Online mortgage lead generator LION Inc. — the company behind the Web site Mortgage101.com — says it has signed up five new lenders as clients.
The lenders were not named. Seattle-based LION said three of the new clients had signed up to use Precision MTS, a suite of products designed to drum up business while reducing transaction costs. Precision MTS includes wholesale, retail and correspondent lender Web sites; productivity software; interest-rate risk management technology; and a product eligibility and pricing engine designed to provide access to real-time price information to manage loan registration and interest-rate-lock transactions.
LION said it also signed two hedge advisory customers for its Tuttle Risk Management Services product, designed to help financial institutions that originate and sell loans in the secondary market manage risk. The two unnamed lenders together generate more than $120 million in mortgage volume, Lion said in a press release.