DISCLAIMER: All mentioned features on this page may not be applicable to your institution. Please reach out to firstname.lastname@example.org for more information on which features are enabled for your use.
What is Product and Pricing?
You can now select the appropriate product for your borrower’s loan application in Blend! Within Blend’s Product and Pricing feature, Loan Officers and their assistants can specify product search criteria, review available pricing options, and choose the appropriate product option for your borrower.
Selecting your borrower’s appropriate product in Blend enables you to complete more steps in the loan application process utilizing one user-friendly system.
How to Select a Product in Blend
To set product criteria and select the appropriate product, begin by clicking into the loan in question from your Blend pipeline and ensure you are in the Application tab. After pulling credit for the borrower, click ‘Select Product’ here:
You will then be taken to a page where you can specify product search criteria.
View this video to learn how to enter search criteria:
Once you have entered your borrower’s information and set their product criteria, select 'View Rates' in the lower right corner of your screen and you will be taken to the All Products page where you can view the products that your borrower is eligible for, as well as the products they are ineligible for. The products your borrower qualifies for will be listed at the top of the page, followed by the products they are ineligible for in italics.
Clicking on a product will allow you to view the specific loan details and adjusters for that product. Clicking on an ineligible product will also allow you to view the reasons your borrower does not qualify for this product.
Once a product is selected, it will be applied to the loan application. View this video learn how to select and apply a product to your borrower’s loan:
NOTE: Keep in mind that this feature is only viewable on the lender platform and is not visible to borrowers.