Product Hatching Ideas

Sorting of rate results when over par always rebated

When over par is always rebated to the borrower, the rate results section is sorted randomly >100 pricing.  The results state 100.000 but the first result may not be the best price from the investor or best rebate to borrower.  I've attached pictures showing multiple results when over par is rebated compared to when it is not, different orders.  Need to determine how these are sorted whether it be best price or lowest fee to borrower.

  • Mike Russell
  • Feb 8 2017
  • Moved to Prioritzation
Workaround Present No
Impact to Existing Customers All
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  • Admin
    Lori Rezac commented
    February 20, 2017 19:08

    We see this issue a lot.  It also appears to be a problem when lender paid YSP is selected.  Our TPO clients must rebate above par.

    What is needed is a secondary sort feature that would sort 1st by rate, 2nd by price, and 3rd by fees and APR.  This would provide us a more true best ex.

    This may be a part of the rates screen redesign.