Curinos, a global data intelligence business serving financial institutions across lending, deposits and digital banking solutions, recently announced a partnership with Lender Price, a provider of mortgage pricing technology and cloud-native digital lending solutions, according to a press release.
This strategic partnership will enhance Lender Price’s Enterprise Pricing Engine by incorporating Curinos’ LendersBenchmark Analyzer solution and its pricing analytics, which examines lending performance in near real-time against a market consortium.
This will drive actionable insights that enable mortgage lenders to positively impact margin management in an increasingly competitive landscape, leaders said
“This collaboration comes at a critical time when banks and mortgage providers are under pressure to gain market share in an elevated rate environment,” Lender Price CEO Dawar Alimi said in the release. “Partnering with Curinos, known for their intelligent technology, enables lenders to assess their competitive stance accurately and make profitable, data-driven decisions. This collaboration will assist lenders in managing their margins effectively, ensuring not a single basis point is overlooked.”
Integrating Curinos’ comprehensive data into Lender Price’s solutions will give banks, credit unions and mortgage lenders the ability to provide borrowers with accurate rate information and superior pricing in a market where profits are constrained, the company stated.
This partnership will further enhance Lender Price’s suite of analytics solutions.
“The mortgage market is in transition. Volumes are down across the marketplace and competition is rife, with everyone fighting harder to get loans,” Rich Martin, director of real estate lending at Curinos, said. “In today’s landscape, lenders’ focus should be on optimizing margins by using granular pricing strategies. We’re delighted to secure this partnership with Lender Price, enabling its customers to more effectively price products through use of our data and analytics.”