PriceMyLoan Announces Mobile Quick Pricer For Smartphones

Tool puts mortgage loan qualification and pricing right in palm of loan officers’ hands

COSTA MESA, Calif. – May 7, 2009 – PriceMyLoan is announcing the release of Mobile Quick Pricer, an extension of their automated underwriting and loan pricing engine designed to work on Internet-enabled smart phones. "Loan officers are always on the go," said Gigi Campbell, director of national sales at PriceMyLoan. "The Mobile Quick Pricer gives them the ability to qualify borrowers and check current pricing wherever they are, right in the palm of their hands."

Building on the success of PriceMyLoan's recently released Quick Pricer, the Mobile Quick Pricer allows originators to enter loan scenarios and obtain loan qualification and current pricing directly from their smartphone. The Mobile Quick Pricer operates entirely within a smartphone's web browser and can be used on virtually any smartphone with Internet access. It does not require any program or application to be installed on the device. "We've been building web-based systems since 1999, so it was a natural fit for us to provide the Mobile Quick Pricer as a browser-based tool," said Binh Dang, president of PriceMyLoan.

The popularity and widespread use of smartphones is creating new ways for mortgage professionals to provide services to their clients. "The proliferation of smartphones such as the iPhone, Blackberries and other devices, in conjunction with faster Internet connection speeds, presented an ideal opportunity for us to pursue a mobile strategy," said Dang. "The introduction of the Mobile Quick Pricer is an evolution of the PriceMyLoan product."

Providing originators with a portable product and pricing tool makes perfect sense given the current mortgage environment. Low mortgage rates have sparked a refinance boom and consumer interest in mortgages is incredibly high. "A loan officer could be out at lunch, standing in line at the grocery store, or watching their kid's soccer game," said Campbell. "The Mobile Quick Pricer helps loan officers generate more loan volume by letting them take advantage of those random opportunities."

About PriceMyLoan
PriceMyLoan is a proprietary product of Insight Lending Solutions (ILS). Founded in 2002, ILS provides web-based application service for the mortgage lending industry and software as a service (SaaS) to its clients to enhance productivity, reduce IT dependency, and accelerate time-to-value for mortgage companies. Combining advanced technology development using XML and MISMO standards with high-quality service, ILS provides its clients with solutions that result in reduced loan cycle times, improved pull through rates, and a lowered total cost of software ownership. For more information, please visit www.pricemyloan.com.

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Contact: Linn Cook
PriceMyLoan
(714) 957-6335
lncook@pricemyloan.com
www.pricemyloan.com