SOURCE: LoanScoreCard

LoanScorecard

October 06, 2016 09:00 ET

LoanScorecard Launches Pricer1

New Mobile Solution Allows Originators to Search for Product and Pricing Whenever and Wherever They Are

IRVINE, CA--(Marketwired - October 06, 2016) - LoanScorecard, a leading provider of automated underwriting and compliance solutions, announced today that it has launched Pricer1, a personalized product and pricing engine for portfolio lenders and originators that can be accessed via web browser or mobile app. The announcement was made at the ASCEND16 mortgage industry symposium and user conference in New Orleans.

Pricer1 allows portfolio lenders to instantly distribute their own rates and fees, as well as other investor pricing, to referral partners, third-party originators and builders via a custom-branded website and mobile app. Both the lender, and the originator can add their branding to the app and website, personalizing the presentation to their respective customers.

Originators using Pricer1 can access a personalized dashboard of live rates. They can search based on borrower profile, product type, best execution, rate, margin, etc. to provide eligible products and pricing options to potential borrowers in the office or on the go. In addition, users can create and save pre-configured, "typical" scenarios and borrower contact information to save time.

The Pricer1 app allows users to track and preserve every rate quote and lock request, as well as send lock requests directly from their mobile devices.

Pricer1 operates within Calyx Point(R) and PathSoftware(TM), and is also accessible via any web browser. It is currently available for download in the Google Play Store for Android devices and will soon be available in the Apple App Store for iOS devices.

"Millennials make up the largest population segment and are just beginning to make their mark on the housing market," said Ben Wu, executive director at LoanScorecard. "They expect fast answers that they can receive digitally whether they're at a lender's officer or an open house. Pricer1 enables originators to stay hi-tech and hi-touch -- providing Millennials with live rates in seconds, but presented in a way that supports a lender's brand."

About LoanScorecard
LoanScorecard(R) is a leading provider of automated underwriting and loan pricing solutions designed to meet today's regulatory challenges and capitalize on today's market opportunities. LoanScorecard Custom AUS streamlines non-agency mortgage underwriting, eliminating manual processing delays and time wasted on unqualified loans, ensuring that loans are approved and consistently documented to satisfy ATR and fair lending compliance. Custom AUS can be tailored to capture each lender's specific credit policy and render underwriting findings that demonstrate a consistent loan manufacturing process to auditors and investors. LoanScorecard LO Connect electronically distributes wholesale and investor products and pricing to third-party originators, providing TPOs with a real-time, interactive tool to determine borrower fit and price for non-agency programs, and enabling them to submit qualified loans to wholesalers and investors with confidence. Additionally, as the industry's first QM engine, LoanScorecard helps institutions address CFPB regulations, rendering more than four million QM Findings Reports to date. For more information, visit LoanScorecard.com or call 800-617-0892.

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