PASADENA, CALIF. January 2, 2025
Lender Price, a leading provider of mortgage loan pricing technology, announced today that Open Mortgage Wholesale has joined Lender Price Marketplace.
Open Mortgage Wholesale is a leading provider of Down Payment Assistance (DPA) loans and ranks among the nation’s top-priced DPA lenders. Under new leadership, with a team of industry experts, Open Mortgage Wholesale is dedicated to delivering superior mortgage solutions through its wholesale division while fostering a client-focused, relationship-driven culture. The company offers a broad range of lending options, including an expansive non-QM product line, the innovative DreamBuilder Homeownership Empowerment Program (HEP), and a variety of compelling government products with no-score, low-FICO, and manual underwriting options across FHA, USDA, and VA, as well as traditional Agency Conventional products. These solutions are designed to help aspiring homeowners achieve their dreams.
“Open Mortgage Wholesale and Lender Price are a natural fit,” says Kimberley Torres, EVP & Chief Lending Officer. “Our unique products are best represented in a marketplace as flexible and innovative as we are. Our commitment to government lending, non-QM, and homeownership empowerment reflects our dedication to serving the underserved. The addition of Lender Price rounds out a year of growth in volume, sales force, underwriting staff, and an outstanding executive team. These additions will fuel our growth in 2025 and beyond.”
Lender Price provides lenders with enhanced pricing capabilities and simple-to-use technology designed to help mortgage brokers and loan originators find the most competitive loan programs in the industry. Open Mortgage Wholesale will be leveraging Marketplace by Lender Price to showcase their products to one of the largest communities of originators in the mortgage industry. The Lender Price Marketplace user base has grown dramatically over the past 12 months, with rapid growth coming from lenders like Open Mortgage Wholesale looking to get their loan programs in front of more people, and mortgage brokers looking to cut costs and replace legacy pricing technology with Lender Price.
With Lender Price Marketplace, loan originators can:
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- 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 can be found at https://www.lenderprice.com/marketplace.
About Open Mortgage Wholesale
Open Mortgage Wholesale’s visionary and dynamic team believes everyone, in all communities, including those who are underserved, deserve accessibility to building generational wealth through facilitating the American Dream of homeownership. Through education, innovation and hard work, Open Mortgage Wholesale is closing the homeownership gap to empower more families to build brighter futures. Our commitment to equitable lending has fueled our drive to create improved access to mortgage financing by offering innovative loan products that continue to open doors beyond the traditional credit box.
At Open Mortgage Wholesale, we pride ourselves on delivering superior service nationwide, striving to make the mortgage process as seamless and efficient as possible for our partners and their clients. Our mission is to be a trusted ally in every step of the lending journey, enhancing the experience for all involved, with a focus on transparency, reliability, and excellence. To learn more, visit www.openwholesale.com.
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About Lender Price
Lender Price delivers superior cloud-native pricing technology to top banks, lenders, credit unions, and mortgage brokers. Built on a modern technology stack, our solutions are user-friendly, configurable, and easier to integrate, resulting in improved workflow and pricing efficiencies. Lender Price’s advanced technology, combined with its deep understanding of the lending landscape, sets it apart from the competition. By leveraging artificial intelligence, machine learning, and data-driven insights, Lender Price equips lenders with the knowledge and resources to make informed decisions and drive growth. Recognized by top industry publications, our award-winning pricing, product and eligibility (PPE) platform continues to lead the industry in advancing capital markets and mortgage pricing technology. Visit us at https://lenderprice.com/ for more information.
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