Lender Price is launching a new Web-based product and pricing engine (PPE) for the mortgage industry.
The new PPE – which offers mobile functionality and advanced business intelligence – allows wholesale and correspondent lenders, banks, and credit unions to manage products and pricing for all mortgage types, including conforming, nonconforming, non-qualified mortgage and specialty loans.
It also provides performance features, including real-time, competitive analytics and reporting; customizable loan programs and eligibility; automated compliance checks; customized workflows; and user- and product-level tracking.
In addition, it offers advanced functionality in the areas of margin management, lock desk and secondary marketing management.
“Traditionally, mortgage lenders have navigated pricing decisions with blinders on due to delays and lack of transparency,” said Dawar Alimi, co-founder and CEO of Lender Price, in a release. “Lender Price was designed to optimize lenders’ ability to analyze pricing in real time by removing blind spots across all loan programs and competitors, allowing lenders to optimize their strengths and improve market share.”
The new PPE will be officially announced during the Mortgage Bankers Association’s Annual Convention, to be held Oct. 23-26 in Boston.