Lender Price Adds Ability to Connect Mortgage Brokers with Wholesale Lenders in NAMB Marketplace Pricing Engine
"Send to Lender" allows mortgage brokers to instantly send loan scenarios to the lenders they select in the pricing engine system.
PASADENA, Calif. & WASHINGTON, July 17, 2019 /PRNewswire-PRWeb/ -- Lender Price, a provider of digital mortgage technology solutions, and the National Association of Mortgage Brokers (NAMB) announced today the release of "Send to Lender," a new feature added to the NAMB Marketplace digital origination tool that provides direct communication between mortgage brokers and wholesale lenders.
NAMB Marketplace is an online tool developed by Lender Price that is offered to NAMB members free of charge. It features a pricing engine that allows mortgage brokers to search for loan products and compare pricing between multiple wholesale lenders that participate in the NAMB Marketplace. It also includes the ability to instantly send a digital loan application to borrowers directly from the pricing results, providing mortgage brokers with an advanced point of sale tool that was originally designed for large banks and mortgage lenders.
The new "Send to Lender" feature adds the option for brokers to send a loan scenario to a lender directly from the pricing results. Mortgage lenders instantly receive a notification that includes the loan scenario, the selected product and price and the broker's contact information.
"Our goal is to connect mortgage brokers with borrowers and wholesale lenders in an interactive way," said Dawar Alimi, founder and CEO of Lender Price. "With 'Send to Lender' we allow brokers to engage with lenders in an incredibly direct and convenient way. With only three mouse clicks, brokers can send a complete loan scenario inquiry to any lender in the marketplace."
Additionally, NAMB and Lender Price released a new website that contains information about NAMB Marketplace, demonstration videos and a fully automated registration process that creates an account for brokers in minutes. The new website can be found at http://www.nambmarketplace.com.
"We're very proud to offer NAMB Marketplace to our members free of charge," said Rick Bettencourt, president of NAMB. "One of our main goals is to help our members close more loans while reducing, or eliminating the costs associated with running their business. NAMB Marketplace demonstrates our commitment by providing free technology that helps mortgage brokers connect to their borrowers and lenders in an innovative way. We're grateful to have Lender Price as a partner with NAMB."
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.
About NAMB
The National Association of Mortgage Brokers is the voice of the mortgage industry representing the interests of mortgage professionals and homebuyers since 1973. NAMB members include small business owners, loan originators, account executives, and other industry professionals. NAMB provides mortgage professionals with education opportunities and offers rigorous certification programs to recognize members with the highest levels of professional knowledge and education.
As the leading national trade association for this industry, NAMB is affiliated with State Associations throughout the country and represents the interests of more than 910,000* licensed and registered Mortgage Loan Originators and 39,000* licensed mortgage broker and mortgage lender businesses. NAMB's active lobbying and advocacy efforts frequently focus on national and state issues. The Association hosts several meetings throughout the
year. https://www.namb.org/
SOURCE Lender Price
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