Mortgage Loan Pricing and Committing APIs
Improve price transparency, make your best execution decisions, and commit loans with more ease using our Loan Pricing and Committing application programming interfaces (APIs). Loan Pricing API consolidates asset price, servicing released premiums, loan-level price adjustments, and any additional Fannie Mae adjustments into a single pricing response with a quote ID. Utilize the quote ID in Loan Committing, within the specified time frame, to execute your whole loan Best Efforts commitments at a loan level.
Key benefits
Price transparency
Commit loans using improved price transparency from
Fannie Mae.
Faster lender best execution
Reduce manual steps with automated loan pricing and Best Efforts committing.
Loan-level control
Execute commitments at the loan level rather than the product level.
How it works
The Loan Pricing API streamlines various pricing elements into a single response, giving you better transparency and more detailed price information. The Loan Committing API provides confirmation of the lender’s loan commitment at the specified price.
Use Loan Pricing to receive all-in price and quote ID
Support best execution decisions
Commit loans using Loan Committing with quote ID within the specified time frame
Scenario
Mark, a secondary market manager, wants to assess the lender’s best execution to sell a batch of loans to investors.
See how the APIs can help improve the process.
Simplify your pricing and committing today.
Contact your sales engineer or Fannie Mae representative to get started.
See the Quick Start Guide for details.
