April 21st, 2014 4:19 PM by Bobby Hill
What is Rate Alert? It is a service some lenders use that provides them with real time MBS (Mortgage Backed Securities) Trading updates as to what is going on with the Bond Market. There are other companies that offer a similar service. These type companies charge the lender to provide the updates and news feeds but it is well worth it for their clients. Why is it important for the lender to use a service like this? It provides the lender with information on what is going on in the market so they can advise their clients to lock or float their rate. This allows the client to lock into the best interest rate at the best time. Many times it can save their client thousands of dollars.If you have questions, please feel free to contact me at: firstname.lastname@example.org or call 919-614-0388.