The newest software tool for HUD lenders allows underwriters and originators to calculate an approximate real-time pricing and rate quote for both permanent loans and construction/perm loans.
Bloomberg® users know that BC35 went away recently. Mudzie allows you to make the same real-time calculations on any web browser. The Basic version is available to beta users now, and more features will be added soon.
A Bloomberg terminal requires you to back into a rate or price with multiple requests. Mudzie gets you to your answer faster and without the risk of some human error. It has base settings for "plain vanilla" permanent loans and construction loans (please see the disclosures).
A lender can enter front-end fees and Mudzie will subtract those points from the $105 maximum. Then, Mudzie will calculate a rate. Avoid penalties and stay HUD-compliant by making sure your lender fees don't exceed 5% of the mortgage amount. Several lenders were sanctioned last year for failing to comply with this rule.
Mudzie has real-time US treasury curve data and can calculate a GNMA pass through rate for you instantly.
Mudzie displays a graph of the past 3 months of rates at a price of $102. Download the data you need for your borrowers (coming soon).
Your rate lock desk may have macro market blinders on. KimmyMae's business intelligence tools will analyze trades across many lenders and investors. You'll make better long-term decisions with more data.
Your rate lock desk only represents your company's loans, and cannot assess if it's leaving money on the table. KimmyMae's intelligence tools will gauge whether the pricing bids you're receiving at auction are comparable to bids other lenders are receiving, In real time.
The HUD multifamily industry needs cutting-edge solutions for business processes. Borrowers avoid HUD because it's cumbersome and not known for efficient technology. KimmyMae and Mudzie create a platform for technological progress.
KimmyMae and Mudzie are tools to assure lenders and borrowers that they're receiving the best bond execution possible. Mudzie can watch the market and notify lenders of beneficial rate changes, start an auction quickly, and manage the digital documents afterward. Efficiency lowers the cost for all market players.