Markups and Margins
NAVIGATION: Show me where we can find the markup options within your system.
Client>Entity Corporate>OB User>Configure>Activity
What is Encompass?
Encompass is an LOS we are integrated with. It allows a lender to build and maintain your fundamental pipeline, all documentation that goes into the file.
What is Originator Pricing Insight?
Allows clients to compare themselves, live, with other clients are offering (Anonymous)
What are the three main API badges?
API Partner, Lender Direct API, Legacy API
Which Markup types are CHANNEL SPECIFIC?
Markup Schedule, Dynamic Markup, and Rate Price Selection Strategy
INSTANCE: BE11114326
USER: admin
PASS: obadmin
Pipeline>New Loan (document with plus sign)
Name the Data and Analytics we offer our clients.
Competitive Analytics
Market Data License/Competitive Data License
Enterprise Analytics
Originator Pricing Insight
Define what a consumer service would be.
A consumer service is a product or set of products a client can pay for in addition to their original products. Some may only be added if certain products, like PPE, are already in use.
This Markup option configures the display of the final pricing grid to the originator. It restricts what we see in a grid to build strategy around a rate option. (channel specific)
Rate Price Selection Strategy
What are 3 differences from the SDK to EPC?
- Modern Architecture
- Direct Login with multiple user options
- More secured fields that can't be changed
- Multiple Scenario Tabs
- Imbedded links
- Information Icon, Letter I
- Ordering Quotes
- Change Request Launch from LOS
- Change Request Field Comparison
Lock Extension
The Change Request lock extension functionality allows you to establish policies containing specific parameters controlling the availability, pricing, and additional options applicable to lock extension change requests for an assigned product group or groups.
_____ allows you to display representative rates on your web site and generate emails to distribution list based on search scenarios and templates you establish in OB.
Featured Rates
What is one of the NUMBER #1 Markup types within Dynamic Markup Schedule?
Round final pricing to the nearest quarter/eighth for the entire gride OR Round final pricing based on pricing grid
What is the Push Queue/Log?
Shows the log for the integration and is only available if integration is set up. Shows if there is anything in queue, if anything has failed, and the log of when the actions took place.
What is the Adjustable Rule?
predefined adjustments that will traditionally adjust pricing based on variables we are running in product search
What is the difference in our 2 types of API?
API Partner - Integration but not direct partner
Lender Direct - Build your own and use directly
What are the 6 different Margin markups?
Markup Schedule, Dynamic Markup Schedule, Rate Price Selection Strategies, Investor Markups, Branch Margins, LO Comp
Define Originator Assistant
Originator Assistant examines LTV (+/- 5%), Loan Amount, FICO (+/- 10pts), and DTI (+/- 5%), showing the effect on Rate and Price and the corresponding effect on Discount/Rebate with changes in these values.
_____ allows you to create and manager rules that are applied to one or many products and/or investors
Rules Optimizer
Optimal Blue is the leading provider of _____ _____ ____ in the nation. We have more ____ than the government, they purchase from us for their use.
Mortgage History Data, Data