By Tom Farmer
Corporate Communications, MassHousing
MassHousing is now publishing content on AllRegs, the leading information provider in the mortgage industry. The Agency will leverage AllRegs' technology platform and publishing expertise to manage and maintain its policies, procedures and guidelines, and to more efficiently provide information to lenders amidst the changing world of mortgage lending.
"The world of mortgage lending and affordable housing is always changing and evolving," said Peter Milewski, MassHousing's Director of HomeOwnership Lending. "AllRegs is a dynamic tool that allows us to provide information to our lenders more efficiently than ever before. We expect that this is just the beginning of our relationship with AllRegs. They will be a partner going forward as we introduce new loan programs that help us to achieve our mission of making affordable loans available to homebuyers with modest incomes."
The MassHousing Seller Guide is available in the MassHousing Lending Library accessible to visitors of emasshousing.com, the Agency's lender extranet. Users that subscribe to the AllRegs flagship product, the Single-Family Lending Package, can also access the content through the State Housing Finance Agency section of Agency Guidelines.
Users will benefit from a variety of productivity tools, including an electronic table of contents with links to guidelines and a robust search engine that features a thesaurus with industry jargon and relative matching results.
In addition, the MassHousing Library features an Announcement Summaries section to notify users of changes to content—delivered via e-Alerts—and an email feature to share content with colleagues.
"We at AllRegs are excited to work with MassHousing to publish their guidelines through our proprietary technology," says Dan Thoms, Executive Vice President of AllRegs. "Further, their content is a valuable addition to our library of mortgage industry content for our Single-Family Lending Package subscribers."
Introduced in 1989, AllRegs is used by virtually all of the top 100 home mortgage lenders as well as numerous governmental agencies, including Fannie Mae, Freddie Mac, the Federal Home Loan Banks, FHA, VA, RHS and Ginnie Mae.
AllRegs is the exclusive electronic publisher of the Fannie Mae and Freddie Mac Single and Multi-Family Seller/Servicer Guides and The Federal Home Loan Banks' MPF Program Guidelines. Products include single and multifamily underwriting and insuring guidelines as well as federal compliance laws and regulations, state compliance laws and regulations with plain-language analyses, contract publishing services, policy manuals and a library of historical guidelines. The educational division, AllRegs Academy, offers virtual and live training, as well as designation and practical guides. The Professional Services Group develops custom guides, policy manuals and other documents on a contract basis.