Mortgage lenders must strike a delicate balance between optimizing their processes to remain flexible and responsive to market changes and adopting cost-effective and scalable technology to achieve greater efficiency in an industry where innovation has historically lagged.

While mortgage technology solutions (e.g., CRM, POS, LOS, etc.) address particular stages of the loan origination process, a pricing and eligibility engine (“PPE”) impacts the entire process. It can serve as a cost-effective solution to realize immediate ROI. While all PPE solutions provide pricing, there are significant differences in technological capabilities between a legacy PPE and a modern PPE. Legacy PPE solutions are proven but unable to scale. A modern PPE is highly configurable from its user interface to its easily manageable back-end, where you maintain loan programs, loan-level pricing adjustments, margin management, and lock desk workflows. All of this can help lenders reduce their overhead expenses while still providing the best service to meet the expectations of their borrowers. Getting the best possible deal for your customers is necessary to win the mortgage business.

What distinguishes legacy PPEs from their modern counterparts primarily relates to a monolithic tech stack and its impact on scalability and performance. However, technology is not what separates modern PPEs. All modern PPE solutions offer scalability because that is one of the critical objectives of new technologies. What distinguishes one modern PPE from another primarily relates to execution, implementation experience, know-how, mortgage expertise, and customer service. The risk of selecting an unproven provider can cost decision-makers and damage credibility. As lenders become more deliberate in their assessment, review, and selection process, the provider’s track record becomes a significant (and oftentimes, determining) factor in winning the business.

Which modern PPE solution has the demonstrable track record of successfully executing mid-sized and large-scale implementations for the many types of lenders in the mortgage industry? Lender Price is time-tested and experienced. We are uniquely positioned to offer solutions, advice, and recommendations because we have seen and gone through many different types of implementation scenarios. We are confident in our ability to deliver a PPE solution that meets the needs of Banks, IMBs, credit unions, and large enterprise lenders. 

Our scalable PPE can help lenders identify the lowest possible rates and best loan programs and provide the best possible customer service. It can also help them extend their reach and improve efficiency by providing more accurate and timely secondary marketing insight. A modern and proven PPE solution will enable a lender to outperform its peers in an economic upturn and survive when the tides shift, as we are experiencing in the current market downturn.

A modern and proven PPE can help lenders improve their customer experience by continuously improving their pricing and eligibility processes. Lenders can also maintain their scalable operations by constantly adapting to the changes in the market. The right PPE helps lenders improve their pricing and eligibility rules, provide granular margin management, and maintain a scalable operation.

When it comes to the mortgage process, customers expect the best possible deal. They also want to access the most accurate and competitive scenarios. A modern and proven PPE can help lenders deliver this by allowing them to access calculations in seconds.