Mortgage calculation

Lenders shopping for a new enterprise lending system that is capable of handling any type of mortgage loan – from the point of sale through to the secondary market – are torn between choosing a system based on new services-oriented architectures (SOA) that combines best-of-breed, third-party functionalities into a single platform and systems that come complete with a full suite of lending functionality already built in.

All-inclusive or best-of-breed, that’s the way the battle lines have been drawn when it comes to investing in new loan origination technology.
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What is your rate today?” prospective borrowers ask when they call up a mortgage lender shopping for rates. Well, there isn’t just one rate. There is a choice of rates and the rates are very similar from one lender to the next - perhaps identical.

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