Loan and Deposit Pricing Solutions

FARIN’s Loan and Deposit Pricing programs offer a complete interactive pricing solution. They are designed to assist your Institution to succeed in today’s competitive markets. FARIN will partner with management in their efforts to increase accounts and balances, grow and retain business, monitor and track deposit and loan programs and offerings, and manage margins.

They are flexible solutions designed to meet the Institution’s internal resources, and to be a strategic business tool used to optimize income and streamline the decision making process

The iPrice process is comprised of three key components:

Custom Consulting
Data Management
Interactive Software

Your data management and process is performed using the iPrice software housed on FARIN servers. FARIN’s education and consulting is delivered via the web, on-site, at FARIN or at a FARIN Consulting workshop.

FARIN iPrice Set-Up and Operating Process

iPrice Set-Up and Operating Process

The iPrice Loan and Deposit Pricing Program begins with an assessment, or an Initial Strategic Review (ISR), of the current offerings, marketing efforts, and other pricing factors.

Upon completion of the review, you are armed with pricing disciplines and options for attacking markets and implementing proven practices. Training is provided to the Institution’s management team to fully utilize the iPrice software tools. These tools will allow management to test pricing options, measure the profitability of strategies and serve as management tracking tools.

The use of the iPrice model allows the Pricing team or ALCO to test new ideas and strategies while tracking the progress and assessing the success of plans during implementation. To stay on track throughout the process, FARIN staff are available as a consultant to your team in building consensus, reviewing or making critical changes, evaluating options, and helping to communicate the bigger picture issues in daily decision making.

Other FARIN pricing services include:

iPrice Relationship Pricing
iPrice Core Analytics
iPrice LoanEDGE

iPrice Deposit Pricing Service

Designed to assist the management team with developing, implementing and measuring deposit pricing programs. The focus of the iPrice Deposit Pricing Service is to streamline the decision making process by utilizing state of the art software, easy to read and interpret reports and consulting services.

Deliverables:

A detailed, strategic rate-setting process that becomes part of the Institution’s weekly pricing and periodic product review processes
Pricing rules set up by sector or product
Easy to interpret graphs plotting the Institution’s pricing relative to the competition
Marginal cost calculations to evaluate various pricing strategies
Analyze the cost of pricing changes before implementation
Quickly identify competitor rate changes by sector
Customized chart of accounts
Simple to implement and use
Training and support

iPrice Loan Pricing Service

Designed to help remove the doubt associated with the profitability of a loan. By implementing the iPrice Loan Pricing Service the Institution will have an objective and disciplined approach to evaluating loans. Utilizing state of the art software, easy to read and interpret reports and consulting services the Institution has the tools needed to make and document sound business decisions.

Deliverables:

Pricing rules set up at the sector or product level
Product expenses and fees
Stores the current pricing rules by product
Four product profitability measures
- Spread to investment bench-mark
- FTP return
- Actual income
- Market value
Up to date market rates
Customized chart of accounts
Simple to implement and use
Training and support

iPrice Relationship Pricing Service

Combines the information gathering and decision making processes behind the iPrice Loan and DepositPricing services into a dynamic tool for the Institution’s front line officers. With iPrice Relationship Pricing the Institution’s officers will have the ability to design deposit and loan packages to meet the client’s needs, while improving the bottom line.

Deliverables:

Interactive pricing tool to be used by front line staff
Officer level training and support
Expand loan and deposit relationships
Have a more efficient decision making process
Assure deals are made which meet the profitability goals of the Institution
Have a documented paper trail for each deal
Be able to track the efficiency and effectiveness of each officer

iPrice LoanEDGE - Coming Soon

Need a tool to quickly and efficiently calculate the profitability of a loan or of a loan and deposit relationship? FARIN’s iPrice LoanEDGE model is an easy to use, web-based tool designed to give the Institution quick answers. The model can be used by front line staff or management to build solutions which will aid in better relationships and more profitable business.

Deliverables:

Easy to access web-based tool
Customized loan and/or loan and deposit packages
Tracking of the status of deals
Documentation
Includes the calculation of loan fees, expenses and credit risk

To learn more about how we can help you with your Deposit and Loan Pricing or to schedule a preliminary consulting call, please contact us at (877) 400-0037, email us at sales@farin.com, or click here to complete a product inquiry form.