Mortgage platform Lender Price teams with Ellie Mae
Cre8tech Labs’ Lender Price, a digital mortgage platform that provides a product pricing and eligibility engine, has partnered with Ellie Mae, reports David Penn at Finovate.
The California-based company will integrate its technology with Ellie Mae’s all-in-one mortgage management solution, Encompass. “Our pricing engine coupled with our real-time competitive analytics platform provides actionable insight into competitor pricing,” Cre8tech Labs president and CIO Dawar Alimi says.
Lender Price gives mortgage loan originators an accessible marketplace to price mortgage loans with hundreds of lenders in real-time.
The company’s PPE engine can handle producing pricing and eligibility across all mortgage products including conforming, non-conforming, specialty loans, and hard money.
In terms of another deal, in March, Finicity announced that it was integrating its digital verification technology into Ellie Mae’s Encompass solution.
Founded in 2015, Lender Price has more than 85 partners and more than 30,000 registered users. Lender Price also recently partnered with Black Knight to integrate its LoanSphere Empower LOS into Lender Price’s POS solution.
In March, Ellie Mae launched its Encompass Data Connect solution, which provides mortgage lenders with real-time data to help them make better lending decisions.
