PASADENA, Calif., October 5, 2022 – Lender Price, a provider of mortgage loan pricing and origination technology, announced today that Deephaven has joined the Lender Price Marketplace to offer their unique programs to Lender Price brokers and NDCs that utilize the Lender Price Platform.
Deephaven, headquartered in Charlotte, North Carolina, is one of the nation’s largest lenders of non-QM loan programs. Their mission is clear and simple: To provide innovative mortgage products to the millions of borrowers underserved by the traditional mortgage industry. Deephaven champions those mortgage borrowers whose independence, entrepreneurial drive and determination are often the very reason why they can’t qualify for a traditional loan.
The Lender Price and Deephaven partnership will provide brokers and lenders with enhanced pricing capabilities. Lender Price’s advanced, yet simple-to-use technology is designed to help find the most competitive loan programs in the market.
Lender Price offers Marketplace 2.0, one of the largest communities of brokers in the mortgage industry and is 100% FREE to the wholesale broker community. The Lender Price Marketplace pricing engine user base has grown dramatically over the past 12 months with the fastest growth attributed to the addition of lenders like Deephaven.
With Marketplace 2.0, mortgage brokers can:
- See pricing across existing lenders and marketplace lenders inside one place
- Run rate comparisons and send them to borrowers from anywhere in the world
- Add rate sheets once and the system automatically updates them moving forward
- Gain deeper access to non-QM, non-agency, DSCR and home equity products
- Create custom rate alerts and be alerted when new opportunities arise
- Discover and get access to a deeper set of loan programs
- Find loans that compete with all-cash offers and share them with realtors
- Eliminate monthly costs to price loans and move away from legacy technology
More information about Lender Price and Marketplace can be found at https://LenderPrice.com/marketplace.
About Lender Price
Lender Price delivers a cloud-native product and pricing engine (PPE), automated underwriting system (AUS), and analytics suite. Built on a modern tech stack, our solutions are faster, more configurable, and easier to integrate, which drives workflow efficiencies, compliance, and price optimization. More information can be found at https://lenderprice.com/.
About Deephaven
Deephaven was founded in 2012 to provide mortgages to the millions of Americans who, for one reason or another, are unable to qualify for a traditional, government-backed loan. Technically, we are a non-agency or non-QM mortgage lender. We prefer to say we are a pro-borrower mortgage lender. That means we use ingenuity and common sense, instead of a narrow set of criteria, to qualify borrowers’ incomes and creditworthiness. We offer our loans through a network of 1,000+ independent mortgage brokers. We also buy loans from more than 200+ correspondent partners. Deephaven is headquartered in Charlotte, North Carolina and is owned by Pretium, a highly specialized investment manager focused on real estate, mortgage finance and corporate debt.
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