Rockville, Md.-based Monarch Mortgage has installed Lender Online and RateSheet Generator from Dallas-based Sollen Technologies.
Lender Online allows a loan originator to quickly match a borrower's eligibility for products based on individual needs and provide real-time fully adjusted pricing, Sollen Technologies says. Monarch is using Lender Online's private-label option to mask the programs, which has allowed brokers to log in and retrieve answers – reducing questions for Monarch's staff.
RateSheet Generator automatically creates rate sheets using best execution for each product, rate and lock period. Profit margins can be customized before a rate sheet is generated.