Mortgage Pricing Systems (MPS), a developer of product eligibility and pricing solutions, has released a new feature that generates custom rate sheets. Customers using LEAP! Interactive, MPS' flagship point-of-sale product, now have the option to extract either raw investor pricing or fully adjusted, scenario-based pricing for inclusion in their own customized rate sheets.
‘Mortgage Banks still create and distribute daily rate sheets for numerous reasons,’ says Tom Lyons, MPS' director of relationship management.
For bankers that create a multiple-product rate sheet, LEAP! automatically downloads rate/price tables for all selected investor programs, Lyons says. The tables then populate a custom rate sheet, and the data is retrieved automatically. Alternatively, clients can produce single-rate advertisements, based on a specific scenario, he adds.
SOURCE: Mortgage Pricing Systems