ARTPrice™ allows lenders to meet customer needs with a price automatically tailored to the borrower, Broker, and Loan Officer, while also ensuring compliance with the company’s pricing policies and bottom-line financial goals.  It also allows lenders to increase revenue, with faster processing through accurate and quick pricing at the point of sale.  Finally, ARTPrice™ improves the quality of pricing decisions by integrating the best practices and knowledge of your top employees.  Every customer gets your best offer.  ARTPrice™ provides various ways of modeling institution policy for determining price, including table-based pricing, associating credit grades to prices within a product line, and full-rule-based implementations of pricing.  This risk-based pricing ability decreases risk and can provide for better management of loan portfolios for later securitization.

Benefits of ARTPrice™

• Prices the final product by applying adjustments, based not only on the loan details but also the company and seller structure, such as channel, all the way down to individual Broker or Loan Officer.
• Calculates not just the rate/price but also additional components such as pre-payment penalties, OMSR, APR etc.
• Enables seller-specific pricing.
• Can be used on stated as well as documented information.