Myers Internet Chooses LoanSifter to Enhance Mortgage POS Eligibility and Pricing

MILWAUKEE and APPLETON, Wis., Feb. 2 /PRNewswire/ -- Myers Internet, a website provider for mortgage originators and real estate professionals, announced today its strategic alliance with LoanSifter, the leading provider of web-based product and pricing tools.  The integrated offering provides Myers customers with LoanSifter's comprehensive tools to price, manage, and market loans.

"We are pleased to partner with LoanSifter, and further expand options available to Myers users," said Chad Northington, managing director for Myers, a subsidiary of MGIC Investment Corporation.  "LoanSifter's products provide instantaneous up-to-the-minute pricing, product and guideline information and will be a tremendously useful tool for Myers users and their borrowers."

LoanSifter monitors and updates in real-time underwriting and pricing on over 130 correspondent and wholesale investors, as well as MGIC's mortgage insurance pricing and eligibility guidelines.  

"We are constantly looking to enhance the consumer experience on our clients' websites," said Northington. "This initiative is the first of several planned for this year, and one that we see as a critical point-of-sale solution for Myers clients."

The new LoanSifter enhanced product offering will replace Myers current rate product immediately, and the old rate product will be retired as of March 23, 2010.

"In today's environment, mortgage professionals need tools that can seamlessly give them a competitive edge," explains Bruce Backer, president of LoanSifter.  "What we bring to Myers customers is just that – an opportunity to remain nimble with an automated workflow that offers improved data quality, better control and compliance, and improved profitability."

To learn more about the LoanSifter integration, contact your Myers account manager or e-mail [email protected].

About LoanSifter, Inc.

LoanSifter, Inc., provides the banking industry's most comprehensive tools for loan originators and secondary departments to price, manage, and market loans.  The company's flagship product, LoanSifter, is an accurate, web-based product eligibility and pricing solution providing banks, credit unions and mortgage bankers with comprehensive tools to improve their service levels and increase pull-through.  LoanSifter is also the leader in delivering point-of-sale and marketing tools to loan officers, with its eOriginations POS and highly customizable website utilities, including promotional rate tables, consumer-facing pricing search, online applications, credit pull, and closing document management.  Automated tools include email campaigns, custom quoting for Zillow and LendingTree, scenario-specific rate monitoring alerts, and open house flyers. For more information about LoanSifter, call 920.268.4770 or visit www.LoanSifter.com.

About Myers Internet

Based in Milwaukee, Myers Internet provides web hosting, lead generation and back office solutions to mortgage originators and real estate agents. Myers low cost, highly functional web sites enable clients to generate more business and save time through automation. Myers origination clients also benefit from a direct interface into eMagic, enabling one click lead to loan processing and delivering a comprehensive origination platform for mortgage originators. For more information about Myers, call 800.693.7730 or visit www.Myers.com.

SOURCE Myers Internet