Ellie Mae (ELLI) released AllRegs Market Clarity 3.0, a new version of its business information tool featuring new search functions and improved navigation.
Market Clarity is a business information tool for the mortgage banking industry that helps lenders and investors manage risk and identify market opportunities, said Ellie Mae in a statement.
The new version includes a new user interface that lets users compare and contrast more than 3,000 loan products from 95 different investors.
“Our new loan product overlay search makes it easier than ever for users to truly analyze loan programs side by side and see exactly how they differ. Users of Market Clarity have the ability to review the full set of product guidelines for each investor with whom they are an approved Seller/Servicer,” said Jeff Hoerster, vice president and general manager for AllRegs by Ellie Mae solutions.
“Additionally, users may also review a redacted set of guidelines for those investors participating in the market with whom they do not yet have a business relationship, making the tool especially useful in keeping an eye on what competitors are offering,” he added
Market Clarity 3.0 allows users to search thousands of different loan programs in three different ways:
- A Product Eligibility search tool lets users type in a borrower's criteria and loan requirements to find available products from more than 3,000 products from 95 different vendors and GSEs.
- A Product Comparison search allows lenders to compare loan products by 44 different data points to see how they stack up down to a granular level, with the ability to export results in multiple formats.
- A Product Overlay search enables lenders to select a baseline investor, such as Fannie Mae, and compare other loan programs against it to show where and how product.