NYLX, a provider of point-of-sale product eligibility and pricing technology systems, says it has significantly enhanced LoanDecisions, its all-in-one product eligibility and pricing engine.
The enhancements, which include real-time investor change notifications, re-pricing auto alerts for specific loans currently in the pipeline, and a new lock status report feature, are intended to enable companies to achieve higher profitability. They also offer the assurance of 99.99995% accuracy in accessing up-to-the-minute rate and guideline changes, along with higher visibility into lock status for managing the pricing of locked loans, NYLX says.
NYLX's Investor Intra-Day Re-Pricing Notification System alerts NYLX users via e-mail of loan re-pricing, just minutes after it is announced from the investor, and it also displays a visual warning in the LoanDecisions system, the company explains. A second e-mail alert is also sent to the customer confirming the most recent rates are available in the system.
NYLX has also added a lock status information page within LoanDecisions that better facilitates the flow of information between loan officers and the secondary department. This printer-friendly page enables loan officers to check and monitor status of locked loans, stay apprised of any changes to the locked program and even gather notes from the secondary department.