Wholesale and correspondent loans, decided and priced
on each investor’s rules.
A broker or correspondent brings you the loan. You underwrite it, price it, and fund or buy it. CreditDecisionEngine holds every investor’s guidelines as rules, so each file is decided and priced against the box it will actually sell into.
Every investor has a different credit box. A desk cannot hold them all.
A wholesale or correspondent shop sells into many investors, and each one adds its own overlays to the base guideline. No desk keeps every box straight from memory, so files get quoted against a generic box or last week’s rate sheet and kicked when the buyer’s overlay catches them.
Correspondent lending
Investor overlays
Write each investor’s guidelines as rules once. Every correspondent file is checked against the investor that will buy it.
The lock desk
Stale sheets
A rate sheet is out of date the day it is printed. Rules update once and every quote after that is current.
One rule set
Kicked files
Price and decision come from the same rules, so a quoted file has already passed that investor’s overlays.
One request returns the decision and the price.
CreditDecisionEngine
Decision
Approve, refer, or decline against that investor’s overlays, with findings and conditions.
PricingEngine
Price
Rate, points, and adjustments from the same overlays.
Rule sets
Same engine
Non-agency and portfolio stay on CreditDecisionEngine. Assign different underwriting rule sets by product, channel, or investor.
Brokers quote from the same rules that underwrite the loan.
QuickPricer puts scenario pricing on your wholesale site or broker portal. A broker’s scenario runs against the same investor overlays your underwriter applies to the full file.
Public
Your website
A public quick pricer on your site.
Brokers
Broker portal
Brokers price inside your portal instead of emailing for a sheet.
Correspondents
Correspondent portal
Correspondents see the overlays for the loans they sell you.
What lenders ask first.
What is TPO lending?
TPO lending is loans originated by a third party: a broker or a correspondent. You are the wholesale or correspondent lender. Brokers submit files you underwrite and fund. Correspondents close in their own name and sell you the closed loan. You decision and price both against each investor’s overlays.
Can one engine hold multiple investor overlays?
Yes. You can assign different underwriting rule sets by product, channel, investor, or even user role. One CreditDecisionEngine, many boxes.
Does LoanPASS replace our LOS?
No. Your LOS keeps the file. CreditDecisionEngine returns the decision and PricingEngine returns the price, and the API puts both where your team already works.
Who updates the rules when an investor changes a guideline?
Your team. You edit the rule and publish it, and every quote and decision after that reads the change. There is no vendor ticket and no waiting on a release cycle.
Can a TPO lender run non-agency and portfolio programs on the same engine as investor overlays?
Yes. Non-agency and portfolio programs run on CreditDecisionEngine alongside the investor boxes. Assign a different rule set by product, channel, or investor, and the desk stops deciding in one system and pricing in another.
Why do correspondent files get kicked after the quote?
Usually because the quote was run against a generic box or a stale rate sheet, and the buyer’s overlay caught the file later. When decision and price come from the investor’s own rules, the quoted file has already passed that investor’s overlays. Fewer kicks, less rework.
What is an investor overlay?
An overlay is a rule an investor adds on top of a base guideline: a tighter credit floor, a lower LTV cap, an extra reserve month. Every investor adds different ones, so a file that passes one box can fail the next. Writing each investor’s overlays as rules is how CreditDecisionEngine checks the file against the right box.
What is the difference between wholesale and correspondent lending?
In wholesale, a broker brings you the borrower and you underwrite, fund, and close the loan. In correspondent, the correspondent closes in its own name and you buy the closed loan. Both are TPO channels, and both need the file checked against the investor who will end up holding it.
How do brokers get a quote that matches the underwriting decision?
Put QuickPricer on the wholesale site or broker portal. Every scenario reads the same live investor overlays CreditDecisionEngine uses to decide the file.
Bring one investor’s overlays
We will load them as rules, run a file, and show you the quote a broker would see.
Schedule a Demo