Lender Price receives strategic investment led by Argentum to support rapid growth – The Durango Herald
Platform processes over $ 20 billion in blocked loan volumes per month, helping mortgage lenders close more loans and optimize prices
PASADENA, Calif., October 12, 2021 (SEND2PRESS NEWSWIRE) – Lender Price, a leading provider of cloud-based mortgage pricing and digital lending solutions, today announced that it has received a strategic investment led by Argentum with the participation of First Analysis and existing investor Costner Lake Investments. The investment will further accelerate Lender Price’s rapid growth by supporting product development, sales and marketing, and customer service capabilities.
Many mortgage originators and lenders are using decades-old technology to run their core businesses, resulting in costly process inefficiencies and missed revenue opportunities. Lender Price’s innovative technology allows lenders to easily manage and streamline key elements of the mortgage process, including origination, pricing, underwriting and secondary marketing. Along with additional functionality, Lender Price products are built on a modern technology stack that makes them faster, more configurable and easier to integrate than competitive solutions.
Lender Price’s suite of SaaS solutions is powered by an advanced enterprise product, pricing and eligibility (EPP) engine that enables lenders to make pricing adjustments across all of their channels in real time. The pricing engine powers the company’s other automated mortgage solutions to create a tightly integrated digital lending platform that also includes: a marketplace connecting brokers with discounted rates from hundreds of wholesale lenders, a digital point of sale that simplifies the creation process; and a unique underwriting and pricing engine for Non-Agency Mortgages (FLEX).
Currently, Lender Price supports over 150 lenders, thousands of brokers and over 50,000 loan products. While serving clients of all sizes, he works with some of the nation’s largest lenders including Mr. Cooper, Flagstar Bank, American Financial Resources (AFR), PennyMac, Rocket Mortgage, Freedom Mortgage, several non-agency lenders. and two of the top ten commercial bank mortgage lenders.
“This investment will strengthen our ability to deliver cutting-edge technology and services that meet the growing needs of originators and lenders,” said Dawar Alimi, co-founder and CEO of Lender Price. “Given Argentum’s track record of B2B SaaS business development, fintech background and extensive industry network, we couldn’t be more excited to partner with them to seize the great opportunity. that awaits us. “
Lender Price has grown rapidly in 2021 and recently reported that it processes over $ 20 billion in blocked loan volume each month through its platform.
“Lender Price’s software is essential in helping lenders execute profitable lending strategies quickly and easily. With a highly advanced technology platform and experience supporting a diverse customer base that includes some of the industry’s largest and most sophisticated mortgage lenders, the company helps the mortgage industry modernize their workflows and handle volumes. booming lending, ”said Daniel Raynor, Managing Partner at Argentum.
“From lead to loan lock-in and beyond, Lender Price’s products deliver value every step of the way in the mortgage lending process. We look forward to supporting Dawar and his team as they continue to evolve the business and establish themselves as a leader in origination, pricing and underwriting technology, ”added Sohum Doshi, vice-president. chairman of Argentum, who will join the board of directors of Lender Price in connection with the investment.
About the lender’s price
Lender Price is a California mortgage technology developer, comprising an advanced product, pricing and eligibility (PPE) engine, digital loan point of sale (POS), and agencyless automated underwriting engine. Lender Price provides all types of mortgage lenders – wholesale and correspondent lenders, banks, credit unions and mortgage brokers – with cutting-edge technology designed to eliminate friction, increase transparency and effectively interact with borrowers. You can find more information about the lender’s price at: https://lender chauffage
Argentum is a New York-based private equity firm that helps evolve seeded B2B software, technology service companies, and business services. The firm invests in companies that seek capital to accelerate their growth, finance acquisitions and / or generate liquidity for shareholders. During its 30 years of history, Argentum has invested in more than 90 companies and supported more than 200 complementary acquisitions. To learn more, visit: https://argentumgroup.com/
NEWS SOURCE: Lender’s Price
This press release has been published on behalf of the information source (Lender Price) who is solely responsible for its accuracy, by Send2Press® Newswire. Information is believed to be accurate but is not guaranteed. Story ID: 75850 APDF-R8.2
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