q-Services are a suite of services that enable businesses to implement advanced services quickly and cheaply.
q-Rulesq-Rules is a weighted matching rules engine that allows you to easily configure rules evaluate your data. Unlike 'decision tables' that required you to configure all possible permutations of the rules you are implementing, q-Rules allows you to weigh your inputs, enforce matching and non-matching criteria, and present multiple outcomes.
Product pricing
Acme Appraisals, Inc. has a network of licensed broker that perform residential real estate appraisals around the country. They contract with banks to perform appraisals of pending mortgages, and have recently contracted with an NewCo Insurance company to appraise all properties NewCo are underwriting. A recent hurricane in Miami county has jacked up the price for their products for the next six weeks. Their rules are: - Their list price for appraisals is $350, of which they pay the appraiser $325.
- Several clients have contracts for discounted pricing; this pricing may vary by contract.
- NewCo has discounted pricing of $275 per appraisal; this 'beats' any client pricing scenarios.
- Los Angeles and San Diego counties have a high demand, so they can charge more then their list price.
- The hurricane in Miami has created a backlog; FEMA has authorized charging $425. NewCo has agreed to a $400 fee in Miami.
| Product | Client | Underwriter | County | Client Price | Broker Fee | | Appraisal | | | | 350.00 | 325.00 | | Appraisal | | NewCo | | 275.00 | 250.00 | | Appraisal | | | Los Angeles, San Diego | 375.00 | 340.00 | | Appraisal | | | Miami | 425.00 | 375.00 | | Appraisal | | NewCo | Miami | 400.00 | 375.00 | | Appraisal | Client A | | | 320.00 | 300.00 | | Appraisal | Client B | | | 315.00 | 300.00 | | Appraisal | Client C | | | 325.00 | 300.00 |
Regulatory Compliance
Loan underwriting
| Product | Investor | FICO Minimum | Doc Type | Max LTV | Loan Amount Minimum | | 30 YR Fixed | Client A | 600 | Full Docs, Stated Docs | 80.0 | 50000.00 | | 30 YR Fixed Jumbo | Client A | 700 | Full Docs | 80.00 | 314000.00 | | 30 YR Fixed A+ | Client A | 750 | Full Docs | 75.00 | 200000.00 | | 5/1 Quick Loan | Client A | 600 | Stated Docs | 90 | 50000.00 | | 15 YR Fixed | Client B | 500 | Full Docs | 80 | 25000.00 | | 15/1 Variable | Client B | 500 | | 70 | 300000.00 | | 7/1 Variable | Client B | 600 | | 70 | 300000.00 | | 40 YR Fixed | Client C | 500 | | 90 | 200000.00 |
Workflow paths
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