Southfield, Mich.-based Mortgage Builder Software, a provider of loan origination and loan servicing software, upgraded its LoanXEngine product eligibility and pricing technology.
The new upgrades are geared to help lenders become more efficient in the hedging and secondary marketing aspects of their business.
LoanXEngine was originally launched in 2007, with its latest updates including upgrades to pricing reports that enable secondary marketers to obtain optimal financial execution in loan sales.
In addition, the latest release also provides a new report created to boost hedging efficiency and results, improving profitability users.
"LoanXEngine’s new capabilities are specifically designed to result in improved hedging and trades to enhance the bottom line at a time when production expenses are at record levels," said Alan Johnson, executive vice president and head of the LoanXEngine division of Mortgage Builder Software.
"Whether lenders are using Mortgage Builder or another LOS, they can benefit substantially from the new improvements to LoanXEngine, particularly when the CFPB’s QM rules go into effect in January," he added.