Product & Pricing

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Say goodbye to that worn out binder full of rate sheets. Simply enter a borrower's loan information and receive a list of eligible loan programs. Refreshing - a loan officer's memory is no longer required to memorize odd loan products available for the unique borrowers!

Individual loan officer web sites become new revenue channels for lenders.

Netupdate's product and pricing engine is integrated directly into Originator Pro, allowing loan officers to identify the best loan product available for their borrower. Lenders can now affordably market products using risk-adjusted, real-time pricing across multiple channels (wholesale, retail, correspondent, call centers) and geographies.

Features and Benefits

Distribute product and pricing as frequently as your company requires

Eliminate the worry over loan officers using outdated rate and price criteria. Loan officers always get current rates via the Internet.

Reduce Loan Officer Mistakes

Reduce the chance of promising the wrong rate or product to ineligible borrowers. Loan officers can review eligible loan programs for more in-depth loan information such as the rate and price combination options, and request a rate lock. They can also see reasons why the borrower is ineligible for certain products.

Saves time in the back end

Your underwriting and secondary market departments will save significant time when they don't have to answer questions from loan officers who haven't yet learned all of the product eligibility and pricing details on your loan programs. And, pricing the loan correctly saves time during the secondary marketing lock-in cycle.

Integrate your workflow

All of the loan and pricing information is in one place, so there are no misunderstandings. Whether your loan officers already have a loan application taken or are talking to their borrower for the first time, Originator Pro will help them navigate through pricing and requesting a rate lock. They will always have a snapshot of the data used for the latest price the accepted.