From manufactured housing to portfolio products. Written for the chief credit officer: one credit policy across the asset classes you lend against, including the ones a core consumer AUS does not cover. You keep the loan, and the customer, for the life of the loan.
Agency loans
Agency underwriting
Agency underwriting is the standard for what the agencies will buy. We do not compete with it.
Your core book
Core banking system
Banks and credit unions already add products that are unique to them. The gap is decisioning and pricing programs that should not wait on a core release.
Specialty and portfolio
AUS
Your entire portfolio, all of your lending programs, and every overlay your own committee approved.
From a credit union using pricingengine
“LoanPASS has helped a lot in achieving our long-term goals of improving efficiency and member experience.”
General Manager of Manufactured Housing Lending, Credit Human
Pricing, decisioning, and member retention. Separate jobs.
AUS underwrites non-agency, portfolio, and specialty loans against the policy you wrote. PricingEngine eligibility is a separate decision, including which rates qualify.
Automated underwriting
AUS
Approve, review, or rejected against the guidelines you wrote, with each condition traced to the rule behind it.
Product and pricing
PricingEngine
Price, compare, and lock your products. Eligibility is the pricing decision, including which rates qualify. It is not an AUS finding.
Member retention
BulkPricer
Run the book, find the member or customer whose rate is above today’s market, and refinance them in place. Credit unions call it member retention. Banks call it customer retention.
Agency systems stop. Your book does not.
Agency underwriting covers what the agencies will buy. Your core banking system already runs products that are unique to you. Programs that should not wait on a core release still go to a desk. You keep those loans, and the customer, for the life of the loan.
The agency box
Agency underwriting stops at the agency box
Agency underwriting is the standard for the loans the agencies will buy. It is not built to answer for a credit box you wrote yourself.
Your core
Your core banking system
A specialty program means a new field, a new rule, and a release cycle. The opportunity moves before the change does.
What is left
The rest of the book
Portfolio products, consumer books, and niche programs such as agricultural, RV, boat, and airplane lending still need a credit box you control. If the program is not named here, bring the guideline.
Conventional loans, and the insurance on the same file.
These lenders are the end investor. Conventional is where mortgage insurance applies, and the quote should come from the same file as the decision.
Conventional
Loans you keep
Conventional is the book most banks and credit unions already run. PMIPricer compares every major carrier from the file already on the loan.
The relationship
For the life of the loan
You price and decision the loan because you want the member, or the customer, to stay. You do not need to sell it to an investor to make the product work.
Mortgage insurance
Every major carrier
Most PMIPricer customers are banks and credit unions. Sort by best execution, or by the risk allocation you already use. The MI quote is separate from the underwriting decision.
The Solution
Price, underwrite, quote, value portfolios and compare MI using the same configurable LoanPASS rules engine, whether you use LoanPASS directly or integrate through our API.
Price instantly with sub-second responses. Reduce cost with no-code configuration, simple integrations and transparent pricing.
Explore PricingEngine
Give brokers and borrowers instant approvals and trusted rates using your live LoanPASS rules, on your website or broker portal.
Explore QuickPricer
Price an entire portfolio in one pass. Value thousands of loans against your own live pricing and eligibility rules, with FICO 10T ready for the score transition.
Explore BulkPricer
Get instant quotes from all six MI providers across all five standard products. Sort by best execution or by your own risk allocation strategy.
Explore PMIPricer
Some of the questions our clients asked before partnering with us.
Can a credit union run an AUS that is not agency underwriting?
Yes. Agency underwriting covers agency-eligible loans against guidelines you cannot change. LoanPASS is an automated underwriting system and credit decision engine for the programs outside that box, evaluated against the credit policy your own committee approved.
Will an examiner be able to trace the decision?
Yes. Every finding points back to the rule that produced it, and to the guideline line behind that rule. Decisions and rule changes are logged, and rule versions can be exported, so an examiner can reconstruct the answer.
Does this replace our core system?
No. AUS decides. Your core, LOS, and point-of-sale send the file and receive the determination. Document tools read and verify the paperwork; they do not make the credit decision.
Is this useful for portfolio lending?
That is the main case. Portfolio lending means the credit box belongs to you rather than to an investor, so no agency system will underwrite it. Encode the box as rules and the same engine decisions every held-for-investment product on your shelf.
Can community banks run specialty programs their core cannot touch?
Yes. Community bank lending often includes programs the agency box and the core cannot cover. Agency underwriting stops at what the agencies will buy. Your core banking system can already hold products that are unique to you. AUS decisions the programs in between against the credit policy your own committee approved.
How do member and bank-specific overlays work?
Those are the membership and institution-specific criteria that sit on top of a program. You write them as rules and assign different rule sets by product, channel, or user role, without a vendor ticket. If you can write the guideline, the engine can decide it.
Where does mortgage insurance fit?
On conventional loans. PMIPricer compares every major carrier from the file already on the loan. Most PMIPricer customers today are banks and credit unions.
How can LoanPASS help us during a fair lending audit?
LoanPASS does not have personal information when the decision is made. The result comes from the loan facts and the published rules, so an examiner can see which rule produced the answer.
Do pricing and the credit decision use the same rules?
No. PricingEngine eligibility is its own decision, including which rates qualify. AUS underwrites non-agency, portfolio, and specialty loans. PMIPricer compares mortgage insurance when a loan uses it, as a separate quote.
Bring the program your core cannot run.
Bring a guideline set to the demo. We will show you how it runs as rules.
Schedule a Demo