Price Loans provides a mobile platform that aggregates over 2,500 non‑qualified mortgage (Non‑QM) products from major Wall Street banks, insurers, and asset buyers. The app delivers instant eligibility, pricing, and automated underwriting results for full‑doc, alt‑doc, and DSCR loans up to $5 million, supporting borrowers with credit scores as low as 660. By enabling brokers to search, upload documents, and lock rates within seconds, the solution reduces costs by about 30% and speeds up loan closings for self‑employed and other non‑traditional borrowers.
Funding
Funding not disclosed
Founders
Product
Problem
Mortgage brokers often face fragmented access to non‑qualified mortgage (Non‑QM) products, requiring manual searches across multiple lenders, which leads to higher costs, longer closing times, and difficulty finding suitable programs for self‑employed or non‑traditional borrowers.
Solution
Price Loans offers a mobile platform that aggregates over 2,500 Non‑QM mortgage products from major Wall Street banks and insurers. The app provides instant eligibility checks, pricing, and automated underwriting results for loan amounts up to $5 million, supporting full‑doc, alt‑doc, and DSCR loans with credit scores as low as 660. Brokers can register, upload documentation, and lock rates within seconds, streamlining product selection and execution. The platform’s extensive product scope and real‑time pricing enable brokers to achieve roughly 30% lower costs and faster closings. Integrated features such as flexible bank‑statement documentation and asset‑depletion options further expand financing possibilities for self‑employed and non‑traditional borrowers.
Target Audience
Primary customers are mortgage brokers and wholesale lenders who need rapid access to a wide range of Non‑QM loan programs for self‑employed, non‑traditional, and high‑value borrowers.
Features
- Search across 2,500+ Non‑QM products from top Wall Street banks, insurers, and asset buyers
- Instant eligibility, pricing, and automated underwriting (AUS) results on mobile
- Support for full‑doc, alt‑doc, and DSCR loans up to $5 million with credit scores as low as 660
- Ability to register, upload documents, and lock rates within seconds
- Flexible documentation options including 12‑ or 24‑month bank statements and asset‑depletion verification
- DSCR coverage options ranging from 75% to 100% and unlimited cash‑out up to 65% LTV
- Both full‑recourse and non‑recourse structures available