Today, many lenders have to deal with multiple pricing engines for managing and distributing pricing across all channels. Because of different technologies used in different channels, prior business mergers, or a limited scope of existing systems, the challenges can be daunting. Buy-backs from inaccurate pricing, delays in rolling out new loan programs, increased hedging costs, and compliance questions are just a few of the issues facing lenders. To address these significant issues, PriceMaster allows lenders to create a centrally managed catalog of programs and pricing, then delivers up-to-the-minute pricing changes to every channel. The only commercially available pricing engine with multi-language capabilities, PriceMaster eliminates the need to manage pricing across multiple systems, thereby increasing the efficiency of loan product management, and enabling faster time-to-market for new loan programs.

Single Source for Pricing, Enterprise Wide

As a networked solution, PriceMaster allows lenders to create a centrally managed, enterprise-wide catalog of programs and pricing—and then distribute that information across all channels. This eliminates the need to manage pricing changes across multiple systems. Because of its inherent mortgage industry specialization and superior usability, PriceMaster dramatically increases the efficiency of loan product management, providing faster time-to-market for new loan programs and delivering up to the minute mid-day pricing changes to every channel.

Built for the Way the Industry Works

PriceMaster was designed from the ground up to address the specific needs of the mortgage industry. A rich Internet application interface enables administrators to rapidly create complex selection rules, price adjustments, lock policies, and stipulations that can be associated with multiple loan products.

Reduce Costs and Complexity

Multiple systems mean multiplied costs. The more systems in place, the more IT staff required. And when changes must be made to loan programs and pricing across multiple systems, lenders can endure delays, data entry errors, and expensive, time-consuming system implementations.

Enter PriceMaster, which integrates easily with existing POS and LOS systems and gets up and running in as little as three months. Dorado can tackle the technology issues, allowing businesses to focus on what they do best. PriceMaster manages products in a catalog format, including information such as product attributes, policies, stipulations, associated documents, and hyperlinks to more information. PriceMaster enables rapid, seamless integration with new or existing applications.

Once implemented, PriceMaster improves efficiency and reduces cost by ensuring that every locked loan meets investor guidelines. The result is fewer costly pair-offs and buy-backs.

Enforce and Monitor Compliance Policies

PriceMaster ensures accurate eligibility and pricing are fairly presented for every loan, so lenders can protect themselves from the risk of inadvertent predatory or discriminatory lending. What’s more, lenders can track changes made to every aspect of the program and pricing. They also have access to historic product, eligibility, and pricing information, making it easier to audit past decisions.

Complete Control Over Pricing

PriceMaster gives lenders control over every aspect of pricing. All rates, adjustments, and subsidies can be centrally managed by secondary marketing without the need for IT involvement. Before anything is promoted and put into production, lenders know they are delivering quality data.

One Application, Many Features

With PriceMaster, features such as program eligibility, pricing, and rate sheet generation are offered together, all in one. Lenders no longer have to rely on multiple pricing applications. That said, lenders select only the features they use today, knowing they have the option to add features on-demand down the road.

Product Features

Create and Apply Rules

• Define eligibility, price adjustment, and stipulation rules with an intuitive user interface
• Drag and drop pre-built conditions to simplify rule creation
• Manage complex eligibility or pricing logic (no limit to the number of nested levels)
• View multiple languages on-screen simultaneously

Administer Pricing

• View adjustment value based on price or points
• Apply base rates and adjustments to programs or groups of programs
• Vary pricing across channels, regions, or partner tiers
• Manage subsidies, servicing values, and service release premiums
• Set up lock, re-lock, and re-price policies
• Set up and manage pricing spreads

Manage the Product Lifecycle

• Make programs available by channel/organization
• Test program setup with borrower, loan, and property data
• Save test data for easy reuse
• Immediately review usage and impact when making changes
• Provides alternate language support, which facilitates localization of product data
• Allows a corporate translator to enter and update translations of certain loan program data
• Configurable to support any number of alternate languages

General Administration

• Navigate easily within an intuitive, hierarchical organizational structure and menus
• Import organizational hierarchies from other applications
• Easily load daily base rates from spreadsheet files or create your own rate sheets
• Manage user authentication and permissions