How to activate & use the pricing engine
We have integrated with a 3rd party pricing engine, which works as a "Pricing Engine" tab within the loan file & also as a stand alone loan pricing engine under the pipeline side menu option.
To test it out follow these steps:
1. Enable the pricing engine within your plan or ask us for a trial period.
2. Enable the pricing engine tab under platform settings--> File display tabs
3. On each user level that needs access, enable the permission & enter the following test credentials: rob@lendingwise.com password: Lendwise123
Now you can enter various scenarios and get real time eligibility & pricing of loans.
In order to enable your own specific pricing engine, please send us the unique portal login URL so we can update it on the backend.
Once updated on the account, users with the Pricing Engine permission enabled will have access to use it.
Example: enabling the Pricing Engine feature for a Loan Officer (similar process applies to enabling the feature for Back Office, Branch and Broker users.
1. Navigate to User/Contacts > Loan Officer > Loan Officer List > then click on the Loan Officer's name.
2. This will open the Loan Officer's User profile. Scroll down to the "User Permission Settings" section and expand the section to open permission settings.
3. Scroll down to the sub-section named "Special Reports or Features"
4. Toggle the permission setting on for "Enable Pricing Engine?"
5. Then enter the Login and Password credentials for the Loan Officer (highlighted in screenshot).
6. Click the "Save" button when completed.
The Loan Officer will now see a Pricing Engine tab within their loan files.
***NOTE*** The pricing engine is for beta testing only. The guidelines are outdated. If you want a pricing engine, we will make an introduction to the 3rd party where you can purchase a plan and setup your lenders & their guidelines. Typical pricing is around $1500/mo and min $2500-$5000 setup depending on the # of lenders/investors & complexity.
To learn more & schedule a call with the pricing engine team, contact pricingengine@lendingwise.com
FYI: Lastly, if you want the LendingWise loan data to flow into the loan pass pricing engine, we can do that, but it will require a custom dev project fee.