In today’s environment, lenders need
to run lean in order to remain profitable.
Conventional and government loan products
offer thin margins, leaving less room for
lenders to waste valuable resources on loans
that don’t fund. Attracting quality
originators is critical because it bolsters
loan volume growth, but having to add staff
to meet increased demand creates a drag
on profitability.
Lenders need to find a way to ramp up volume
without increasing production costs. PriceMyLoan’s
loan pricing and automated underwriting
engine delivers on both counts, resulting
in improved lender profitability and enhanced
competitiveness.
PriceMyLoan is a convenient, easy-to-use
online system thatprovides originators with
the one-stop shopping experience that they’re
looking for. In less than 30 seconds, PriceMyLoan
generates loan qualification and pricing
decisions across multiple investors and
product types, including conventional, FHA,
VA and nonconforming.
PriceMyLoan eliminates
the legwork of checking guidelines and deciphering
rate sheets, providing originators with
a decision so accurate, they’ll insist
on using it for all their loans. With competition
for originators growing fierce, PriceMyLoan
can actually attract new volume and provide
your business with a key resource for recruiting
top-producing talent.
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PriceMyLoan’s accuracy at pricing
and qualifying loans results in loan submissions
that have much better pull through. As a
result, your production pipeline will end
up focused on loans that have a high chance
of closing, allowing better use of valuable
personnel resources.
Why pay for additional
underwriters to sift through poor quality
submissions, when PriceMyLoan can do that
for you? All of the increased volume you’re
able to attract will now translate into
larger profits and a healthier bottom line.
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