FOR
IMMEDIATE RELEASE
LOANSIFTER ANNOUNCES NEW BANKER EDITION
OF FLAGSHIP PRODUCT ELIGIBILITY AND PRICING ENGINE
New product helps mortgage bankers manage risk, prove fiscal
responsibility and increase profits – and includes the first-ever
automatically updating blended rate sheets
APPLETON, WI—September 15,
2009—LoanSifter, the leading provider of web-based
loan product eligibility and pricing tools, today announced the release of its
new LoanSifter Banker Edition product suite, offering banks the most complete
back-end loan solution available in the mortgage industry.
LoanSifter
Banker Edition fills a critical need for banks, credit unions and mortgage
bankers, as it is a single product eligibility and
pricing solution which truly meets the needs of both the loan officer and
secondary departments. “There’s
nothing on the market like it,” says Bruce Backer, president of LoanSifter. “Most product eligibility and pricing
solutions were designed for use by either bankers or loan officers. LoanSifter Banker was designed to meet
the needs of both. It’s a powerful,
user-friendly solution to streamline workflow and help ensure accuracy and
compliance”.
LoanSifter
Banker Edition is a highly customizable solution offering an automated rate
sheet generator, a wholesale/third party originator (TPO)/retail web portal, an
online 1003 mortgage application, and an upcoming bulk pricing tool. These features expand on the original
LoanSifter solution, consisting of the industry’s largest pricing engine
database, scenario rate alerts and monitoring, custom email rate campaigns,
open house flyers, website quoting, and lead auto-quoting.
Features of
LoanSifter Banker Edition include:
·
Rate Sheet Generator – A
powerful yet straightforward utility that allows secondary managers to automate
the distribution of accurate, clean rate sheets in their preferred format,
whether it’s Excel, PDF, or raw data format. Features include "live" drag and drop visual
editing, variable content, and the industry’s first blended rate tables which
can be automatically re-priced and sent to loan officers throughout the day.
·
Wholesale/TPO (Third Party
Originator)/Retail Web Portal – A login-based pricing interface with a
highly customizable
search form, pipeline management features, and lock desk functionality that
works within banks' existing websites, and leading LOS and back end systems. Secondary desk tools include floating
and locking support, conflict handling, stipulations and conditions, historical pricing, and gain on sale
tracking.
·
Online 1003 Mortgage Application –
A highly customizable, consumer-facing tool for client websites that takes
applications over the Internet, to be used in conjunction with LoanSifter’s
auto-populated website rate tables and website auto-pricing. The tool produces a compliant GFE using
tailored rate quotes, supervises the compliant delivery of closing documents,
and can export in the standard FNMA 3.2 format or interface with the user’s back-end
system.
“The time is
right for financial institutions to invest in today’s more advanced product eligibility
and pricing engines,” added Backer.
“In our current mortgage environment, everyone must tighten up their business
due to rapidly changing guidelines and government regulations. LoanSifter Banker Edition helps bankers
maintain compliance and accuracy, prove fiscal responsibility, minimize risk,
and increase profitability.”
About
LoanSifter
LoanSifter,
Inc. provides the banking industry's most comprehensive tools for mortgage
bankers, loan officers and secondary departments to price, market and manage
loans. The company’s flagship
product, LoanSifter, is an accurate, web-based product eligibility and pricing
solution providing banks, credit unions and brokers with advanced tools to
improve their service levels and increase profits. LoanSifter boasts the most comprehensive investor database in
the industry with over 130 correspondent and wholesale lenders. For more information about LoanSifter,
call 920.268.4770 or visit
www.LoanSifter.com.
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