Myers Internet Chooses LoanSifter to Enhance Mortgage POS Eligibility and Pricing

Myers Internet, a website provider for mortgage originators and real estate professionals, announced 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].