A Product Pricing Engine (PPE) is a software platform that mortgage loan origination teams use to calculate mortgage pricing options. Many pricing engines also generate loan pricing scenarios for borrowers to view their various rate options.
By using a PPE, loan officers can shave valuable time off the loan process. Additionally, PPEs allow mortgage originators to compare rates across various lenders. They also lock rates until a borrower is ready to move forward with their loan.
The #1 function of a PPE is its ability to provide accurate, real-time pricing. If you or your company regularly works with specific lenders, you can choose to view their pricing data directly within the PPE. A PPE will help you choose the most profitable lending scenarios for you and your borrowers.
Mortgage pricing engines let you take a look at how your calculated loan scenario compares to worst case scenario projections as well as historical averages.
Another important feature of a mortgage PPE is the ability to lock a borrower’s rate. Normally, rate locks are good for between 30 and 60 days. A rate lock gives a borrower a chance to shop for their home with confidence, knowing that they have a rate locked in.
Pricing Engine
Automated Rate Alert
Compliance Solutions
Mobile Pricing
Lock Loans
Rate Sheet Generator
Dedicated Support
Website Integration
Margin Management
Historical Rate Search
Mortgage Rate Quote
Broker Portal
AI BLUE helps find the best mortgage loan program step by step, with intelligent automation and simple workflow.
Simply and quick process of submitting your information.
Find a list of available loan programs that fit just right for your loan case.
One click of button will process your information and find all eligible programs.
You can search programs by running the pricing engine at your fingertip.
Select the loan program that you're interested and see all the available rates in real time.
You can review the details of each rate by selecting the best rate available.
Select the loan program and the rate that fits your need to see the details.
You can find out your monthly payments, principal and interest estimation based on your selection.
Find the best loan program and the rate possible.
Review your estimated payment schedule and payoff date.
You can download, save and print the Amortization Schedule with a click of a button.
Let’s talk about where you are and what you want to achieve. We’ll help you find a solution that’s right for your organization.