EAGAN, Minn., Sept. 9, 2013 /PRNewswire/ — LAKE MICHIGAN FINANCIAL GROUP is proud to announce that AllRegs, the leading information provider for the mortgage industry, is publishing the library of program details for the Company's Correspondent Lending Division. LAKE MICHIGAN's program details will now be available through their corporate website for approved correspondents and through AllRegs Market Clarity® and AllRegs Investor Library® for mortgage lenders.
LAKE MICHIGAN FINANCIAL GROUP will now leverage the AllRegs technology platform and publishing expertise to manage and maintain its library of correspondent mortgage program details. Users will benefit from a variety of productivity tools, including an electronic Table of Contents tree which links to the program details. Content is also accessible through a robust search engine that features a thesaurus with industry jargon and relative matching results.
Internal customers and business partners, through AllRegs products such as the Investor Library and AllRegs Market Clarity, will now be able to access details on a variety of programs, including:
- Fannie/Freddie conventional conforming loans with NO OVERLAYS
- HARP loans (both Fannie and Freddie)
- Jumbo loans (FIXED RATE and ARMS) up to 90% LTV
- Non-warrantable condo loans
- LMMI Loans with built-in discounted MI premiums
- Fannie Mae HomePath Loans
- FHA and VA Loans
- Portfolio ARM loan products
"We at AllRegs are proud to provide LAKE MICHIGAN FINANCIAL GROUP staff and business partners with an innovative and robust resource to access their program details in real-time," says Dan Thoms, Executive Vice President of AllRegs. "Delivered through our proprietary technology, the LAKE MICHIGAN FINANCIAL GROUP lending library will help their staff and partners alike to streamline business processes and increase productivity."
"Lake Michigan Financial Group (LMFG) is proud to add AllRegs as a corporate strategic partner," stated Eric Burgoon, Senior Vice President Mortgage Lending, Lake Michigan Credit Union. "We have found their full suite of services and technology allows us to provide our clients with immediate and simplified access to our product guidelines and our platform offerings."
For more information on how LAKE MICHIGAN FINANCIAL GROUP division can help your business grow, please visit our websitewww.lakemichigan-financial.com, call us at (866) 782-5050 or contact Molly Delaney, Correspondent Lending Account Executive, directly at Email.
For more information about AllRegs and its publishing services, visit www.allregs.com or contact AllRegs at (800) 848-4904, Monday through Friday, between the hours of 8:00 a.m. and 6:00 p.m. CT.
About LAKE MICHIGAN FINANCIAL GROUP Correspondent Lending
The Lake Michigan Financial Group Advantage – a tradition of strength and stability. Lake Michigan Financial Group is a wholly-owned subsidiary of Lake Michigan Credit Union, with corporate offices located in Grand Rapids, Michigan. Founded in 1933, Lake Michigan Credit Union has assets of almost $3 billion and is recognized as one of the nation's financially strongest credit unions, achieving one of the highest Return on Average Assets (ROAA) among credit unions with over $2.9 billion in assets. LMCU has a portfolio of $5 billion in mortgages serviced.
Lake Michigan Financial Group partners with financial institutions such as mortgage lenders, banks, credit unions and savings and loans to purchase whole-loan assets, offering a dependable source of liquidity. Our business is to focus on your business. We work closely with our correspondent lender partners, to develop a plan and program that will help maximize your profitability, reduce your risk, and manage your mortgage business. Your success is our goal. We've developed a systematic process that allows us to partner with you to create innovative and customized solutions with strong value oriented pricing executions on the market. We custom tailor programs by incorporating your guidelines and make acceptable variances, where relevant. This process helps you develop new products, expand into different markets, and compete with larger lenders.
For more information about becoming an approved correspondent lending partner, please visit our website www.lakemichigan-financial.com, call us at (866) 782-5050 or contact Molly Delaney, Correspondent Lending Account Executive, directly atEmail
Eligible States: DE, DC, IA, IL, IN, KY, MD, MI, MN, NJ, NC, OH, PA, SC, TN, VA, WV, WI
About AllRegs®
First introduced in 1989, AllRegs is used by virtually all of the top 100 lenders as well as throughout numerous governmental agencies, including Fannie Mae, Freddie Mac, the FHLBs, FHA, VA, RHS, Ginnie Mae, and more. 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 & 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. For more information, call (800) 848-4904 or go to www.allregs.com.
For more information about AllRegs, contact:
Krista Sabol
Vice President, Marketing & Communications
Email or 651-289-4809
For more information about Lake Michigan Financial Group, contact:
Don Bratt
Vice President, Marketing
Email or 616-242-9774
Molly Delaney
Correspondent Lending Account Executive
Email or 313-886-3234