SAN FRANCISCO, CA (March 5, 2019) /PRNewswire/ – Compass Analytics announced today significant enhancements to CompassPoint™, their industry-leading risk management and loan sales platform. Compass’s first major update of 2019 provides clients more integration opportunities and introduces innovative mobile capabilities.
Recognizing the critical role of integrations in today’s mortgage market, Compass Analytics added to its library of APIs by expanding support of Fannie Mae’s Servicing Marketplace (SMP). Lenders are now able to use the CompassPoint™ suite to create mandatory commitments with SMP, returning both the SRP value and note-rate level pricing with the click of a button. Users can save each component of the total loan price, including base price, each LLPA, SRP and investor fees, and seamlessly export that information to their LOS. These enhancements build on the Compass commitment to Fannie Mae’s SMP, following Compass’ first to market support of the Servicing Marketplace API in May 2018 as well as the successful implementation of the SMP-SRP v2 API in December.
Empowering users who are increasingly away from their desk, Compass Analytics introduced a new Bid Tracker feature of its mobile responsive Pipeline Vitals application. Lenders are now able to view the status of loan sales from a phone, watching as win percentages and projected bulk bid spreads change in real time. “Shadow” bids are shown in the same application, simplifying lender access to new investor partnerships. Core Vitals functionality includes real-time risk position updates, an executive summary showing lock and margin information within peer group comparisons, and an intuitive dashboard showing market movement both intraday and since time of rate sheet publication.
“Mortgage bankers are focused on controlling cost in 2019 and workflow efficiencies are direct ways of accomplishing this,” stated James Baublitz, Product Manager — Pipeline Analytics. Baublitz continued, “Compass Analytics is committed to its role as an integral player in our client’s march toward fully integrated capital markets solutions.”
About Compass Analytics, LLC
Compass Analytics is an innovator in the FinTech industry and a leading provider of pricing technology to lenders. Compass develops cutting-edge analytics and coupons viagra offers advisory and active risk management services to mortgage bankers, traders, investors, and banks. Compass Analytics’ platform is revolutionizing the way home loans are formed and sold through the use of innovative real-time technology supported with services, expertise, and guidance. Compass’ suite of tools includes CompassPoint™, CompassPPE™, CompassBid™, CompassDirect™, and CompassCommit™.