As liquidity challenges, shifting investor appetites and evolving pricing strategies continue to dominate mortgage capital markets, efficiency in loan pricing and execution has never been more critical.
With this in mind, Vice Capital Markets has become the first mortgage hedge advisory firm to integrate Fannie Mae’s new Loan Pricing API into its trading portal.
This API simplifies the loan pricing and commitment process by consolidating multiple pricing APIs into one, giving lenders instant access to Fannie Mae’s base pricing, service release premiums, national loan-level pricing adjustments (LLPAs), and internal pricing adjustments in a single request.
As per a company press release, the new Loan Pricing API delivers a comprehensive set of pricing options directly from Fannie Mae for loans. Additionally, users can leverage the API to access best execution information seamlessly.
“This API is a game-changer for lenders looking to optimize their secondary execution,” says Shawn Ansley, chief information officer at Vice Capital, in the release. “Previously, lenders needed to combine several APIs and rely on in-house calculations to obtain accurate pricing for loan commitments. Now, with this API, all necessary information is available at lenders’ fingertips with a single request. Our team has been rigorously testing and providing feedback to Fannie Mae throughout the development of this API, and we’re excited to begin deploying it for our clients’ benefit.”
“The Loan Pricing API is Fannie Mae’s latest enhancement intended to offer lenders and technology service providers access to comprehensive pricing information,” adds Kunal Vakil, single-family capital markets products – vice president, at Fannie Mae. “By streamlining the process of obtaining comprehensive loan data, the API will help facilitate a more informed best execution analysis.”
Photo: Bikram Sharma