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Find the Best Products and Pricing—Automatically—in Encompass360^®

Mortgage lending today isn’t easy. Shrinking margins mean you need to get as much profit as possible out of each loan. You need to make sure you have up-to-the-minute data on changes that could impact your loan. And that your staff is working as efficiently and as error-free as possible. Factor in stricter compliance regulations—harsher penalties, new and complex rules for anti-steering and loan officer compensation—and making money while staying out of trouble can become a Herculean effort.

One way to combat these challenges is to automate your processes.

Manual Equals:

• Profits lost by not including LO compensation upfront in your pricing
• Time wasted hunting through investor guidelines and rate sheets
• Loan officers spending time researching competitive offers for each loan scenario to stay compliant—and not pursuing leads
• Pricing errors from manual data entry or ‘eyeballing’ rate sheets
• Targets missed when you find out about loan scenario rate and price changes too late

Automation Equals:

• Time saved by instantly finding the best products and pricing for your loans—without even leaving Encompass360^®
• Compliance needs efficiently met with an easy way to find and present a variety of competitive offers
• Profits protected by providing originators with pricing automatically adjusted to include your company’s desired profit and appropriate LO compensation amounts
• Efficiency gained with a streamlined workflow from lead to lock
• Targets met with instant notification when desired loan scenario rates and prices are available
• Errors avoided with instant data population from the loan file to the product and pricing engine and back
• Control gained with custom business rules and settings to help manage loan officer compensation and anti-steering regulations

Could your business benefit from automation? Learn more about how Encompass Product and Pricing Service—an automated product and pricing engine right inside Encompass360—can help your company work more efficiently, mitigate risk and improve profit margins.

»Learn more about Encompass Product and Pricing Service

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Not using Encompass360^®? Contact us to learn more

Call us at 888.955.9100 to find out how Encompass360 can help with regulatory changes, rising compliance costs, and other business challenges, common or uncommon.
» Contact us now