Search Engine lets brokers/correspondents compare lenders.November 26, 2007 -
Focused on product decision and pricing needs of Prime/Alt-A markets, LoanSifter Prime allows brokers and correspondents to compare every lender they use. It offers customized environment for originators, repricing monitor that tracks unclosed loans, and refi monitor that provides automated tracking of loans that originators have already closed. Loan originators are also provided with customized, automated emails featuring their loan products and rates.
(Archive News Story - Products mentioned in this Archive News Story may or may not be available from the manufacturer.)
Original Press release
Loansifter
600 E. Moasis Drive
Little Chute, WI, 54140
USA
LoanSifter Launches New Loan Pricing and Search Engine
LoanSifter Prime is Available Online at www.loansifter.com
LITTLE CHUTE, Wis., Nov. 7 / / - LoanSifter (www.loansifter.com) announces the launch of its new search engine, focused on the product decision and pricing needs of the Prime/Alt-A markets, and empowering brokers and correspondents to compare every lender they use. Priced at just $50 per user per month ($100 monthly minimum), LoanSifter Prime is comprised of key features:
o Customized Environment for Originators - Enables a custom-made
environment with all the loan originators' trusted wholesale and
correspondent lending partners - not a restricted list of 'pre-canned'
lenders. Loansifter has invested in the most advanced data tracking
technologies to ensure an industry-standard accuracy rate.
o Powerful Pipeline Real-time Monitoring - A loan Re-pricing and Refi
Monitor enables loan officers to increase profits and service to
customers. The Re-pricing Monitor tracks unclosed loans in the pipeline
and, much like a stock ticker, quantifies current market pricing and
updates the originator minute-by-minute as to how each loan scenario is
impacted. The Refi Monitor provides an automated tracking of loans the
originators have already closed and alerts them when ARMs reset and
market conditions warrant refinancing.
o Automated, Customized Emails to Key Contacts - Loan originators can
stay in front of their lead generators (realtors, builders, financial
planners, etc.) through customized, automated emails featuring their
loan products and rates.
According to Michael Hays, president of Scottsdale, Arizona-based Advantage Mortgage Group, "I'm looking for tools that give me a competitive edge. LoanSifter Prime provides a snapshot of all my vendors so I can see who is most competitive. All of a sudden, I'm finding lenders whose rate sheets I never looked at. It's broadening my view of partners and our customers are getting better rates."
LoanSifter Prime enables originators to accurately pre-qualify and price loan scenarios against all of their lenders' rates and pricing guidelines. They can customize searches based on branch-specific adjustments and SRPs and compare those against similar offerings - all backed by accuracy, speed and responsiveness to clientele.
About LoanSifter
LoanSifter Prime is a fast, customizable engine focusing heavily on the product decisioning and pricing needs of the Prime/Alt-A market. LoanSifter Subprime efficiently handles the heavy underwriting guidelines required in the Non-prime market. Its robust offerings position LoanSifter as the industry's most comprehensive comparison search for Prime, Alt-A, and Non-prime pricing and pre-approvals. For more information, call 920.687.1222 or visit www.loansifter.com
Source: LoanSifter
Web site: http//:www.loansifter.com
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