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PriceMyLoan announces Mobile Quick Pricer for smart-phones.

PriceMyLoan, Costa Mesa, California, has released Mobile Quick Pricer, an extension of its automated underwriting and loan pricing engine designed to work on Internet-enabled smart-phones.

"Loan officers are always on the go," said Gigi Campbell, director of national sales at PriceMyLoan. "The Mobile Quick Pricer gives them the ability to qualify borrowers and check current pricing wherever they are, right in the palm of their hands."

Building on the success of PriceMyLoan's recently released Quick Pricer, the Mobile Quick Pricer allows originators to enter loan scenarios and obtain loan qualification and current pricing directly from their smart-phone. The Mobile Quick Pricer operates entirely within a smart-phone's Web browser and can be used on virtually any smart-phone with Internet access. It does not require any program or application to be installed on the device.

"We've been building Web-based systems since 1999, so it was a natural fit for us to provide the Mobile Quick Pricer as a browser-based tool," said Binh Dang, president of PriceMyLoan.

The popularity and widespread use of smart-phones is creating new ways for mortgage professionals to provide services to their clients. "The proliferation of smart-phones such as the iPhone, BlackBerries[R] and other devices, in conjunction with faster Internet connection speeds, presented an ideal opportunity for us to pursue a mobile strategy," said Dang. "The introduction of the Mobile Quick Pricer is an evolution of the PriceMyLoan product."

Providing originators with a portable product and pricing tool makes perfect sense, given the current mortgage environment. Low mortgage rates have sparked a refinancing boom and consumer interest in mortgages is high. "A loan officer could be out at lunch, standing in line at the grocery store, or watching their kid's soccer game," said Campbell. "The Mobile Quick Pricer helps loan officers generate more loan volume by letting them take advantage of those random opportunities."

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Title Annotation:TechNewz
Comment:PriceMyLoan announces Mobile Quick Pricer for smart-phones.(TechNewz)
Publication:Mortgage Banking
Geographic Code:1U9CA
Date:Jul 1, 2009
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