Who is Lender Price?
Lender Price delivers superior cloud-native technology to top banks, lenders, credit unions, and mortgage brokers. Built on a modern technology stack, their innovative solutions are user-friendly, configurable, and easier to integrate, resulting in improved workflow and pricing efficiencies.
Integration type: Productivity
What will the Floify—Lender Price Integration support?
Floify's integration with Lender Price will allow for you to quickly search for up-to-date product and pricing to present your borrowers with accurate and timely loan information.
- Real-time access to a comprehensive range of mortgage products and their pricing option, increased day-to-day efficiency, speed, and costs.
- Brokers can take a loan app and it seamlessly integrates 1003 data into their pricing engine. No exporting files, logging in to a new system, re-entering data, and then emailing results. It’s all in one platform.
How to Set Up and Use
The Lender Price Integration will require some additional set up steps with LenderPrice and Floify. Please reach out to support@floify.com first in order to have us point you in the right direction.
Company-Level Setup
From the team pipeline, choose the team name in the upper right-hand corner and select the option to navigate to the Company Dashboard:
Navigate to Company Settings and select the Integrations tab:
Scroll down to Product & Pricing Integration and select the option to Edit Product & Pricing Integration:
Select Lender Price from the Provider and press Next:
Enable the integration for your teams and enter your LenderPrice API Key and Company ID. Make sure you select Save to confirm the changes:
Team-Level Setup
Once this is enabled at the Company-Level the team pipeline, navigate to Settings and select the Integrations tab:
Scroll down to Lender Price Product & Pricing and select the option to Edit Lender Price Product & Pricing Integration:
Select the option to enable it for the team, s and enter your Lender Price User ID. Make sure you select Save to confirm the changes:
Success! Within the loan flow, you will now see an option to select Product and Pricing:
Using Lender Price
After selecting the Product & Pricing option, the product and pricing page has a section of filters which will auto-populate with any data that was entered in the loan application. There are also advanced filters available if you select 'More Fields':
Once all the required fields have been filled in, you can select the Search button to perform a search. The results will be displayed below:
Borrower Rate Sharing
Lenders can browse rates from Lender Price and share those rates directly with potential borrowers, including estimates for taxes, HOA fee, etc. to provide a reasonably accurate estimate of their final payments in their new home.
When you hover over a row, you will see some buttons appear near the right-hand side. Among these, you will see an option to Share With Borrower:
Clicking the Share With Borrower option will present a new window:
Add any details applicable to the quote breakdown. This will allow you to add additional notes and opt to email the borrower(s) a link to Floify:
Once the quote is ready, Share Quote can be selected to share and save the quote:
This email will then forward them to the loan flow page and allow then to select the option to view their estimated payment:
You will also be able to update and unshare rates later if needed by clicking on the Shared quotes button:
Click on Edit or Unshare as applicable:
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