Lender Value, a number one supplier of mortgage mortgage product and pricing know-how, has launched Base Value Answer (BPS), a brand new pricing instrument designed to assist banks, lenders, and credit score unions optimize their pricing methods.
With the brand new product, lenders have the flexibility to rapidly generate base pricing, which eliminates the necessity for a number of spreadsheets used to calculate pricing market swings. The answer not solely gives full transparency for regulators and auditors, nevertheless it additionally helps scale back handbook processes, enhance accuracy, and get pricing out quicker when the market modifications.
BPS is particularly designed for capital markets and secondary advertising and marketing groups that wish to guarantee they’re priced competitively whereas maximizing their income, Lender Value mentioned in an announcement. Customers can even set customized pricing guidelines based mostly on components comparable to seasonality, demand, and aggressive pressures.
The pricing tool is immediately built-in with high market information suppliers, enabling lenders to arrange pricing plans for various kinds of merchandise, reference buy-up or buy-down tables in addition to MSR servicing grids, and handle and alter pricing for a number of services or products. Moreover, BPS permits handbook channel-based subsidies on the coupon degree and full traceability for regulatory or audit causes.
With Base Value Answer, lenders can rapidly reprice inside minutes throughout market swings and recall any dedicated pricing date to the historical past display for reference or audit functions. By automating the method, pricing updates save time and scale back the danger of handbook errors.
“We’re excited to launch Base Value Answer, a strong pricing instrument that can assist banks, lenders, and credit score unions enhance their pricing methods and drive profitability,” mentioned Dawar Alimi, CEO at Lender Value. “BPS affords a singular mixture of insights and customized pricing guidelines, offering companies with the flexibility to reinforce course of, drive effectivity and optimize their pricing methods.”