Mortgage software provider Lender Price has released FLEX Pricer, a new pricing platform designed for non-QM lenders.
The new tool enables non-QM and non-agency lenders to market their products and pricing in a fast and convenient manner online.
The new offering supports all types of loan products but is most effective with non-QM loans due to its configurable interface.
Lenders can create their own non-QM loan pricing search tool without the complexity and cost of custom development.
“Most pricing engines have poor support for non-QM products,” says Dawar Alimi, CEO and founder of Lender Price, in a release. “As a result, non-QM lenders have limited options to market their products to brokers or borrowers. Many resort to building their own search tool with limited or no pricing capabilities. Our FLEX Pricer solves these problems and goes even further by allowing lenders to customize their interface to support a wide variety of non-QM criteria.”
FLEX Pricer leverages the Lender Price PPE and adds a new capability to easily create custom criteria relevant to non-agency, non-QM and other niche lending products.
A flexible user interface enables lenders to easily add custom criteria to the search bar, making it easy and convenient for originators to find and price non-agency loans.
In essence, lenders can create their own custom user interface on the fly and can deploy different pricing interfaces based on channel, loan product, broker tiers, branches, etc.
FLEX Pricer can be configured for retail environments as well.