Instant Borrower Access to Your Products and Pricing
As a result of the Borrower Portal sharing the architecture of the Loan Origination System, supplying your borrowers with instant product and pricing eligibility around the clock is not only possible, it's instantly actionable. Imagine providing your prospective borrowers with an instant rate quote based on your products and pricing and then instantly enabling them to proceed with the loan application and lock the rate. You don't need to imagine any longer.
Create a unique product and pricing offering for your online origination effort or create a privately branded POS for each of your loan originators. The Borrower Portal enables Loan Originators to focus on originating more loans while providing Loan Processors and Borrowers with collective, streamlined tasks.
Once a set of deal data questions used to determine core eligibility have been answered by the borrower, the Decision Engine will return all of the products for which the borrower may be eligible. Users have the ability to increase or decrease the interest rate using a slider which directly impacts pricing. The higher the borrower increases the rate, the higher the Lender Credit adjusts. Conversely, the lower the rate, potentially the higher the Discount Fee charged to the borrower at closing. So much information at your borrower's fingertips is not only empowering to the borrower but also enables your Loan Originators to focus on driving more production to their personalized instance of the Borrower Portal. Everyone wins.