LoanBook: Automated Loan Pricing Analysis Software

An industry first.
A powerful, automated pricing analysis solution that optimizes revenue on every loan being sold to investors.

We’ve taken the loan pricing engine to another level. LoanBook, our cutting edge, best-execution technology, gives you the most powerful and efficient tools available on the market today.

Built for the secondary manager, LoanBook is a professional-level loan pricing workstation that continually monitors loans in process and “marks-to-market” each scenario to current market prices. LoanBook's advanced auto-execution and price improvement notification empowers you to act immediately to maximize your yield. An automated alert system allows you to set price and revenue targets and notifies you when your set objectives have been met.

LoanBook combines exceptional performance with unrivalled ease of use to become a powerful and indispensable tool to the secondary manager. Price your loans using LoanBook and you will be using the most powerful automated best-execution pricing application in the mortgage industry.

With LoanBook, lenders can:
•   Maximize revenue on every transaction
•   Save time manually pricing many loans
•   Save money on staffing
•   Adapt to market conditions in real-time
•   Visualize pricing opportunities at a glance

An indispensable tool for the secondary manager, LoanBook gives your secondary pricing desk the edge it needs while making you more efficient and profitable.

Click on the features below to learn about LoanBook's comprehensive capabilities:

BestX Pricing
Re-evaluate loans in your pipeline to maximize yields before locking.

Auto Execution
Set multiple specific pricing times during the day and LoanBook will automatically check whether or not it's the optimal time to lock a loan, saving you the time and expense of manually pricing loans.

Alert Notification
The alert notification system can be set to crate price, revenue and time objectives for either a whole portfolio or individual loans. Set your parameters and LoanBook will automatically notify you when your unique criteria are triggered.

Dynamic Charting
LoanBook's advanced charting technology gives you an at-a-glance visual picture of an entire portfolio or a specific loan’s current details on price, gains or losses. Information is saved daily for trend analysis.

Artificial Intel
The Hot List allows you to zero in quickly on the loans that have met or are exceeding your alert settings.

Managing loans across different portfolios can make remembering to change certain loan attributes difficult. With LoanBook's recommended adjustments, the system will automatically recommend lock day adjustments for your loans which would help you get better pricing as well as recommend based on discrepancies based on set time objectives. All recommendations are available on your dashboard.

Statistics
Detailed statistical information that includes weighted averages and gain / loss totals are shown for each portfolio of loans.

Dashboard
A quick summary view provides all of the pertinent details for each portfolio, including a charted view of the current standing for each loan in the portfolio.

Market Info
The Mortgage Market Update provides market information on the national averages for a wide range of the most common loan products. With just one mouse click LoanBook displays updated rate and guideline information for all loans in your portfolio.

Eligibility
Each loan is analyzed against numerous investor programs. LoanBook's findings on each loan's eligibility or ineligibility are clearly displayed for quick and easy evaluation.

Adjusters
Every available program and price for the loans in your portfolio can display the loan price and rate adjustments which created the final net adjusted price used in the BestX comparison.

Loan Level Mgt
Users can manage loans one at a time or in a group. Moving loans is easy and users can specify which investors to include when pricing for the pool, select delivery type and lock day options, and delete or create new portfolios.

Administration
All portfolio and loan preferences, including features like email alerts and number of days to or from closing, can be set from one easy screen.

Secondary Tool

A good secondary manager oversees the flow of lock requests coming in from loan officers and makes sure that the commitments are filed with the appropriate lenders based on those requests.

A great secondary manager evaluates pending locks, and based on knowledge of the market, makes the types of decisions to maximize the company yields.

LoanBook helps good secondary managers become great secondary managers by empowering them with the ability to constantly reprice loans in the pipeline. The system searches for pricing improvements to the day of closing – notifying the secondary manager whenever appropriate.

LoanBook helps to elevate performance levels to optimal management of the secondary process. By providing secondary managers with automated alerts when set goals are achieved, and the ability to lock in a true best result for the company, LoanBook is the indispensable tool for increasing revenue and management performance levels.

Mini Bulk Management

With LoanBook, mini bulks of loans from 5 to 500 can be easily and optimally managed by one individual. Portfolios of loans are set with aggregate and loan level alerts that send out email notifications when thresholds are achieved, and the loans are automatically re-priced throughout the day to insure that a true best-execution result is reached. Once loans have reached a set milestone, they can be easily removed from the portfolio to allow easy management of the remainder of the mini bulk.