PRMS Updates Production Risk Management Tool

Posted by Orb Staff on July 28, 2010 No Comments
Categories : FYI

Precision Risk Management Systems Inc. (PRMS), a provider of technology and managed hedging services to the mortgage industry, has released its PRMS Risk System version 5.0. The new release leverages the Microsoft .NET Framework and introduces new functionality to provide enhanced pipeline risk management and enterprise production analytics for mortgage bankers, PRMS says.

‘Version 5 provides a new level of risk management information in a format that graphically illuminates position, risk and problem areas that need to be addressed immediately, while also providing key analytics for all sales channels,’ says Dave Demster, director of business development for the firm. ‘Production sales management will now be able to review every loan source by profitability, pull through, adverse selection and other critical metrics that are difficult to derive from [a loan origination system].’Â

The latest release also includes process automation and an expanded reporting menu, PRMS says. The system is offered as either a stand-alone software solution or as a managed service through Precision Hedge Services.

SOURCE: Precision Risk Management Systems

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