Lender Price, a provider of digital lending technology for the financial industry, and Mountain West Financial, a regional mortgage lender based in Southern California, have teamed up to develop Digital Lending Platform (DLP), Lender Price’s online borrower portal.
DLP automates and streamlines the mortgage loan application process. The platform integrates with loan origination systems (LOS) to create a seamless environment between the borrower, loan officer and the lender’s operation staff, resulting in a smoother, more transparent and faster mortgage closing process, the companies say in a release.
“Our borrowers want a convenient and easy to use way to engage with us online,” says Mike Douglas, CEO of Mountain West Financial. “The reason we chose Lender Price is because their platform gave us the flexibility to create a process that doesn’t have a lot of ‘fluff’. We built an efficient workflow that encourages borrowers to complete the application while also ensuring that information was captured in our LOS in real-time.”
DLP features digital verification services for assets, employment and credit reports, which intelligently fill out loan application data and drive more complete and accurate borrower submissions.
It also provides intuitive tools that allow mortgage lending institutions to create their own borrower experience without any technical know-how.