Control over pricing, defining seller specific pricing and enabling seller access to loan programs, guidelines and pricing are key requirement for Investors.
The LLPower™ Pricing and Eligibility Engine enables definable policies and procedures:
The LLPower™ Engine also provides Seller access to loan programs, guidelines and pricing by entering a loan scenario or uploading a data file. Pricing results display "Best Options," but also provide full details related to Best Efforts pricing, Mandatory and Direct Trade Commitments.
Once a rate/price is selected, that loan scenario can either be registered or locked. The Compare locks feature is available in a re-lock or a change request action. The compare lock screen displays a side by side comparison of the current lock and the proposed lock details. The user then can choose to continue or cancel.
If the loan scenario is locked, a rate lock notice is generated to the investor and the rate lock data can also be submitted to a hedging system.
Within the pipeline, the seller can also manage future actions for registered and locked loans, such as locking or relocking, submitting a change request, requesting a lock extension or cancelling the registration/lock.