Informative Research launches RatePro loan program and pricing engineMortgagePress.comInformative Research, RatePro, rate sheets
Informative Research has introduced RatePro, a loan program and
pricing engine, in an effort to help mortgage originators prosper
in an increasingly challenging market. Powered by industry-leading
technology, RatePro accurately scans over 1,600 wholesale loan rate
sheets daily to provide originators with accurate and complete
pricing information to match their borrower's loan scenario.
Integrating borrower credit data directly from the Informative
Research credit report, RatePro returns detailed rates and yield
spread premiums for over one hundred and fifty loan programs
offered by over twenty-five national wholesale lenders.
Informative Research is offering the product on a
per-transaction basis with no subscription fees. This allows a
broker the flexibility of use without any undo cost concerns.
According to Tony D'Ecliss, senior vice president of sales for
Informative Research, RatePro is aimed at helping mortgage
originators find more qualifying programs in a shrinking market and
optimize pricing on every loan.
"It used to be that brokers could get by with just a few lenders
and have competitive pricing across the board," said D'Ecliss. "But
it just doesn't work that way in today's market. The brokers who
are surviving are expanding their lender sources and focusing on
pricing shifts from program to program."
"RatePro helps originators find the best program from the best
lender," D'Ecliss added. "With the best rate and pricing for both
their borrower and their bottom line. Brokers are also very happy
with our flexible pay-per-use pricing. Informative Research is
excited to offer such a powerful pricing tool at a time when
brokers need it most."
In addition to detailed loan program and pricing results,
RatePro features custom search filters and a user-friendly display
for comparing quotes between lenders and programs. Users can easily
view basic underwriting guidelines and pricing adjustments for each
quote and links are provided to the source rate sheets for a more
traditional view.
RatePro's pricing engine also displays comprehensive risk based
price adjustments assuring that users get complete and accurate
quotes for their borrowers. Informative Research believes this
feature alone will attract originators who are subject to new and
constantly changing adjustments. Lenders have significantly
increased their use of risk based price adjustments in response to
GSE program guidelines.
"We've heard horror stories regarding missed pricing
adjustments. With the rate sheets now becoming more complex,
RatePro offers originators a truly comprehensive and one-stop
source for accurate pricing that just hasnt been available until
now," said DEcliss.
For more information, visit www.informativeresearch.com.
