Lender Automates Rate-Sheet Generation With MPS Product

Posted by Orb Staff on April 28, 2010 No Comments
Categories : Residential Mortgage

Lender Residential Home Funding (RHF) has implemented Mortgage Pricing Systems' (MPS) LEAP! RateSheets, an automated rate-sheet production tool. According to RHF's estimates, LEAP! RateSheets has enabled the lender to reduce by 85% the resources required to prepare its daily rate sheets.

‘We were spending too much time and money, every day, creating our rate sheets,’ says Brian Pool, executive vice president of RHF. ‘We had to log in to every investor's Web site, gather the rates and prices, and transfer that information to our rate-sheet template. That's a time-consuming task with a potential for manual error that I didn't want to risk.’

LEAP! RateSheets automatically gathers rates and prices from all the required investors and updates the rate sheets instantly, MPS says.

SOURCE: Mortgage Pricing Systems

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