PCBB Announces BLP Mobile Pricer
Mobile Pricing Tool Makes it Easy to Price Fixed Rate Loans
WALNUT CREEK, Calif. — June 16, 2016 — Pacific Coast Bankers’ Bank (PCBB), a national financial services leader serving community banks, announced today the availability of the BLP Mobile Pricer, a companion mobile pricing tool for PCBB’s interest rate hedge program, Borrower’s Loan Protection (BLP).
The BLP Mobile Pricer was designed specifically for community banks that are looking to gain a competitive edge by empowering lenders with the ability to price loans for the BLP solution anywhere, anytime on their smartphones.
“Our community bank customers have an increasing demand for quick mobile access to loan pricing,” said Denny Trompeter, Managing Director of PCBB’s Hedging Solutions. “The BLP Mobile Pricer allows customers to instantly access current market rate pricing and generate multiple loan pricing scenarios for their borrowers.”
Additional features of the BLP Mobile Pricer include the ability to calculate current fixed rate equivalent pricing for variable rate loans and receive a historical log of pricing scenarios.
“We continually strive to give community bankers the best possible experience with our interest rate hedge solution,” added Steve Brown, PCBB President and Chief Executive Officer. ”Many small community banks don’t have the resources to maintain market-based pricing and must rely on publicly available information. The BLP Mobile Pricer solves that problem by giving them market-based pricing and loan structures on the spot so they can better serve their customers.”
PCBB was founded by bankers to help community banks build stronger institutions. PCBB does not compete with our community bank clients for their customer’s business. Today, PCBB provides community banks across the nation with comprehensive products and services, including correspondent banking, performance, lending, hedging and risk consulting solutions
About PCBBPCBB (www.pcbb.com) was created with the sole purpose of helping community-based financial institutions become stronger. Our goal is to provide fellow bankers with high-quality, competitively-priced correspondent banking solutions and personalized service.
PCBB provides a comprehensive set of products and services covering multiple areas, including: correspondent and commercial banking, hedging, and international. PCBB also offers a variety of consulting services ranging from asset liability management, relationship profitability, loan reserve analysis, and stress testing. Our services are designed to help financial institutions compete more effectively, but never to compete against you for your own customers.
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