Underwriting is at the core of your business. Making sure a loan is really a loan not only makes you money, it keeps you from losing it. But most lenders don't underwrite a loan until after it's been originated and processed. With an industry average pull-through rate of 75%, lenders are wasting time and resources on 1 out of every 4 loans. That's money down the drain.
LendingQB's Automated Underwriting and Loan Pricing engine, also known as PriceMyLoan, can boost your pull-through rates to 90% or higher.
How? By providing incredibly accurate loan eligibility and pricing decisions right at the point of sale. PriceMyLoan is seamlessly built into LendingQB. Seamless as in, we built and own both systems. No flimsy integrations here.
PriceMyLoan is a robust and mature system that we originally released in 2004. It has helped hundreds of lenders transform the way they approve loans, and now it's available in its very own loan origination system.
That means your originators will have easy and convenient access to investor guidelines and ratesheets. They'll be more effective at evaluating borrowers before a loan is even submitted, allowing you to conserve your valuable processing and underwriting resources.
Come and experience how LendingQB and PriceMyLoan work together to provide lenders with a loan origination experience that can only be described as revolutionary.
For more information about PriceMyLoan, please feel free to visit www.pricemyloan.com.
Accurately determine loan eligibility based on investor overlays and guidelines
Complete utilization of borrower credit report data
Comprehensive library of pre-built investor products
Investor guideline updates and management provided by LendingQB
Customizable overlays for lender-specific eligibility criteria
Complete design, build and maintenance of custom loan products
Natively developed solution - built by LendingQB for LendingQB
Completely integrated into lending workflow
Pricing derived from lender-specific investor rate sheets
Automated rate sheet process downloads new pricing every five minutes
All loan level pricing adjustments included
Customizable overlays for lender-specific price adjustments
Create separate price groups to manage different sales channels and pricing tiers
Originator compensation automatically calculated into pricing
Automatic rate sheet expiration prevents locks on stale pricing
Manually disable pricing for complete control