PriceMyLoan
is a true automated underwriting system.
Underwriting guidelines of every investor
loan product are written and maintained
in amazing detail, resulting in loan decisions
that are accurate beyond comparison. Additionally,
results are displayed with custom underwriting
conditions and stipulations included.
PriceMyLoan
is fully web-based, so all that is needed
is a Web browser and an Internet connection
to access its full capabilities. The system
is private-labeled to seamlessly blend with
your existing corporate branding. Loan program
names can be private-labeled as well, customizing
the user experience to your liking.
PriceMyLoan
is literally a credit expert. Our unique
history in credit reporting affords us the
ability to read, parse and process live
credit data to a degree that is simply unmatched.
PriceMyLoan meticulously analyzes individual
borrower tradelines, identifying derogatory
information including bankruptcies, foreclosures,
public records and mortgage lates. The resulting
eligibility and pricing decisions are extremely
accurate and can prevent costly errors from
occurring.
Loan pricing is fully adjusted and incorporates matrices sourced directly from investors. PriceMyLoan automatically applies appropriate loan level adjustments. Rate sheets are updated throughout the day to ensure pricing is timely and accurate.
Best Execution Pricing automatically selects the best rebate pricing available at each interest rate level, making real-time comparisons between multiple investors to produce a merged rate sheet result. Originators no longer have to cross-reference different product families in order to maximize their profits, providing an easy and effective way for lenders to add value to their online services.
PriceMyLoan is integrated with both Desktop Originator® / Desktop Underwriter® and Freddie Mac's Loan Prospector® systems, providing easy access to underwriting findings for conforming, FHA and VA loan products. GSE findings are automatically saved to the loan file and originators can even import existing casefiles directly into the system. The end result is comprehensive underwriting and loan pricing from one place, allowing lenders to capture more business and speed their origination process.
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PriceMyLoan is connected to every credit reporting agency in the country. Originators have the option to order new or re-issue previously ordered reports.
See our complete list of credit vendors
Every loan product in PriceMyLoan is built and actively maintained by our engineers. All guideline, matrix and pricing updates are managed in real-time by PriceMyLoan, relieving you of the burden of loan product maintenance. Simply select your choice of investors and loan products, and we do the rest.
See our fully maintained investor library
Originators use Quick Pricer to get an instant snapshot of loan eligibility and pricing.
Click here to learn more about Quick Pricer
Check loan eligibility and pricing on your phone! Mobile Quick Pricer is designed for the mortgage professional on the go. Supports Blackberry, iPhone and Windows Mobile phones.
Click here to learn more about Mobile Quick Pricer
Rate Sheet Expiration (RSE) automatically expires pricing and prevents originators from submitting rate locks when investor rate sheets have not been updated. RSE provides lenders with price protection and ensures that originators get the pricing they expect.
The Disable Pricing feature gives lenders the ability to directly expire pricing on their own, without relying on our automated RSE process. Disable Pricing is a real-time interface that allows lenders to select a single product, a group of product types, or entire investor product lines to instantly prevent rate locks from being submitted.
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