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Sollen Technologies is revolutionizing the way the mortgage industry
operates. Sollen has solved the complex mystery of product development,
pricing and distribution. Our Product Development and Pricing Engine,
using Massively Parallel Decisioning™, is the core technology
that enables real-time delivery of products and pricing to the marketplace.
A comprehensive set of tools allows complete automation for loan
searching, product validation, loan level pricing and locking on
the web or in a desktop application. Working seamlessly with existing
technologies, Sollen has created the kind of time saving utilities
that not only generate new business, but also reduce the cost of
traditional revenue streams. Real-time, risk-based pricing is now
an affordable reality.
Sollen Suite is all of Sollens' automation tools rolled up into
one suite. Pricing Automation is Sollen Technologies' comprehensive
package of technology that enables a lender to fully automate the
process of managing and communicating its loan product portfolio
and pricing models. This innovative business tool passes product
and pricing information from Capital Markets to the Point of Sale,
and back, allowing complete two-way communication between secondary
marketing and loan originators.
The Pricing Automation model enables lenders to automatically aggregate
their investors' pricing and access this best-execution web application.
The resulting rates are then fed into our Auto RateSheet Generator
to build a fully customized rate sheet. The rate sheets can then
be distributed electronically via e-mail to all broker or correspondent
customers at a fraction of the cost of faxing.
By interfacing with Sollen's premier product and pricing engine,
the lender is able to present its products and rates (fully adjusted
to the specific loan parameters) in a "best fit" application
to the loan officer. The loan officer has the capability of selecting
the product and locking the loan online. The lock is then sent back
through the lender to the investor, enabling the lender to present
its entire portfolio of products with the most profitable pricing
available to the broker/loan officer, and receive a locked loan
with minimal human interaction.
BestEx stands for Automated Best Execution for Loan Delivery. You
have a loan in hand, where do you sell it? Who has the best price?
Let Sollen’s BestEx help you to decide. Search your investors’
for eligible products and fully adjusted pricing, empowering your
company to make profitable decisions quickly.
The Sollen BestEx solution is a comprehensive tool that allows
lenders to search multiple investors for the most profitable placement
of a loan. Enter or upload a borrower’s loan information and
instantly receive a list of your investors’ programs that
the loan is eligible (and ineligible) based on the entered search
criteria. For eligible loan programs, BestEx displays the total
price for each loan scenario entered, including the investor’s
base price, your markup, negotiated specials, the SRP and all loan-level
adjustments. For ineligible loans, BestEx explains possible reasons
the loan does not meet the program guidelines. Loan officers and
secondary marketing departments can benefit from our dynamic loan
search and pricing tool that delivers the best execution on each
loan.
LenderOnline provides Internal Online Locking, Pipeline, and Best
Execution all in one solution. Allow your loan officers and brokers
to search products, get pricing and lock electronically with you!
Enable your originators to track their loans with our pipeline tools
and use our BestEx solution to manage your delivery selection and
profitability.
LenderOnline is Sollen’s web-based solution for loan searching,
validation, loan level adjusted pricing and locking for a wholesale,
retail, correspondent or call center application. Market your products
to your customers in an easy to use format integrated into your
web site. Electronic locking eliminates faxing and reduces time
consuming phone calls. Additionally, you’ll never lock an
ineligible loan again. Maximize secondary placement of loan commitments
with best execution of your correspondent investors. Manage revenue
and monthly volume expectations with this interactive, two-way pipeline
tool. LenderOnline increases the profitability and decrease the
costs associated with mortgage origination.
RateSheet E-mailer provides easy management of rate sheet and bulletin
distribution. Save thousands over faxing and reduce resource demand
while improving customer satisfaction. Automate rate and bulletin
delivery with easy self-administration. Includes a branded web site
for downloading your rate sheets and bulletins!
ratchet E-mailer is a full-featured, self-administering system
designed to automate and manage the delivery of rate sheets and
bulletins. RateSheet E-mailer is a browser based system that allows
for multiple pricing groups. With a few clicks of the mouse, the
time-intensive process that took hours and cost thousands is reduced
to minutes and pennies. Sollen Technologies offers our highly praised
Download on Demand system for times when a user cannot access their
e-mail, yet must retrieve rates over the Internet. RateSheet E-mailer
is the most efficient way to deliver your message to a large audience.
With RateSheet E-mailer as your delivery solution you no longer
pay for faxes, equipment, maintenance, expensive and complex software,
or excessive bandwidth. Best of all, RateSheet E-mailer pays for
itself in weeks, not years.
RateSheet Generator provides one-click rate sheet generation! That’s
right! Sollen manages your investors’ pricing for you. When
the rates are updated in the database each morning (or throughout
the day), click a button and your rate sheet is created with your
profit margins included.
Sollen’s RateSheet Generator simplifies the time consuming
process of gathering investor’s data and producing daily rate
sheets. No more re-keying, cutting, pasting or linking data. Create
your rate sheet in 15 seconds. Daily, your investor’s rates
and prices are electronically sorted by "best execution"
for each product, note rate and lock period. The easy and comprehensive
configuration gives you complete control of profit margins by enabling
you to adjust the investors' prices before creating the rate sheet.
Additionally, the rate sheet can be customized to your specifications
including logos, commentary and contact information.
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