product and guideline data and analytics are used by more than 3,000 companies including mortgage lenders, brokers, investors, servicers, regulators and law firms, for $30 million in cash. "AllRegs has built a strong reputation as the industry’s source for investor guidelines, compliance resources and education,” said Ellie Mae CEO Sig Anderman, in a statement announcing the deal, which is expected to close in the next 90 days. "With the acquisition of AllRegs, Ellie Mae will expand its customer base and add a broad array of content and services that complement our portfolio of product offerings. This strategic acquisition enhances Ellie Mae’s compliance lea...
Jul 24, 2014 by Inman
Apr 4, 2014 by Andrea V. Brambila