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Stock Market Finance Widgets
May 13, 2010
MPS Expands Offering to Rate Sheet Support. New tools form basis for custom rate sheets in multiple formats. <more>

April 22, 2010
Residential Home Funding automates daily rate sheet generation using LEAP! from Mortgage Pricing Systems. <more>

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Press Releases Continued...

May 16, 2008 — LEAP! employs declining market requirements.
LEAP! now covers declining markets providing new, lender-specific messages. As you know, lenders treat declining markets differently, and they've been changing their rules over the past few weeks. As such, LEAP! will not automatically disqualify a scenario based on a declining market, instead it will display notes to the user regarding county, lender requirements and other qualification specifics.

March 31, 2008 — MPS expands to new office headquarters.
Mortgage Pricing Systems has moved to a larger office setting to better support our current and future growth. The new office is located at 115 Main Road, Montville, NJ, 07045. Our new, main phone number is 973-917-3050.

March 18, 2008 — Ready with FNMA and FHA Stimulus products.
Today's release of LEAP! contains the required data and controls to allow for accurate support and qualification of FNMA and FHA stimulus products.

March 16-20, 2008 — MBA NJ's 25th Annual Regional Conference.
The Mortgage Bankers Association of New Jersey hosts the 25th Annual Regional Conference of Mortgage Bankers Association at the Trump Taj Mahal Casino Resort in Atlantic City. This is the premier East Coast event for Mortgage Bankers. We'll be there. Be sure to stop by booth #311 and say hello.

January 24, 2008 — MPS announces record growth for 2007.
Mortgage Pricing System, LLC experienced another very successful year in 2007 despite the challenges of the mortgage lending market. Revenues increased by 75%, all debt was repaid, and the year ended with a client increase of 20%.

Our service provides the most accurate pricing of all of our competitors. Time-critical updates, in concert with our unparalleled service, assisted our clients during a difficult period. We also were instrumental in providing our clients with new investors as many companies exited the mortgage market.

December 10, 2007 — New LEAP! Administrator Features.
The latest version of LEAP! includes many behind-the-scenes features to provide administrators and managers with more flexibility and control.

One new feature allows users to view loan submissions by office groups. This provides a hierarchy of loan submissions where managers see only those submitted loans for the offices they manage. Another new feature provides for qualification messages that are "user rights" directed. For example, you can have a specific qualification message that only appears for a certain lender and a certain user, like your pricing desk.

October 14-17, 2007 — MBA's 94th Annual Convention & Expo 2007.
The MBA's 94th Annual Convention & Expo 2007 provides cutting-edge speakers and leading educational sessions to help you re-shape your business and career. The exhibit hall offers great opportunities for you to obtain a wide variety of technology solutions and business tools.

Come visit Mortgage Pricing Systems at booth number 2314 and see firsthand why LEAP! is the most advanced, accurate and simple-to-use mortgage pricing product available.

September 18, 2007 — LEAP! enhancements for Agency products.
The mortgage market is rapidly shifting towards Agency products and LEAP! is changing to improve the way you sell these products. As subprime products fall out of favor, Government Products, Community Lending and other FNMA & FHLMC alternative products become more important.

With our latest release, you can filter your qualifications by Agency Level and Product to better focus your qualification results to specific criteria like Expanded Approval Levels or FHA.

August 10, 2007 — New LEAP! qualification enhancements.
On Friday, August 10th, you will see some new changes and enhancements in LEAP!, driven by client requests and suggestions. Some changes include;

  • Separate Pay Option/Hybrid programs in qualification results
  • Filter qualification results with or without mortgage insurance and pay option programs
  • Enter Gifts and Concessions as percent values as well as dollar amount
For more information and an in depth write-up on this release, contact your MPS representative.

July 11, 2007 — Tri-State Wholesale Lending Fair.
Sponsored by NJAMB/MBA-NJ, NYAMB, and PAMB, the "Let's Make A Deal" Tri-State Wholesale Lending Fair enables Brokers to "make their deals" during a period devoted solely to networking and relationship building. Come join Mortgage Pricing Systems to lean more about LEAP!, our pricing solutions and our network of lending professionals.

May 29, 2007 — Enhanced user management with a new LEAP! system release.
On Tuesday May 29th, Mortgage Pricing Systems introduced exciting new features to the LEAP! system providing for even more administrative control over LEAP! users. Now administrators can better manage user loan submissions by viewing and changing loans even after they've been submitted. These new management features require the installation of the rate-lock feature.

If you have more questions regarding the new release or the rate-lock feature, contact your relationship manager at 973-971-3050 or via email.

May 4, 2007 — A push to Hybrid Option Programs.
As Pay-Option ARMs fall out of favor, the market has shown an aggressive shift towards the new Hybrid Option Programs. These products provide the flexible payment options of the traditional Pay-Option ARM, without the short term teaser rates and volatile ARM pricing. With longer fixed rate periods, the Hybrid Option products are a great fit for many borrowers.

LEAP! supports a complete line of Hybrid Products for many lenders like:

Ask your LEAP! relationship manager for more information on what Hybrid Product options your lender is providing.

April 20, 2007 — MPS announces record growth in First Quarter 2007.
Mortgage Pricing Systems, LLC announces revenue growth of 46% during the first quarter of 2007 compared to the first quarter of 2006 and overall revenue growth of 27% for 2006.

Since April of 2006, MPS has tripled its number of clients and is currently in negotiation with a record number of potential additional customers. MPS is a debt-free owner-operated software company providing unique solutions for mortgage banks and brokers

March 30, 2007 — Surviving the Subprime fallout with LEAP!.
The past few months have been telling. Many lenders have gone out of business and all the subprime and related products have been drastically changed or eliminated. Many pricing systems have failed to keep pace with the fallout of the subprime collapse. We know, as our client list has expanded dramatically.

"LEAP! has been a critical part of our survival over the last few months. We've used the system to place loans that have fallen out of our traditional lender channels. And they've been fast to update the products and lender changes," says Julio Salazar Jr., Chief Financial Officer of Residential Home Funding Corp., based in New Jersey.

Are you having problems with the accuracy of your pricing vendor's rates and the timing of their guideline updates? It's time to LEAP! to a better pricing solution!

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MPS - Mortgage Pricing engines are also sometimes know by these terms: PPE, product pricing engine, eligibility, technology, tool, qualify, qualification, underwrite, underwriting, correspondent, wholesale, retail, residential.