A pricing engine is an automated software solution that allows the mortgage originator to enter variables like employment details, credit details, and desired loan details. When the data is submitted, the pricing engine returns different loan pricing scenarios based on a borrower’s unique profile.
With a pricing engine, lenders can easily present options to buyers across a range of possible interest rates and loan programs, helping them target the right mortgage for their needs.
For Mortgage Professionals
A pricing engine easily and quickly compiles data that would take hours or days for a professional employee to gather.
When you can present a customer with options and match them to the right loan, it builds trust and customer satisfaction, leading to referrals and customer retention.
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Polly operates the mortgage industry’s first and only cloud-native, commercially scalable pricing engine. Since its introduction in 2019, Polly has continued to propel unmatched innovation and functional depth that enables lenders to turn their secondary and capital markets function into a high-performing profit center.
Blog post by Polly Every year, billions of dollars are lost due to ineffective processes, system inefficiencies, and manual mistakes. As the mortgage industry shifts
Blog post by Polly We have talked before about Polly’s comprehensive suite of features and the robust functionality available within our only-of-its-kind, vertically integrated capital
Blog post by Polly Polly’s Founder and CEO, Adam Carmel, recently connected with the Mortgage Bankers Association for an executive conversation about the current state
Blog post by Lender Price Having an API is a great way to increase efficiency and flexibility, but it’s not enough. Many pricing vendors claim
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