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Just Price Solutions (JPS) is a nonprofit subsidiary of Neighborhood Housing Services of America (NHSA), the leading nonprofit provider of secondary market capital to the community development field. JPS was created to leverage NHSA’s 30 years experience in community development financing with proven mortgage processes and technologies.
The advent of Web-based technologies allowed JPS to create a single, robust platform that could be accessed via the Internet. Organizations without the resources to establish and maintain costly in house systems can now use this advanced loan origination and underwriting system with just an Internet connection.
The core of the JPS platform is an automated underwriting system that allows “what if” prequalification evaluations of a range of products and funding sources. It generates online approvals, validates eligibility requirements and connects seamlessly to third party service providers. Online systems replace laborious manual systems and allow users to select the optimal program for borrowers without the in depth knowledge needed in the past.
BestFIT® is the gateway to the JPS platform and incorporates the specific elements of foreclosure prevention so that a case by case analysis can now be done in a scalable process. Additionally, first-time homebuyers and existing homeowners can be matched to a combination of available public subsidies and private purchase and refinance loan products. The JPS automated underwriting system then simultaneously underwrites these multiples financing layers for a customized ‘best fit’ financing solution. |
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