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New York-based Quontic Bank will be adding its Non-Qualifying Mortgage service offering to the Lender Price Marketplace, according to a press release. Lender Price Marketplace specializes in digital mortgage lending technology and features a digital lending point-of-sale tool and a product pricing and eligibility engine.
Lee Ann Casanova, vice president of Mortgage Sales for Quontic Bank believes that being a Federally Chartered CDFI-exempt institution sets it apart from other Non-QM lenders. The bank is looking to expand its footprint across the country by joining the Lender Price Marketplace.
"Our programs such as the Lite Doc (VOE Only /Stated Income) and No Ratio (No Income Verification) open doors for our brokers, and give their borrowers the opportunity to home financing," said Casanova, according to the release.
"Our Marketplace platform’s ability to support Non-QM lending is one reason that brokers come to our Marketplace to find unique and innovative programs such as those offered by Quontic Bank," said Dawar Alimi, founder and CEO of Lender Price.
In late October, Citadel Servicing Corporation also partnered with Lender Price Marketplace to offer its suite of programs through the marketplace.