Lender Price leverages ICE's API capabilities to maximize efficiency
Updating lending systems and technology
Using the latest frameworks, languages and technologies, Lender Price's pricing, product and eligibility engine (PPE) benefits lenders of all sizes. Lender Price develops solutions for old and new problems in record time and works with ICE to deliver them to Encompass® customers. With the Lender Price integration within Encompass®, users can directly access accurate rate information and a wide range of expanded loan types, including agency, non-agency and home equity loan programs. Utilizing a centralized platform that is consistently enhanced to scale with business needs, ICE customers can gain operational efficiency, reduce errors and drive innovation across their respected organizations.
Lender Price uses natural language processing (NLP) that allows clients to create business rules in a simplified environment, just by typing out a rule. Clients are ensured a seamless user experience by integrating Lender Price's intuitive interface with powerful Encompass functionality to be better positioned for increased efficiency and competitiveness.
2024 ICE Innovation Award Winner
Lender Price won the 2024 ICE Lenders' Choice Award for Best Service Provider for working with ICE Mortgage Technology customers to provide a user-friendly product and pricing engine that integrates seamlessly with Encompass through APIs available out-of-the-box. When JP Morgan Chase Bank decided to modernize their loan origination system and selected Encompass, Lender Price worked with them to to develop a comprehensive solution that could own and manage critical features of the mortgage origination process, such as locking, post-lock changes, product changes and price exceptions.
Company profile
- Heaquartered in Pasadena, CA
- Empowering lenders since 2015
- Partner to some of the biggest banks and credit unions in the US
The challenge
When legacy solutions are outdated, new technology and solutions are required to deliver a customer-driven, differentiated and best-in-class experience.
The solution
Eliminate the need for multiple software applications, streamlining and accelerating the loan origination process for clients.
"At Chase, we value innovation and excellence in technology. The integration and partnership between Lender Price and Encompass will be instrumental in driving efficiency and enhancing the user experience. We commend Lender Price for their commitment to delivering innovative solutions that provide a positive impact on the mortgage industry."
Benefits and results
Broad range solutions
Lender Price specializes in working with ICE to provide tailormade solutions to clients with unique challenges.
Reduced
Products and pricing costs
Increased
Performance and efficiency
Seamless
Encompass user experience
Resources
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