We have clients who have portfolio HELOC programs, not in the secondary market who would like to use the prime rate in their marketing efforts.
Where would these customers like this stored? Do they want it pulled on specific documents or added to certain areas? Please elaborate further on the request.
From what I understand, this would be an indexed value for the HELOC rate similar to our ARM indexes. They would need this information passed through the 3rd Party Integration API. It would be great if we can leverage the process we have in place for ARM indexes and how we display them for Prime rate as well.
We are already storing this value, per Ryan Rathe.
What is the intended audience, the intended use of this value, is this in demand?
We will be doing more HELOC work later this year in which this can be further addressed.
|Revenue or Retention?||Retention|
|Impact to Existing Customers||Single|
|Business Value||1 - Important to a few or none, little or no impact on brand, little or no competitive advantage|
|Urgency||1 - Not time constrained|