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 as one of the nation's top-priced DPA lenders. Under the new leadership team, stacked with the industry's top-talent, Open Mortgage Wholesale is committed to offering superior mortgage solutions through its wholesale division, while creating a relationship-based, client-focused culture. Open Mortgage Wholesale provides a wide range of lending options, ranging from an expansive Non-Qm product line, to their innovative DreamBuilder (HEP) Homeownership Empowerment Program, and a variety of compelling Government products with no score, low FICO, and manual underwrite options across FHA, USDA, and VA, as well as traditional Agency Conventional products all designed to support aspiring homeowners.
“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 that is as flexible and innovative as we are. Our commitment to Government lending, Non-QM and Homeownership Empowerment reflects our commitment to serving the underserved. The addition of Lender Price rounds out a year of growth in volume, salesforce, 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:
● 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.
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