Strong growth in Marketplace user base is attracting more wholesale lender participation. Home Point Financial is the sixth lender to join over the past four months.
October 22, 2019 – Lender Price, a provider of mortgage loan pricing and origination technology, announced today that Home Point Financial has been added to their Marketplace pricing engine. Home Point Financial is a multi-channel lender based in Ann Arbor, Michigan, that lends in all 50 states.
The Lender Price Marketplace pricing engine has grown rapidly since May 2019. Originally introduced at the NAMB National Convention in 2018, the Marketplace has become a go-to resource for mortgage brokers to search prevailing pricing from multiple wholesale lenders. The addition of Home Point Financial increases the total number of wholesale lender partners to twenty-five.
“The mortgage broker market is thriving and we aim to service them in many ways,” said Paul Wyner, Senior Managing Director at Home Point Financial. “The Lender Price Marketplace is a valued tool for brokers and we see this partnership as an opportunity to increase our visibility and satisfy the needs of our existing customers.”
Lender Price distributes the Marketplace pricing engine through a partnership with the National Association of Mortgage Brokers (NAMB), an industry trade group with over 6,000 mortgage broker members. Together, Lender Price and NAMB offer the Marketplace to all of its members at no cost.
“We’re extremely pleased to partner with Home Point Financial,” said Dawar Alimi, CEO and founder of Lender Price. “In just the past six months, we’ve grown our user base by 400 percent and have added numerous lenders to the Marketplace. This demonstrates the demand that mortgage brokers have for a convenient way to find loan products and lenders such as Home Point Financial that want to reach out to broader customer base.”
More information about Lender Price and Marketplace can be found at www.lenderprice.com and www.nambmarketplace.com.
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 Home Point Financial
Home Point Financial is a national multi-channel mortgage originator and servicer. With the goal of providing a superior customer experience, Home Point has an innovative approach to lending, focusing on speed, quality and consistency for customers and partners. This includes keeping over 95% of originated loans for in-house servicing, a cornerstone of their Customer For Life approach.
Located in Ann Arbor, MI, Home Point Financial is a subsidiary of Home Point Capital LP, a financial services holding company founded in 2014 and owned by members of management and by investment funds managed by Stone Point Capital LLC. For further information about Home Point Financial, please visit www.homepointfinancial.com.
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