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Atlantic City NJ, March 18, 2009 — Mortgage Pricing Systems (MPS) announced the release of LEAP! Alerts to rave reviews. This latest feature to it’s LEAP! suite of products debuted at the 26th Annual Regional Conference of Mortgage Bankers Association.

With LEAP! Alerts, users will never again miss the opportunity to lock at their best price. Once a user qualifies a prospect they simply set an alert. LEAP! monitors rates and prices all day and when the specified target price or rate is reached, the user is notified immediately and a lock can be executed.

“Since we started using the alerts, we were surprised at how much more money we could make – and save – simply by better timing our locks,” said Gina Boyd, Production Manager at Coral Mortgage. “Our loan officers in the field are especially excited about the rate alerts. Now they don’t feel like they have to stay on their computers to watch the bank rates all day long.”

A special feature of LEAP!’s Rate Alerts is flexibility of alert notification delivery. One can monitor the alerts with the normal pipeline screens, via email, or even text messages sent to a PDA or cell phone. “It’s simple and direct,” says John Coppa, Managing Partner of Mortgage Pricing Systems. “You set the target and LEAP! acts as the watchdog, as it monitors rates all day long. So if a borrower qualified for an FHA 30 Year Fixed at 5% paying 101.50, but you want to make 2 points, you set an alert and when that program reaches the 102 target, you get notified. It’s great!”

About MPS:
Mortgage Pricing Systems develops and maintains product eligibility and loan pricing solutions for small, medium and large mortgage banks. LEAP! Interactive, the point-of-sale, online technology fully integrates into existing client platforms. In addition, other LEAP! products include batch pricing and API solutions. All MPS offerings feature the same robust, rules engine incorporating up-to-the-minute pricing, guideline and adjustment changes, ensuring bankers and investors accurate, actionable and profitable results.

Press Contact:
Tom Lyons
tlyons@mtgpricing.com
(973) 917-3050