Vice Capital Markets, a mortgage hedge advisory firm for independent lenders, banks and credit unions, announced Thursday that it is the first to integrate Fannie Mae’s new loan pricing application programming interface (API) into its trading portal.

The API simplifies the loan pricing and commitment process by consolidating multiple pricing APIs into one. This gives lenders instant access to Fannie Mae’s base pricing, service release premiums, loan-level pricing adjustments (LLPAs) and internal pricing adjustments in a single request.

“This API is a game-changer for lenders looking to optimize their secondary execution,” Shawn Ansley, chief information officer at Vice details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com