Data intelligence business Curinos and mortgage pricing technology provider Lender Price announced a new partnership this week.
The partnership will integrate Curinos’ LendersBenchmark Analyzer and pricing analytics into Lender Price’s Enterprise Pricing Engine.
Curinos made its Finovate debut last year at FinovateSpring 2023 in San Francisco.
Data intelligence business Curinos and mortgage pricing technology provider Lender Price have announced a strategic partnership this week. Per the agreement, Lender Price will incorporate Curinos’ LendersBenchmark Analyzer solution and pricing analytics into its Enterprise Pricing Engine. This will enable Lender Price to offer actionable insights to mortgage lenders that will positively impact margin management and help them gain market share.
Lender Price CEO Dawar Alimi underscored the competitive challenges of the modern mortgage environment, an environment characterized by, among other things, elevated interest rates. “Partnering with Curinos, known for their intelligent technology, enables lenders to assess their competitive stance accurately and make profitable, data-driven decisions,” Alimi said. “This collaboration will assist lenders in managing their margins effectively, ensuring not a single basis point is overlooked.”
The integration will make it easier for community banks, credit unions, and mortgage lenders to give borrowers accurate rate information and superior pricing. During times of uncertain interest rates, growing competition among lenders, and a shortage of homes, solutions that help financial institutions manage their margins can be crucial. These solutions not only boost business but also attract and retain customers, leading to positive and profitable relationships.
“In today’s landscape, lenders’ focus should be on optimizing margins by using granular pricing strategies,” Curinos Director of Real Estate Lending Rich Martin said. “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.”
Founded in 2021, Curinos was born out of the merger of Novantas and Informa’s FBX business. The goal was to bring the two entities’ combined expertise and innovation to deposits, lending, and digital experiences in financial services writ large. Headquartered in New York, the company made its Finovate debut last year at FinovateSpring in San Francisco, California. At the conference, Curinos demoed its Amplero Personalization Optimizer, a solution designed to facilitate high-impact banking use cases. The solution leverages machine learning and patented marketing automation to empower teams to deliver hyper-personalized, omnichannel, digital experiences in minutes rather than months. The company notes that the Amplero Personalization Optimizer has enabled marketing teams to realize thousands of incremental dollars in customer lifetime value.
Curinos’ partnership news with LenderPrice comes just days after Curinos announced that Achieva Credit Union will be the first customer for its Deposit Optimizer Essentials system. This technology helps credit unions and community banks manage member and customer deposits more efficiently by leveraging state of the art analytics to reach funding targets.
Specifically, Curinos’ Deposit Optimizer Essentials gives early warning indicators and alerts to help community banks and credit unions secure higher deposit growth at lower marginal costs by enabling them to diagnose deposit performance and optimize product strategies and pricing levels. “As rates shift, we needed a robust, easy-to-navigate solution, enabling us to react quickly and efficiently to changing market conditions,” Achieva Product Development Manager Veronica Schornheuser said.
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