1st Loan Finder – Pricing Guide
New
Account and/or Lending Product Template
|
Item |
Price |
Condition |
Remarks |
|
|
|
|
|
|
Configuration/Setup
(Option 1) |
$30,000 |
Advance |
No
contract, no minimum monthly requirement. |
|
Configuration/Setup
(Option 2) |
$12,000 |
Advance |
One
year contract, 400 applications per month, guaranteed minimum |
|
|
|
|
|
|
Basic
Beacon (FICO) Score |
$3.00 |
Per
Application |
Reporting
from one Credit Bureau. |
|
Basic
+ 2 Determinants * |
$4.00 |
Per
Application |
Reporting
from one Credit Bureau. |
|
Basic
+ 3 to 10 Determinants * |
$5.00 |
Per
Application |
Reporting
from one Credit Bureau. |
|
Basic
+ 11 to 20 Determinants * |
$6.00 |
Per
Application |
Reporting
from one Credit Bureau. |
|
Basic
+ 21 or More Determinants * |
TBD |
Per
Application |
Contact
1st Loan Finder for Quote. |
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|
|
|
|
|
Data
from one Credit Bureau |
INCL |
Per
Application |
Included
in above prices. |
|
Data
from two or more Credit Bureaus |
$3.00 |
Per
Application |
Charged
in addition to above pricing |
|
|
|
|
|
|
Loan
Document Preparation |
$2.00 |
Per
Application |
Maximum
of Three Different Documents, $0.50 extra per additional document. |
|
|
|
|
|
|
Export
Document Preparation |
$2.00 |
Per
Application |
Data
organized in a format that is importable by the Back Office System. |
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These prices are effective
until October 15, 2003. |
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*NOTE: Determinates are specific items that are
used in the determination of loan approval/decline, or limits when using a
variable scale table of rate, terms, amount, etc.. Determinants include, but are not limited to items such as:
·
FICO score,
·
BNI score,
·
Debt to Income ratio,
·
Loan to Value ratio,
·
Number of late payments over period,
·
Amount of time report has been on file,
·
Income,
·
Etc.
Any
items contained on the credit bureau report(s) and/or loan application may be
used as determinants.