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"I recently switched from a more expensive rate alert service. Your new site is awesome! I now have the confidence to know when to lock my loans via text, e-mail or online and so much more, all at much better price. And the new MBS Tracker rocks! I love the trend lines and the levels of support. Outstanding!" -- Ray Blindauer, CA(10/5/2009)"For over a decade, with the help of Dave Shirmeyer, I have been better informed on a timely basis, than with any other market commentary I have subscribed to...I know them to have been a reliable and consistent benchmark for decision-making, which in itself is worth more than the subscription price." -- Scott F. from Green Bay, WI(10/4/2009)"Today was my first day using Rate Alert and it has already paid off! I was floating a $175,000 deal from last evening. The market opened strong and the recommendation was to float until 1:00pm. At 12:34pm a Lock Alert was sent and the MBS Tracker jumped from -6 to -20. I went ahead and locked my deal and within 1 hour I had 4 investor re-prices for the worse. I ended up $357 to the good on the very 1st day with just 1 deal. That proved to be a great return on my investment." -- Frank Ruzicka from Conerstone Mortgage Inc.(1/13/2010)"I’ve been enjoying the e-mail notifications, but never took the time to go to the website. I tend to get embroiled in loans and put off things I know I "should do". I have been going to the website throughout the day this week and have saved money for my borrowers and myself. It’s much more proactive than waiting and wondering if I will get an e-mail to see what the market is doing. " -- Jamie O’Neal from CA(10/22/2009)"I couldn't survive without Rate Alert!" -- Hary M. from St Louis, MO(1/14/2010)"I recently switched from a more expensive rate alert service. Your new site is awesome! I now have the confidence to know when to lock my loans via text, e-mail or online and so much more, all at much better price. And the new MBS Tracker rocks! I love the trend lines and the levels of support. Outstanding!" -- Ray Blindauer, CA(10/5/2009)"For over a decade, with the help of Dave Shirmeyer, I have been better informed on a timely basis, than with any other market commentary I have subscribed to...I know them to have been a reliable and consistent benchmark for decision-making, which in itself is worth more than the subscription price." -- Scott F. from Green Bay, WI(10/4/2009)"Today was my first day using Rate Alert and it has already paid off! I was floating a $175,000 deal from last evening. The market opened strong and the recommendation was to float until 1:00pm. At 12:34pm a Lock Alert was sent and the MBS Tracker jumped from -6 to -20. I went ahead and locked my deal and within 1 hour I had 4 investor re-prices for the worse. I ended up $357 to the good on the very 1st day with just 1 deal. That proved to be a great return on my investment." -- Frank Ruzicka from Conerstone Mortgage Inc.(1/13/2010)"I’ve been enjoying the e-mail notifications, but never took the time to go to the website. I tend to get embroiled in loans and put off things I know I "should do". I have been going to the website throughout the day this week and have saved money for my borrowers and myself. It’s much more proactive than waiting and wondering if I will get an e-mail to see what the market is doing. " -- Jamie O’Neal from CA(10/22/2009)"I couldn't survive without Rate Alert!" -- Hary M. from St Louis, MO(1/14/2010)"I recently switched from a more expensive rate alert service. Your new site is awesome! I now have the confidence to know when to lock my loans via text, e-mail or online and so much more, all at much better price. And the new MBS Tracker rocks! I love the trend lines and the levels of support. Outstanding!" -- Ray Blindauer, CA(10/5/2009)"For over a decade, with the help of Dave Shirmeyer, I have been better informed on a timely basis, than with any other market commentary I have subscribed to...I know them to have been a reliable and consistent benchmark for decision-making, which in itself is worth more than the subscription price." -- Scott F. from Green Bay, WI(10/4/2009)"Today was my first day using Rate Alert and it has already paid off! I was floating a $175,000 deal from last evening. The market opened strong and the recommendation was to float until 1:00pm. At 12:34pm a Lock Alert was sent and the MBS Tracker jumped from -6 to -20. I went ahead and locked my deal and within 1 hour I had 4 investor re-prices for the worse. I ended up $357 to the good on the very 1st day with just 1 deal. That proved to be a great return on my investment." -- Frank Ruzicka from Conerstone Mortgage Inc.(1/13/2010)"I’ve been enjoying the e-mail notifications, but never took the time to go to the website. I tend to get embroiled in loans and put off things I know I "should do". I have been going to the website throughout the day this week and have saved money for my borrowers and myself. It’s much more proactive than waiting and wondering if I will get an e-mail to see what the market is doing. " -- Jamie O’Neal from CA(10/22/2009)"I couldn't survive without Rate Alert!" -- Hary M. from St Louis, MO(1/14/2010)
Alert Simulator  Executive Membership


Revolutionary Rate Alerts!

Rate Alert is only MBS service in the market that allows you to enter actual lender re-prices and systematically adjust your settings to consistently beat lock desks. This revolutionary concept is the most profit enhancing feature we offer. Our Simulator allows you to track up to 3 lenders simultaneously. Just enter your lender name and actual re-prices at the exact time you received them and click “Simulate” and to how well your current settings performed that particular day. Then you can scroll back in time, day-by-day to examine how these settings would have protected you over a period of time. Adjust the Alert Controller Settings at the top of the page and “Re-Simulate” to dial in your settings. There’s no other way to scientifically dial in your service than with the Rate Alert Simulator.



AM Tracking Quotes: Your Most Critical Setting

Your AM Tracking quote is your pricing “starting point” each day and gives you coupon pricing relative to the opening price (8am EST). Your Tracking Quote will be defaulted to 9:30 AM EST. This is generally when most lenders issue their morning pricing. But you can change this to coincide with the given behavior of any particular pricing desk in your Alert Controller. What makes the AM Tracking Quote so critical is actually quite simple. If a lender issues pricing at the same time as your AM Tracking Quote, subsequent market changes from this point forward in the day should offer the best indication how likely they might re-price and in which direction.

Movement Alert Triggers: Fine Tuning Your Alerts

Basic and Executive members can set their Instant Re-pricing Alert tolerances in the Alert Controller or in the Alert Simulator. Some Originators want wish to be Alerted when pricing is at risk of moving by only .125 in fee while others are only interested in being notified when pricing can potentially move by .25 to .375. Adjusting your "Instant Alert Trigger" is quite easy to understand. Bond pricing is presented in hundredths or "Basis Points" (bps) while lender pricing generally moves in 1/8ths. 1/8 is equal to .125, 1/4 is equal to .25, 3/8 is equal to .375, 1/2 is equal to .50 in pricing and so on. Conversion to Basis Points is very easy to understand. Take your lender fee pricing and simply move the decimal 2 places to the right and you have the equivalent in bps. This means 1/8 in fee movement (or .125) is equal to 12.5 bps. So if you'd like to be Alerted whenever MBS pricing moves enough to affect lender pricing by .125 in fee, you would select 12 bps as your Trigger. If you want to be alerted when bond pricing moves by .25 you would select 24 bps. Sometimes it takes a bit of fine tuning to get your service exactly where you want it, but the system is designed to be as sensitive as you want with the benefit of instant notification.

Beating Specific Lock Desks

If you're not beating a specific lock desk, don't be discouraged. Remember; lender pricing is managed by human beings. Some lenders will be slow to re-price for the better if they are near operational capacity and they might be quick to increase for the same reason and so on. Conversely they may lower pricing quickly or be slow to increase if they are trying to fill a funding commitment. The first thing to remember is that your AM Tracking Quote is your most critical setting in your Alert Controller. Again: This is your reference point for all future MBS movements that day. If you start Tracking at the wrong time of day, even if you’re set at 12 bps you can still miss a lender re-price. And just because you receive rate sheets at a certain time of day, that does not mean this is when they set their pricing. Members are encouraged to experiment with earlier AM Tracking Quotes and increase or decrease your Trigger settings. Chances are you'll be able to beat your lock desk consistently after a week or 2 of testing and changing. The bottom line is that you need to understand that if you're receiving Lock or Float Alerts, the market is moving and you need to beware!

Imperfect Science

Predicting any given lender's pricing all the time is impossible. Lock desks are managed by humans and every lender has different pricing goals and hedging practices. So you might find some lenders acting inconsistently once in a while as compared with your settings but rest assured when you get an alert, the market is moving and you need to prepare yourself. Don't leave your pipeline to chance. CLICK HERE to arm yourself with Rate Alert today!





What our members say:


"We find the Shirmeyer e-Daily Rate Market Report to be a most important source of information for our company. It is timely, precise, and gives us a market advantage in determining our loan positions. As well, it provides a good daily commentary for keeping us with the 'larger economic picture'. It is also a great value for the money!"
Tom H.
The Mortgage Network
Indianapolis, IN
"I used to spend an hour or so reviewing the market activity and news on several different websites to try to ascertain which way the market was moving and what forces were driving the market. Now you do it all for me! I recouped the cost of the report within the first month - I would have locked a loan but waited one day based on your analysis, and gained .375% of a point! Yours is a great service, which I would recommend to all serious loan officers."
Linda S.
Perimeter Mtg.
Atlanta, GA