Strunk launches a new Pricing Manager tool to make CFIs more profitable
Customers looking for the latest Commercial loan, deposit pricing and relationship profitability tool will soon be able to purchase Pricing Manager by Strunk.
Pricing Manager is designed to appeal specifically to community financial institutions and includes: Pricing Tool - This feature was included because community financial institutions need to ensure lenders are armed to price loans profitably and consistently based on target profitability objectives. This is great news for the consumer as It also provides the ability to understand the details of relationship profitability so better pricing decisions can be made.
Pricing Power - This was made part of the product, since seeing how much 'pricing power' each deposit brings to the loan or total relationship helps CFIs understand the key drivers of profitability. Customers who buy Pricing Manager should enjoy this feature because it offers lenders the ability to vary rate, fee, risk premium and term structure among other variables and develop pricing options for borrowers that all achieve the target ROE for all types of loans.
Customizable Assumptions - Strunk made sure to make this part of the Commercial loan, deposit pricing and relationship profitability tool's development as our built-in assumptions for loan origination, loan servicing and cost of funds update automatically on a weekly basis from FHLB.
Customers will likely appreciate this because they can use our standard assumptions or make their own based on origination costs, servicing costs or risk profiles. This leads to consistent profitability across every loan type and every relationship.
Arm lenders with the tools needed in an increasingly competitive environment
Allow instant adjustments to a shifting rate environment and ensure pricing consistency. Provide clients with pricing offers that will win more deals.
Find Out More At https://strunkaccess. com
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