Loan pricing software helps lenders price loans. These solutions provide intelligence on pricing information in the market and generate competitive loan prices. Loan pricing tools allow lenders to customize margins and make pricing adjustments. Loan pricing solutions, sometimes referred to as mortgage product pricing engines (PPE) or loan product pricing engines, provide access to real-time rate data and run different scenarios with different product types.
Loan pricing solutions integrate with loan origination software in order to facilitate a seamless transition from pricing to loan delivery.
To qualify for inclusion in the Loan Pricing category, a product must:
Provide market-wide pricing information on loans
Generate loan prices using real-time market data
Integrate with loan origination systems (LOS)