Constellation Mortgage Solutions Partners with Lender Pricing

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The integration of the Lender Price product and the pricing engine allows CMS customers to search, price and lock in mortgages in real time.

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Mortgage origination and management software provider Constellation Mortgage Solutions (CMS) has partnered with product and pricing engine Lender Price to allow customers to search, price and lock in loans in real time.

CMS, which was known as Mortgage Builder when it was acquired in 2019 by Toronto-based Constellation Real Estate Group (CREG), was rebranded in April as part of a campaign to be seen as “the Gold Standard in Mortgage Origination Technology” with this month’s issue. launch of its new loan origination system (LOS), NOVA.

Lender Price‘s integration with NOVA gives users access to a cloud-based product and pricing engine (PPE), an automated underwriting system (AUS) and an analytics suite, the Lenders said. companies by announcing their partnership on Tuesday.

Stephen Ryczek

“Every integration we do is designed to bring best-in-class fintech to our lenders, and our partnership with Lender Price is the latest example of that,” CMS Chairman Stephen Ryczek said in a statement. “In our search for an exclusive PPE partner, Lender Price has demonstrated a best-in-class solution for our new LOS, NOVA, and fully aligns with our vision for the future of lending which outperforms all of our competitors.”

Mortgage product pricing engines automate the process of providing borrowers with personalized loan options based on their unique credit, income and other circumstances, allowing them to lock in rates. Lender Price is a cloud-native software-as-a-service (SaaS) pricing engine.

By partnering with CMS, Lender Price beat competing PPE solutions like Black Knight’s Optimal Blue, Zillow Group’s Mortech and OpenClose’s DecisionAssist. Black Knight also provides a product and pricing engine in its Compass loan origination system, as does ICE Mortgage Technology, provider of the Encompass loan origination system.

Launched in 2015 and based in Pasadena, Calif., Lender Price claims to be the most flexible pricing engine on the market, offering product pricing and eligibility for all types of loans, including non-compliant, non- QM, hard money and home equity.

Dawar Alimi

“We are absolutely thrilled to partner with Constellation Mortgage Solutions,” Lender Price Founder and CEO Dawar Alimi said in a statement. “Together, we are committed to providing our users with the best lending pricing technology. Our combined efforts will help deliver a superior user experience for CMS customers.”

CMS’ parent company, Southfield, Michigan-based Constellation Real Estate Group has a portfolio of brands including Market Leader, TopProducer, Real Estate Digital (RED), Smartzip and Constellation1, which in April signed a deal with Redfin to power home search and other SEO services in the company’s new markets.

CREG is a division of Constellation Software Inc., a Toronto Stock Exchange-listed company with a market capitalization of $29 billion (C$39.8 billion).

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