LoanScorecard Launches Product and Pricing Engine

Automated underwriting and compliance services provider LoanScorecard has released a new product and pricing engine for portfolio lenders and originators.

The new product and pricing engine, called Pricer 1, is accessible via web browser and mobile application. The engine also operates within Calyx Point and PathSoftware.

Pricer1 allows originators to access rates through a dashboard that they can personalize. The product also allows users to save preconfigured scenarios and borrower contact information.

Additionally, portfolio lenders can distribute their rates and fees to referral partners, third-party originators and builders through a custom-branded website and mobile app with Pricer1.

"Pricer1 enables originators to stay hi-tech and hi-touch — providing millennials with live rates in seconds, but presented in a way that supports a lender’s brand," LoanScorecard Executive Director Ben Wu said in a news release.

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