Lender Price, the California-based provider of digital lending technology and Mountain West Financial, a southern California-based mortgage lender have announced the successful rollout of Digital Lending Platform (DLP), Lender Price’s online borrower portal for Mountain West Financial.
Lender Price said that DLP is a robust borrower engagement platform that automates and streamlines the mortgage loan application process. The platform integrates with loan origination systems (LOS) to create a seamless environment between the borrower, loan officer, and the lender’s operation staff, resulting in a smoother, more transparent, and faster mortgage closing process.
"Our borrowers want a convenient and easy to use way to engage with us online," said Mike Douglas, CEO of Mountain West Financial. "The reason we chose Lender Price is because their platform gave us the flexibility to create a process that doesn’t have a lot of ‘fluff'. We built an efficient workflow that encourages borrowers to complete the application while also ensuring that information was captured in our LOS in real-time."
DLP features digital verification services for assets, employment and credit reports, which intelligently fill out loan application data and drive more complete and accurate borrower submissions. DLP provides intuitive tools that allow mortgage lending institutions to create their own borrower experience without any technical know-how.
"Our clients include several large banks and mortgage lenders that insist on controlling the borrower experience," said Dawar Alimi, CEO of Lender Price. "We built tools that are specifically designed for non-technical people to create complex workflows within DLP. By giving our clients both the flexibility and control they want, we’re providing a sustainable platform because it can change and adapt to their needs over time."
The deep integration between DLP and Mountain West’s loan origination system provides borrowers visibility throughout the entire origination process. Loan status updates, document uploads, and even pricing engine access were built into the LOS integration. "Our borrowers are happier and it’s a tremendous time saver for our loan officers," said Douglas. "We’ve rolled out to more than 150 loan officers across 30 branches and it’s been extremely successful for us. We know this is going to transform the way we do business."