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Regions Bank Announces Agreement and Investment in Mortgage Fintech Lender Price
Regions Bank has announced a new agreement with fintech mortgage and consumer digital lending technology platform provider, Lender Price. This agreement, which encompasses both a working relationship and an equity investment in the company, promises to provide additional technology and resources for Regions to deploy in its efforts to enhance Regions’ digital lending.
Regions, together with Lender Price, will focus on streamlining Regions’ digital processes and simplifying interactions between bankers, borrowers and the bank. For consumers, the benefits will include fewer information requests, integration of additional data sources for approvals and confirmations, and quicker responses, all of which will help simplify the lending process.
“We have made numerous improvements in the last year to make the customer experience easier – from redesigning our digital applications, to capturing signatures electronically,” said Logan Pichel, Head of Regions Enterprise Operations. “This investment in Lender Price and our working agreement provides important growth capital for Lender Price, aligns our mutual interests in digital transformation and continues to move us toward the goal of making banking easier for our customers.”
“We are excited about our strategic collaboration with Regions Bank and the confidence displayed in our company and our technology products as a critical component to its digital lending experience,” said Jerry Halbrook, CEO of Lender Price.
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