Lender Price Integrates Product Pricing & Eligibility (PPE) Engine with LendingTree
The integration enables real-time synchronization of mortgage loan pricing with the nation's leading online marketplace.
PASADENA, Calif., March 21, 2019 /PRNewswire-PRWeb/ -- Lender Price, a provider of digital mortgage technology solutions, announced the completion of an integration of their revolutionary Product Pricing & Eligibility (PPE) Engine with LendingTree. The integration with LendingTree allows mortgage lenders to synchronize their loan pricing in real-time with the nation's leading online marketplace for financial services.
Lender Price's PPE technology is designed to process large amounts of pricing data and produce instantaneous responses that satisfy the expectations of today's digitally-connected originators and borrowers. Their PPE generates accurate loan eligibility and pricing decisions in an extremely rapid manner, allowing users to "shape" loan scenarios in a continuous manner and view the resulting changes immediately on screen.
By combining Lender Price's advanced technology with LendingTree's established online marketplace, borrowers and lenders benefit from a partnership that delivers fast and accurate mortgage quotes, furthering LendingTree's mission to provide consumers with a broad array of information and tools at no cost.
"Lender Price's easy on-boarding and flexible loan price configurations will enable LendingTree to further expand our lender network to support lenders of all different sizes," said Mehul Trivedi, senior director of platforms and product management at LendingTree. "Lender Price's technology capabilities and versatility make it even easier for LendingTree to access digital pricing and present real-time offers from a diverse lender network to our online borrowers, bringing more choice and transparency into the loan process."
"Lender Price's architecture and technology stack make complex pricing decisions seamless and easy. Our advanced algorithms make creating pricing rules using natural language rather than using control flow logic like If-then statements," said Dawar Alimi, CEO of Lender Price. "We're thrilled to be a partner with LendingTree and look forward to an enormously beneficial relationship in the future."
About Lender Price
Lender Price is a California-based big data technology innovator and developer of digital mortgage lending technology, including the Digital Lending point-of-sale (POS) tool and an advanced product pricing & eligibility (PPE) engine. Lender Price provides all types of mortgage lending institutions – wholesale and correspondent lenders, banks, credit unions and mortgage brokers – with advanced technology designed to eliminate friction, increase transparency, and effectively engage with borrowers. For more information, visit https://lenderprice.com and https://digitallending.com.
SOURCE Lender Price
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