Technology provider Lender Price announced the release of Marketplace 2.0, a major enhancement to their Broker Marketplace platform, one of the largest communities of wholesale brokers in the mortgage industry.
Created to match lenders with mortgage brokers looking to find the best rates and loan products for borrowers in a volatile market, Marketplace 2.0 gives brokers the ability to pull in pricing from their existing lender relationships automatically and run pricing comparisons of participating Broker Marketplace lenders. Eliminating a lengthy signup process and a monthly fee, Marketplace now helps brokers instantly see all of their lenders and marketplace lenders inside a single location, Lender Price said.
Brokers can also quickly add comp and rate sheets and receive accurate pricing without a monthly fee moving forward, invite borrowers to see tailored products and scenarios from inside the system, and create custom rate alerts and be alerted when new opportunities arise, among other features.
Wholesale lenders will have the ability to offer product and pricing to additional brokers outside of their current network, easy access to specific programs, and detailed analytics on broker pricing behavior, among other features.