is an online tool developed by Lender Price that is offered to NAMB members free of charge. It features a pricing engine that allows mortgage brokers to search for loan products and compare pricing between multiple wholesale lenders that participate in the NAMB Marketplace. It also includes the ability to instantly send a digital loan application to borrowers directly from the pricing results, providing mortgage brokers with an advanced point of sale tool that was originally designed for large banks and mortgage lenders.
The “Send to Lender” feature adds the option for brokers to send a loan scenario to a lender directly from the pricing results. Mortgage lenders instantly receive a notification that includes the loan scenario, the selected product and price and the broker’s contact information.
“Our goal is to connect mortgage brokers with borrowers and wholesale lenders in an interactive way,” said Dawar Alimi, founder and chief executive officer of Lender Price. “With ‘Send to Lender’ we allow brokers to engage with lenders in an incredibly direct and convenient way. With only three mouse clicks, brokers can send a complete loan scenario inquiry to any lender in the marketplace.”
Additionally, NAMB and Lender Price released a new Web site, NAMBMarketplace.com
, that contains information about NAMB Marketplace
, demonstration videos and a fully-automated registration process that creates an account for brokers in minutes.
“We’re very proud to offer NAMB Marketplace to our members at no cost,” said Rick Bettencourt, president of NAMB. “This is the type of technology that mortgage brokers need because it truly simplifies the origination process. One tool connects brokers directly to borrowers and lenders for the sole purpose of obtaining a mortgage loan. We’re grateful to have Lender Price work with us on this amazing solution.”