Lender Price Launches Advanced "APR" Recapture Solution to Enhance Mortgage Retention
Lender Price has unveiled a groundbreaking mortgage solution named APR, short for "Analyze, Price, and Recapture," aimed at empowering mortgage lenders and servicers with innovative tools for portfolio management and borrower retention. This advanced platform allows real-time analysis and repricing of entire loan portfolios, helping to uncover lucrative recapture opportunities and generate tailored offers that enhance customer engagement.
The APR solution builds on the company’s successful Base Price Solution (BPS) and offers a comprehensive suite for optimizing pricing strategies. It integrates real-time market data to provide precise price estimates that facilitate rapid loan repricing. As a result, leading lenders across the nation are currently using APR to evaluate hundreds of millions of loan scenarios per month, achieving over 10% in immediate loan origination opportunities, significantly bolstering revenue and profitability.
Paul Orlando, Chief Strategy Officer at Lender Price, emphasized the solution’s potential to transform how servicers identify refinance opportunities and reconnect with existing clients. "With APR, servicers can quickly reprice thousands of loans and deliver personalized offers powered by real-time market insights," he explained, adding that the platform streamlines the retention process, enabling lenders to proactively engage borrowers before competitors do.
Key Features of the APR Solution:
- Portfolio-Wide Repricing: Analyze and reprice entire portfolios in real time, revealing refinancing and retention prospects.
- Targeted Borrower Engagement: Move away from generic marketing to deliver custom offers based on individual loan characteristics and current pricing.
- Automation & Efficiency: Reduce manual comparison tasks and save on operational costs through automation.
- Enhanced Recapture Strategies: Equip retention teams with timely, accurate pricing insights for effective borrower outreach.
Dawar Alimi, CEO of Lender Price, reiterated the company’s commitment to modernizing portfolio management. "APR represents a significant advancement in our mission to provide state-of-the-art pricing technology that enhances both borrower satisfaction and business performance."
The APR solution is now available for mortgage lenders and servicers looking for an enterprise-grade approach to improve portfolio management and retain existing customers. For more details, visit Lender Price’s official website.
