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Black Knight, Inc.'s Loansifter Product, Pricing and Eligibility engine for mortgage brokers has been updated with a number of enhancements to create efficiencies. Black Knight states that the updates should help automate associate broker workflows within the pricing engine itself.
With the Loansifter PPE, mortgage brokers can search across 120 wholesale investors, giving them the opportunity to stay competitive and execute profitable lending strategies, according to a press release. The company is also promising better access to expanded guideline (Non-QM) products and a new Price Manager tool that allows brokers to customize and display investor incentives directly within the pricing results. Broker clients can automatically create and add these incentives, as well as designing their own parameters for adjustments.
Users can create, manage and reprice saved scenarios for any contact in a single click, and the configuration of dynamic loan officer compensation plans—by individual investor, property state, or globally—can be achieved in seconds, according to the press release.
"Mortgage brokers rely on the Loansifter PPE because it enables them to leverage enterprise product and pricing functionality at a low cost," said Scott Happ, president, Black Knight Secondary Marketing Technologies. "The new solution is packed with the features and functionality that our broker clients have entrusted us to deliver for many years. We have invested deeply in our PPE technology and are committed to continuing to deliver best-in-class solutions."
Click here to learn more about the Loansifter PPE.