CompassPPE™ Delivers MI Integration and Support for Non-QM Products in an Originator Focused Release
IRVINE, Calif., Feb. 21, 2019 /PRNewswire/ -- Compass Analytics announced today a series of integrations and enhancements as part of the first release in 2019 of CompassPPE™, the firm's product, pricing and eligibility engine. This update provides more real-time pricing options for loan originators and expands integrations and product capabilities for lenders and investor partners.
The mortgage industry today is focused on developing technology that serves accurate information, faster. In response to this critical need, Compass Analytics has enhanced CompassPPE™ with the ability to obtain and provide real-time MI quotes from three additional MI providers, bringing the total number working through CompassPPE™ to 5 of the 6 industry insurers. Users can now quickly and accurately obtain product, pricing, and MI quotes, all displayed in a side-by-side comparison, including Borrower-Paid Single Premium, Borrower-Paid Monthly Premium, and Lender-Paid Mortgage Insurance products.
CompassPPE™ also continues to expand support for Non-QM and HELOC products with new data fields and enhanced documentation types. "We work with clients to get feedback and ideas for future enhancements, which is why we focused on non-QM products for our clients and investor partners in this release," said Nancy Pollard, Managing Director of Pricing Technologies.
Compass emphasized their commitment to creating an exceptional user experiences for originators, citing a new ability to save "QuickPrice" scenarios to support loan officers as they monitor market movement for prospects. These scenarios can be refreshed on demand, allowing originators to see updated product and pricing options for their prospective borrowers. "Compass is at the forefront of the industry in helping lenders to make the most efficient and cost-effective decisions for their firm, while delivering the most suitable and competitive products for their borrowers," adds Pollard.
About Compass Analytics
Compass Analytics is an innovator in the FinTech industry and a leading provider of pricing technology to lenders. Compass develops cutting-edge mortgage analytics, and offers advisory and active risk management services to mortgage bankers, traders, investors, and banks. Compass's platform is revolutionizing the way home loans are formed and sold through the use of innovative real-time technology supported with services, expertise and guidance.
Public Relations Contact:
Austin Yu
Marketing Manager
Compass Analytics
415-992-9098
SOURCE Compass Analytics
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