What does LIONs online service provide?
The service provides wholesale mortgage rate, fee, and program information daily through LION’s password-protected, subscription-based Web portal, www.lioninc.com. LION operates nationally, maintaining 26 separate databases with program and rate information organized regionally to account for variations around the country. Originators enter information about the loan that they are seeking and LION’s Loan SearchTM quickly identifies the programs that meet the needs of their client. More than 450 wholesale mortgage lenders and 4,800 originators participate in the service, with over 500 new originators signing up each month. The LION databases contain over 11 million loan pricing variances and over 11,000 wholesale lender programs.
