There are two categories of lenders in ARIVE:
Integrated Lenders are directly supported in ARIVE’s PPE with live Products and Pricing. A current list of the integrated lenders is visible within the Lender tab under Company settings.
If your company is approved with an integrated lender then this lender’s live pricing will be visible in the product and pricing tab. For the wholesale channel, your company's lender paid compensation will be in ARIVE when pricing Lender Paid. If approved for the non delegated correspondent channel, the rates will be live in ARIVE.
If your company is not approved with an integrated lender, they will show as a marketplace lender in the Lenders tab and also in the marketplace tab
Manual Lenders, are those lenders your company does business with who are not integrated in ARIVE. Live pricing and electronic loan registration is not supported and therefore the rate and price can be manually entered in the PPE results screen as well as and inside the loan. Manual lenders should be added to the manual lender list within the Lenders tab and managed by Company or Branch Admins.
Integrated Lenders
Each business day our PPE Team receives an approved customer list from each of our Integrated Lenders. If your company appears on this list, you will see the lender in your Approved Lenders, and will receive up to date pricing for these Lenders.
If your company is approved with an integrated lender then this lender’s live pricing will be visible in the product and pricing tab. For the wholesale channel, your company's lender paid compensation will be in ARIVE when pricing Lender Paid. If approved for the non delegated correspondent channel, the rates will also be live in ARIVE.
For new lender relationships, there is an automated process between ARIVE and our integrated lenders, and you should usually see the lender added one business day (in rare cases two) after you are approved and active in the lender's portal.
In addition to Live Pricing, Integrated Lender Partners also provide
- Compensation Amounts - matching your Broker Agreement
- Lender Specific Fees
- Mortgagee Clauses
As an Owner and or Company Admin you have the ability to
- View, Edit, delete or add additional compensation
- Manage the Lenders in your ARIVE Pricing Engine
If your company is not approved with an integrated lender, they will show as a Marketplace Lender in the Lenders tab.
Marketplace lenders can be toggled ON or OFF inside the Lender tab. If toggle is OFF and you have disabled the lender from the marketplace, then their pricing will not be visible to users in the PPE.
Marketplace Lenders toggled on will be available in the marketplace tab in the PPE results screen. This will include a direct link to the Lenders TPO Broker Sign up page.
Video of Marketplace pricing in action