Residential Home Funding Automates Daily Rate Sheet Generation Using LEAP! From Mortgage Pricing Systems

MONTVILLE, N.J., April 27 /PRNewswire/ -- Mortgage Pricing Systems (MPS), developers of sophisticated pricing solutions for mortgage lenders, and Residential Home Funding (RHF) have further extended their relationship with the introduction of LEAP! RateSheets.  By implementing the new automated rate sheet production tool, RHF slashed the resources required to prepare their daily rate sheets by 85%!

"We were spending too much time and money, every day, creating our rate sheets," says Brian Pool, Executive Vice President of RHF. "We had to log-in to every investor's web site, gather the rates and prices, and transfer that information to our rate sheet template. That's a time-consuming task with a potential for manual error that I didn't want risk."

The latest addition to the LEAP! family of products, LEAP! RateSheets was the right tool for RHF's rate sheet production issues. Embedding the LEAP! rate sheet functions into their existing rate sheet template was simple for RHF and immediately created positive results. The rates and prices were automatically gathered from all the required investors and the rate sheets were updated instantly.  Multiple pricings during the day were no longer an issue as LEAP! handled the throughput automatically.

Brian Pool adds, "The rate sheet upgrades provided by LEAP! really enhanced our productivity. What used to take us hours, now takes us a few minutes. We figure we've improved our resource utilization by more than 85%. Those are the kind of savings that make a big difference in our company's bottom line."

About MPS:

Mortgage Pricing Systems develops and maintains product eligibility and loan pricing solutions for small, medium and large mortgage banks.  LEAP! Interactive, the point-of-sale, online technology, fully integrates into existing client platforms. Other LEAP! products include their batch pricing, rate sheet, and API solutions. All MPS offerings feature the same robust, rules engine incorporating up-to-the-minute pricing, guideline, and adjustment changes, ensuring bankers and investors accurate, actionable results.

SOURCE Mortgage Pricing Systems