Tie-up allows brokers to access products and technology in the platform
Pennymac TPO has partnered with ARIVE, a loan origination platform and wholesale marketplace for mortgage brokers and non-delegated correspondent lenders.
The wholesale giant is now integrated into the ARIVE platform, which connects independent brokers with lenders, borrowers, and third-party vendors.
Commenting on the tie-up, Kim Nichols, senior managing director of Pennymac TPO, said the integration “supports our efforts to provide a best-in-class experience for our partners. By providing more access to technology, we enable our broker and non-delegated partners and help their businesses scale and achieve higher levels of greatness.”
“We look forward to providing continued support to contribute to the success of our TPO Partners,” she added.
“We’re thrilled to welcome Pennymac TPO as an integrated lender partner to our growing family of ARIVE partners,” ARIVE chief executive Harish Tejwani said in a news release. “Pennymac TPO offers vast experience in wholesale lending and is focused on helping brokers achieve solid and sustainable growth while delivering top-notch service.”
Earlier this year, Pennymac rolled out POWER+, a new product designed to give brokers more speed, control, and transparency in the loan process. The launch comes on the heels of the company’s rebranding to focus on the third-party originator (TPO) market.
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