Lender Price, a leading provider of mortgage loan product and pricing technology, announced today the release of Base Price Solution, a revolutionary pricing tool designed to help banks, lenders, and credit unions optimize their pricing strategies.
PASADENA, Calif., May 21, 2023 /PRNewswire-PRWeb/ — Lender Price, a leading provider of mortgage loan product and pricing technology, announced today the release of Base Price Solution, a revolutionary pricing tool designed to help banks, lenders, and credit unions optimize their pricing strategies.
Base Price Solution, or “BPS” for short, is a powerful tool that provides lenders with the ability to automate the calculation of base pricing, which reduces the complexity of having to manage multiple spreadsheets to calculate pricing from market swings. In addition to greater efficiency, more accuracy, and real-time pricing updates to changing market conditions, BPS provides full transparency for regulators and auditors. The feature is specifically designed for capital markets and secondary marketing teams that want to ensure they are priced competitively while maximizing their profits.
With BPS, lenders can:
- Receive direct integration with top market data providers
- Set up pricing plans for different types of products
- Reference buy-up and buy-down tables as well as MSR servicing grids
- Manage channel-based subsidies at the coupon level
- Provide complete traceability for regulatory or audit reasons
- Reprice within minutes during market swings
- Recall any committed pricing date to the history screen for reference or audit purposes
- Easily manage and adjust pricing for multiple products or services
- Gain insights into market trends and competitor pricing strategies
- Increase profitability by identifying the optimal pricing for each product or service
- Save time and reduce the risk of manual errors with automated pricing updates
“We are excited to launch Base Price Solution, a game-changing pricing tool that will help banks, lenders, and credit unions improve their pricing strategies and drive profitability,” said Dawar Alimi, CEO at Lender Price. “BPS offers a unique combination of insights and custom pricing rules, providing businesses with the ability to enhance internal processes, drive efficiency, and optimize their pricing strategies.”
Lender Price is committed to delivering innovative solutions that redefine how the industry operates. With the addition of BPS to the platform, Lender Price customers will continue to be at the forefront of mortgage technology.
About Lender Price
Lender Price delivers a cloud-native product and pricing engine (PPE) and automated underwriting system (AUS) to top banks, lenders, credit unions, and mortgage brokers. Built on a modern technology stack, our innovative solutions are user-friendly, configurable, and easier to integrate, resulting in improved workflow and pricing efficiencies. Awarded 2022 Technology Provider of the Year by the National Association of Mortgage Brokers and HousingWire TECH100 Winner seven years in a row, our proven pricing and product management platform is assisting the industry by reducing operational costs, enhancing productivity, and increasing profitability. We are committed to helping our clients win more business and uncover additional opportunities through our advanced technology. Visit us at https://lenderprice.com/ for more information.
Rick Webster, Lender Price, 1 626-486-0171, [email protected]
SOURCE Lender Price