Lender Price Introduces AI Agents for Pricing Accuracy
Lender Price is deploying new AI agents to automate operational tasks in mortgage pricing, enhance accuracy, and speed up implementation while retaining expert oversight.
Pasadena, Calif. – Lender Price, a provider of mortgage product and pricing technology, has introduced POD AI Agents. This new AI capability is designed to automate operational work behind pricing updates, improve accuracy, and accelerate implementation, while preserving expert review and governance.
The POD AI Agents learn and execute repeatable steps performed by Lender Price's pricing teams when investors publish changes to rates, loan-level price adjustments (LLPAs), product eligibility, and programs. Operating within defined guardrails and approval workflows, the agents can interpret incoming information, prepare and validate system updates, and identify exceptions.
"In mortgage pricing, accuracy is the foundation," said Dawar Alimi, CEO of Lender Price. "POD is not about replacing the people who understand mortgage products; it is about giving them AI agents that can take on the painstaking, repeatable work. The outcome we are pursuing is unparalleled pricing accuracy."
The company expects POD to significantly reduce manual entry errors and improve the consistency of routine investor updates. Targets include up to a 90% reduction in manual touchpoints and up to 75% faster preparation and validation of updates.