Lender Price Expands Loan Repricing Solution to IMBs and Credit Unions
Lender Price has expanded its enterprise-grade loan repricing and recapture solution to Independent Mortgage Banks (IMBs) and credit unions via a new self-service portal. The platform previously served major banks and servicers.
Pasadena, Calif. – Lender Price announced the launch of a new self-service portal, extending its enterprise-grade loan repricing and recapture platform to Independent Mortgage Banks (IMBs) and credit unions of all sizes. The platform has been processing hundreds of millions of loan scenarios monthly for the nation's top banks and servicers.
The new self-service Annual Percentage Rate (APR) portal allows smaller and mid-sized financial institutions to access advanced tools for offering existing customers new loan terms. This capability aims to facilitate loan recapture and enhance customer retention.
Lender Price stated that the expansion is designed to provide IMBs and credit unions with a competitive edge in a fluctuating interest rate environment. The solution enables these institutions to better manage their loan portfolios and maintain customer loyalty.
Previously focused on serving large banks and mortgage servicers, this move signifies Lender Price's strategic effort to broaden its market reach. The company aims to equip smaller financial institutions with tools to compete more effectively.
The introduction of the self-service portal is expected to help IMBs and credit unions streamline their operations and improve their ability to offer competitive loan products to their client base.