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Pricing Engines Enhanced, New Directory

As a pricing engine based in Wisconsin aligned itself with an Arizona-based service provider, members of a California trade group are getting free access to a pricing engine for wholesale lenders in that state. Meantime, a new directory includes more than 15 pricing engines and product search engines.

The loan pricing engine directory was launched today by MortgageDaily.com. Listings of pricing and product search engines total 17, though one Web site, www.lenderlab.com, was not working at the time this story was published.

In addition to the product name and company name, the new directory includes links to the companies’ Web sites and to news about the companies.

In other recent pricing news, a new eOriginations point-of-sale platform from LoanSifter combines real-time pricing technology with an online mortgage application that is customizable and manageable, a March 9 news release said.

LoanSifter says its automated pricing engine features products and guidelines from more than 135 correspondent and wholesale investors.

An announcement last week indicated Appleton, Wis.-based LoanSifter partnered with LeadPress to enable clients of Phoenix-based LeadPress to provide automated interest rate tables online for prospective borrowers. The combined offering will reportedly help convert more Web site visitors into mortgage leads.

ReadyPrice announced last month that members of the California Association of Mortgage Professionals can access its marketplace and decision engine platform for free. The deal reportedly saves members $720. CAMB President-Elect Dale Di Gennaro was quoted in the statement as saying he is already a ReadyPrice customer.

Custom rate sheets can be generated for prospective borrowers as a result of a new feature on LEAP! Interactive, a March 10 statement from Mortgage Pricing Systems said. Tables are automatically downloaded from available investor programs including those of Citigroup Inc., Bank of America Corp. and Wells Fargo & Co.

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