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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