Nomis Solutions has introduced product enhancements to its mortgage technology solution. These additions further improve the market intelligence and actionable pricing capabilities available to its mortgage lending clients, according to a company release.
The enhancement is the intuitive Margin Setter dashboard. The dashboard uses more than 35 million data pricing points collected daily by Nomis and assists mortgage lenders in maintaining the most strategic market position month-over-month and provides users with a visual reference of where and how to adjust margins for their conforming loan products based on their unique performance and benchmarking goals.
These actionable recommendations can be easily applied as loan amount and state margin adjustments within the margin management tools of a user’s product and pricing engine to ensure they maintain their desired position across all markets, the company stated.
“Our goal is to provide mortgage lenders with actionable and value-backed insights from day one of their integration with us so that they can make smarter, more profitable pricing decisions,” Prashant Balepur, Nomis Solutions senior vice president of product, said in a release. “With the addition of Margin Setter and the adjustments to our data refresh frequency, our users can now extract even more rate and pricing intelligence, enabling them to further refine their pricing strategies based on local market conditions to achieve their optimal market position goals.”
Nomis also stated the updated data frequency and enhanced coverage will further expand users’ view into the granular pricing intel needed to compete more effectively in local markets. The brand-new functionality also helps users better maintain a strategic and competitive market position, despite a frequently shifting landscape.