The mortgage division of Alltel Information Services has joined forces with MixStar to distribute product and pricing information to lenders.
Alltel will link its network, which allows lenders to enter information on their loans and distribute it to other users, to MixStar, an on-line mortgage information service.
"We expect that accessing information on-line will become more and more a facet of everyday life of mortgage originators," said Walter Blass, chairman of MixStar. He said his company was positioning itself to play a key role in providing information to lenders.
The Alltel announcement said its information system was interactive and allows users to search for specific loan criteria and to receive updated pricing based on those criteria.
The MixStar service can be accessed through America Online or via the Internet at www.mixstar.com.