RCN Capital Joins Lender Price Marketplace to Showcase Investment-Purpose Loan Programs

byErika Deer

PASADENA, CALIF. MARCH 6^TH, 2023

Lender Price, a leading provider of mortgage loan pricing technology, announced today that RCN Capital LLC has joined the Lender Price Marketplace to offer their unique loan programs to many brokers utilizing the Lender Price platform.

RCN Capital, headquartered in South Windsor, CT, is one of the nation’s top non-QM lenders. RCN’s Non-Delegated Correspondent and Wholesale channels specialize in Non-Agency products including Fix and Flip, Full-Doc Non-QM, DSCR/Rental Financing for single and multi-family properties and Bridge Loans.

“We are thrilled to kick off this opportunity with Lender Price to highlight our unique investment-purpose loan programs in their marketplace,” said Jeffrey Tesch, CEO of RCN Capital. “With ample opportunities in the current real estate market, we are excited to provide independent mortgage professionals access to a wider range of funding options, enabling them to better meet their clients’ needs.”

Lender Price provides lenders with enhanced pricing capabilities and simple-to-use technology designed to help mortgage brokers and loan originators find the most competitive loan programs in the industry.

Logan will be leveraging Marketplace 2.0 by Lender Price, to showcase their products to one of the largest communities of brokers in the mortgage industry. The Lender Price Marketplace user base has grown dramatically over the past 12 months, with rapid growth coming from lenders like RCN Capital looking to get their loan programs in front of more people, and mortgage brokers looking to cut costs and replace legacy pricing technology with Lender Price.

With Marketplace 2.0, originators can:

• See pricing across existing lenders and marketplace lenders inside one place
• Run rate comparisons and send them to borrowers from anywhere in the world
• Add rate sheets once and the system automatically updates them moving forward
• Gain deeper access to non-QM, non-agency, DSCR and home equity products
• Create custom rate alerts and be alerted when new opportunities arise
• Discover and get access to a deeper set of loan programs
• Find loans that compete with all-cash offers and share them with realtors
• Eliminate monthly costs to price loans and move away from legacy technology

More information about Lender Price and Marketplace 2.0 can be found athttps://LenderPrice.com/marketplace.

About Lender Price

Lender Price delivers a cloud-native product and pricing engine (PPE), automated underwriting system (AUS), and analytics suite to top banks, lenders, and credit unions. Built on a modern tech stack, our solutions are faster, more configurable, and easier to integrate, which drives workflow efficiencies, compliance, and price optimization. More information can be found athttps://lenderprice.com/.

About RCN Capital

RCN Capital is a leading, nationwide private lender for real estate investments. Established in 2010, RCN provides investment-purpose loans for the purchase or refinance of non-owner occupied residential properties. The company specializes in short-term fix & flip and bridge financing, long-term rental financing, and new construction financing for real estate investors. For more information on RCN Capital and RCN’s loan programs, visit www.RCNCapital.com.