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 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
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 prevent costly errors from
occurring. |
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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.
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
PriceMyLoan is directly integrated with Fannie Mae's Desktop
Originator (DO) and Deskstop Underwriter
(DU), allowing users to submit loans to DO and DU from within
PriceMyLoan. DO/DU findings will automatically
populate back on to PriceMyLoan files, creating
a streamlined process for conforming loan
products.
PriceMyLoan is also integrated with Freddie Mac's Loan Prospector (LP) automated underwriting system. This direct interface provides originators with a seamless link to LP to retrieve eligibility findings and immediately obtain pricing within PriceMyLoan.
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