Banks and credit unions often price loan based on a "gut feel" and competitor rates. With Sageworks Loan Pricing, financial institutions can make better, faster decisions that accurately capture costs of administering the loan and risk of the borrower while taking into account the entire relationship.
Credit Risk Software
- Credit Analysis
- Risk Rating
- Loan Pricing
- Loan Administration
- Document Preparation
- Electronic Tax Return Reader
- Workflow
- Document Management
- Analytics and Reporting
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Make More Informed Pricing Decisions
Loan Pricing
Loan Pricing Software
Confidently set risk-based prices
Achieve Desired Returns
In a competitive environment, lenders can lose good loans by over-pricing deals and can hurt profitability by underpricing. With Sageworks Loan Pricing, institutions can evaluate the entire relationship’s risk exposure and value to set pricing limits while still hitting ROE/ROA targets.
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Advantages and Features of Sageworks Loan Pricing
Utilize a flexible pricing model that helps bankers accurately set and document loan prices.
Leverage Data Insights
Competitive Loan Pricing
With visibility into costs (funding, loan underwriting, and administration), borrower and relationship risk, and institution-set targets, lenders can evaluate different pricing scenarios without duplicate data entry.
Eliminate Bottlenecks
Better Customer Experience
Accurately set and document prices quickly to speed up deals, make customers happier, and process additional loans more efficiently. By automating loan pricing, banks and credit unions can foster more competitive turnaround times and rewarding relationships.
Gain Exam Confidence
Consistent Pricing Methods
The technology provides consistency to price loans according to the same cost structure so it’s easy to justify to the loan committee and examiners why a particular set of loan terms is appropriate.
Only 34% of financial institutions in a recent Abrigo survey said they set their loan prices on internal profit measures.
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Integrated Services with Abrigo
Instill consistent and effective pricing discipline.
Loan Pricing Consulting
Abrigo’s Advisory Services team works with hundreds of institutions and can help you leverage loan and deposit pricing best practices. In conjunction with your leadership team, Abrigo’s advisors conduct a strategic review of current offerings and pricing, and then recommend pricing disciplines to give the institution a competitive advantage and better profitability.
Learn about pricing services