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Montville NJ, February 17, 2010 — Mortgage Pricing Systems (MPS), developers of sophisticated pricing solutions for mortgage lenders, announced the release of a new feature that generates custom rate sheets. Customers using LEAP! Interactive, the flagship point-of-sale product for MPS now have the option to extract either raw investor pricing or fully adjusted, scenario-based pricing for inclusion in their own customized rate sheets.

“Mortgage Banks still create and distribute daily rate sheets for numerous reasons,” says Tom Lyons, Director of Relationship Management at Mortgage Pricing Systems. “We worked with our clients to identify their true needs and developed tools designed to do the heavy lifting. First, for those that create the familiar multiple-product rate sheet, LEAP! will automatically download rate/price tables for all selected investor programs. The tables then populate a custom rate sheet and the data is retrieved automatically. Alternatively, clients can produce single-rate advertisements, based on a specific scenario like a 30 year fixed, conventional, owner-occupied property at a target price of 101.”

Mark Pupke, President of Euro International Mortgage needed to distribute rate sheets to prospective branch managers. “I love LEAP! and the convenience it gives me when I’m pricing loans, but I needed to show branch managers a rate sheet so they could get a quick overview of my pricing.” Pupke adds, “The speed, accuracy and convenience of the on-line solution LEAP! is essential. The rate sheets add a level of confidence and comfort that originators have come to expect. The two work hand-in-hand to form our complete offering and that’s important to attract prospective branches to a new bank.”

John Coppa, Managing Partner of Mortgage Pricing Systems agrees. “Just handing out a morning rate sheet isn’t enough. Investors change pricing all day long, as many times as they need. Our clients redistribute rate sheets at any time, ensuring that their originators have the most up-to-date pricing in hand. Just open up the sheet and pricing is updated…live!”

About MPS
Mortgage Pricing Systems develops and maintains product eligibility and loan pricing solutions for small, medium and large mortgage banks. LEAP! encompasses a suite of products which includes LEAP! Interactive, the point-of-sale, online technology that fully integrates into existing client platforms. In addition, other LEAP! products include their batch pricing 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 and profitable results.

Press Contact:
Tom Lyons
tlyons@mtgpricing.com
(973) 917-3050