Company says the software offers a "democratic approach to pricing"
GPARENCY has rolled out a new commercial real estate lender listing tool, Match to Lender, enabling borrowers to search lenders by loan and property type.
With Match to Lender, users can access all originators in their state free of charge until the end of June. After June 30, the software will only display GPARENCY lender partners. Borrowers who have GPARENCY membership will continue to have access to the open-source lender listing.
In a Press release, GPARENCY said the software is a “complete departure from an endemic, legacy system where mortgage brokers would keep originator contacts close to the vest, and use that opacity to justify steep, commission-based fees.”
“We knew when we started GPARENCY, it would turn the CRE industry upside down, in the best possible sense. We’ve created a democratized approach to pricing based on set fees, instead of bloated and opaque pricing using a mortgage broker,” said Ben Schweitzer, founder and chief product officer of GPARENCY. “With a hawkish Fed, market volatility and rising interest rates, a sea change is occurring. We welcome lenders to take this opportunity to get on our platform and see how many more deals they can originate with GPARENCY. We are the future of how CRE deals will be done going forward.”