How to Set Up/Run Lender Price Pricing Engine.

This article will summarize how to set up and run Lender Price. Lender Price offers 3 levels of pricing.

LEVEL 1: FREE

Lender Price offers their marketplace product at a generic level with no need to sign up and create a login. Pricing will display promotional rates from the lenders/wholesalers. Specific comps and lender lists won't be supported on this level. 

System admins can go to settings > Pricing Provider > Contacts > Check only Lender Price > Save > Go back into the action and activate the action.

***NO CREDENTIALS ARE NEEDED FOR THIS LEVEL. DO NOT ENTER ANY CREDENTIALS SIMPLY ACTIVATE THE ACTION AND PRICING WILL BE AVAILABLE WITHIN EACH LOAN***

 

PULLING PRICING WITHIN EACH LOAN FILE:

Within each loan users will see a Get Price button in the top right near the tasks button. This will bring up Lender Price's User Interface via iframe. 

 

Users can check and complete fields on the main screen before hitting the search button.

 

 

LEVEL 2: FREE

Lender price will offer their marketplace product with the ability to dial in specific comps and lender lists. each LO at the company can sign up at Lender Price (please retain your username). Lender Price

Users can set their account with their comps and specific lists of lenders here Preferred Lenders

*** Once the username(s) is created please email support@lendingpad.com and include all LOs who will be using Lender Price and we will reach out to Lender Price with the entire list to get credentials to set on their end.***

 

System admin user roles can follow the above procedure for activating the pricing action (Still do not enter a username, password, or client id) and follow the below screenshots for Level 2 username input. 

 

Navigate to the Contacts section within the pricing action (as shown above) and be sure the USER credential source type is set.

 

Each LO can then take their username that has been created and access the actions tab within each of their profiles to enter and save.

***Users can follow the PULLING PRICING WITHIN EACH LOAN FILE procedure outlined in Level 1***

 

 

Level 3: PAID

Lender Price offers private pricing for companies wishing to do so. It would include their marketplace plus other pricing options. Please reach out to Lender Price to inquire. dmcclelland@lenderprice.com

Unlike Level 1&2 Level 3 supports company credentials source type if all LOs work off the same setup. Additionally, this level also supports user credentials source type so each LO can have a dialed-in setup. Navigate to the contacts tab within the pricing action as outlined above. 

***Please note the setup for Level 3 for Company OR User source type credentials. YOU MUST HAVE A USERNAME, PASSWORD, AND CLIENT ID PROVIDED BY LENDER PRICE AND ENTER THEM IN THE CONTACTS SECTION UPON PRICING ACTION SETUP.***

 

If using user credentials source type please ensure each user enters their username provided by Lender Price and enter in their profiles as outlined above for the Level 2 procedure. 

***Users can follow the PULLING PRICING WITHIN EACH LOAN FILE procedure outlined in Level 1***

 

4/14/2024 - View Pricing on locked loans