LoanScorecard has announced the launch of Pricer1, a personalized product and pricing engine (PPE) for portfolio lenders and originators that can be accessed via a Web browser or mobile app. Pricer1 allows portfolio lenders to instantly distribute their own rates and fees, as well as other investor pricing, to referral partners, third-party originators and builders via a custom-branded Web site and mobile app. Both the lender, and the originator can add their branding to the app and Web site, personalizing the presentation for their respective originators and customers.
Originators using Pricer1 can access a personalized dashboard of live rates. They can search based on borrower profile, product type, best execution, rate, margin, etc. to provide eligible products and pricing options to potential borrowers in the office or on the go. In addition, users can create and save pre-configured, "typical" scenarios and borrower contact information to save time.
The Pricer1 app allows users to track and preserve every rate quote and lock request, as well as send lock requests directly from their mobile devices.
Pricer1 operates within Calyx Point and PathSoftware, and is also accessible via any Web browser. It is currently available for download in the Google Play Store for Android devices and will soon be available in the Apple App Store for iOS devices.
“Millennials now make up the largest population segment and are just beginning to make their mark on the housing market,” said Ben Wu, executive director at LoanScorecard. “They expect fast answers that they can receive digitally whether they’re at a lender’s officer or an open house. Pricer1 enables originators to stay hi-tech and hi-touch—providing Millennials with live rates in seconds, but presented in a way that supports a lender’s brand.”
