Month: August 2017

MortgageHippo Leverages Optimal Blue’s API to Bring Transparency to the Loan Process

MortgageHippo has partnered with Optimal Blue to help clients deliver a wholly transparent borrower experience with accurate loan programs and rates in real-time using the Optimal Blue API. This enterprise integration allows MortgageHippo clients to customize their own pricing configurations seamlessly for the benefit of borrowers through the Optimal Blue platform.

“Today’s consumers want transparency in their mortgage process, especially through digital channels where they are likely shopping around,” said Valentin Saportas, CEO of MortgageHippo. “Our integration with Optimal Blue enables lenders to maximize conversions by giving those borrowers what they are looking for: accurate loan programs, rates and closing costs in real time.”

Optimal Blue’s best-in-class eCommerce platform consumes product and pricing content from the industry’s largest network of investors, provides intelligent selection and customization of that content as desired by lenders, and distributes the personalized results to leading technology providers via RESTful APIs – wherever, whenever it matters most.

“Borrowers want a mortgage process where they know they have the latest and most accurate information at their fingertips,” said Bob Brandt, Vice President of Marketing & Alliances for Optimal Blue. “By integrating with Optimal Blue, MortgageHippo delivers on that expectation of borrowers, increasing both satisfaction and closing rates.”

ABOUT MORTGAGEHIPPO
MortgageHippo works with lenders to devise and implement their digital mortgage strategies using its borrower-centric digital lending platform. The MortgageHippo platform allows lenders to deliver a modern borrowing experience, improve borrower conversions, significantly reduce origination costs and integrate with other innovative technologies. MortgageHippo’s platform is fully customizable to lender preferences and configurable to lenders’ workflows and processes. For more, visit www.mortgagehippo.com.

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PRESS CONTACT FOR MORTGAGEHIPPO
Valentin Saportas
CEO
(312) 416-3955
press@mortgagehippo.com

PRESS CONTACT FOR OPTIMAL BLUE
Robert J. Brandt
Vice President, Marketing & Strategic Alliances
(469) 609-5585
bbrandt@optimalblue.com

Vantage Production Enhances Loan Origination with Compliant, Real-Time Product and Pricing

Vantage Production has chosen Optimal Blue as their partner to provide a unique digital mortgage experience. This enterprise integration allows a Vantage Production VIP user to incorporate accurate, compliant, real-time product and pricing information directly into consumer quotes and sales presentations.

“Vantage Production is very pleased to grow our relationship with Optimal Blue,” said Todd Ballenger, Executive Vice President of Vantage Production. “This deepening of our relationship enables our VIP clients to create and share Optimal Blue’s real-time pricing with prospective customers to increase sales and reduce compliance risk. It is our goal to reduce complexity for the loan originator and the companies we support in a way that empowers our clients to close more loans.”

Optimal Blue’s best-in-class digital mortgage marketplace platform consumes product and pricing content from the industry’s largest network of investors, provides intelligent selection and customization of that content as desired by originators, and distributes the personalized results to leading technology providers via RESTful APIs – wherever, and whenever it matters most.

“The partnership with Vantage Production greatly enhances the tools their VIP users offer to borrowers,” said Chazz Huston, Strategic Alliances Manager for Optimal Blue. “Borrowers and originators want a simplified, accurate and streamlined mortgage experience. This delivers.”

ABOUT VANTAGE PRODUCTION
Vantage Production, LLC is the industry’s premier provider of content, technology and services supporting the sales and marketing of mortgage products. With more than 15 years of experience, serving thousands of mortgage loan originators, Vantage Production empowers lenders to close more loans and minimize risk with solutions that are designed by mortgage experts, for mortgage experts. For more, visit www.vantageproduction.com.

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PRESS CONTACT FOR VANTAGE PRODUCTION
Torry Burdick
EVP, Marketing
(732) 526-1516
tburdick@vantageproduction.com

PRESS CONTACT FOR OPTIMAL BLUE
Robert J. Brandt
Vice President, Marketing & Strategic Alliances
(469) 609-5585
bbrandt@optimalblue.com

Optimal Blue Expands Offering, Achieves Record Customer Adoption and Growth

— Industry leader accelerates delivery of new secondary marketing innovations in response to increased demand —

Optimal Blue LLC, the leading provider of secondary marketing automation and services in the mortgage industry, recently announced that the company achieved record customer adoption and growth in the first half of 2017.

In response to the growing demand for comprehensive secondary marketing automation and the company’s ongoing commitment to deliver value-added solutions, Optimal Blue has invested heavily over the past year to accelerate the deployment of new innovations.

In the first half of 2017, Optimal Blue released numerous enhancements to its end-to-end technology platform, providing mortgage lenders the ability to automate their entire secondary marketing function and interact seamlessly with the industry’s largest network of leading investors – through a single, unified platform. Optimal Blue also launched significant capabilities that bring together mortgage technology systems through sophisticated integration, further enhancing the industry’s vision of a fully digital mortgage. Embedded with a highly scalable API interface platform, lenders can easily integrate compliant product and pricing content with the leading third-party technology and service providers they rely upon for lead generation, CRM, consumer-direct, mobile, LOS, and more.

The market response to Optimal Blue’s investment has proved noteworthy. In the first six months of 2017, Optimal Blue has grown new clients by 21% from the prior six-month period. Although Optimal Blue is known for unrivaled product eligibility, pricing, and lock desk automation, the company added a record number of new clients for its pipeline risk management, hedging, and committing automation capabilities in the first half of 2017.

“The competitive mortgage industry landscape comes with numerous complex challenges, and our goal is to enable customers to manage and conquer those challenges as simply and as efficiently as possible,” said Scott Happ, CEO of Optimal Blue. “I am thrilled to welcome so many new customers to Optimal Blue, and I’m equally honored that they’ve entrusted our secondary marketing solutions to further automate their operation and successfully accomplish their technology and business goals.”

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PRESS CONTACT FOR OPTIMAL BLUE
Robert J. Brandt
Vice President, Marketing & Strategic Alliances
(469) 609-5585
bbrandt@optimalblue.com

Optimal Blue Launches Social Media Compliance Solution

— Turnkey service automates regulatory oversight, eliminates manual tasks and financial risks —

Comergence, an Optimal Blue company and a trusted compliance solutions provider to the mortgage industry, announced today the launch of its newest compliance solution, Social Media Compliance. Powered by sophisticated regulatory intelligence capabilities and embedded with the specific policies and procedures of a licensed mortgage originator, the unique and leading-edge service addresses the growing need and seemingly insurmountable task of monitoring social and digital media communications within a regulatory framework.

“Social media is a powerful tool used more and more by today’s loan officers to source business. Yet, with numerous regulations today and even more expected in the future, the risk is high for unintentional social media mistakes that could pose significant financial risks for lenders,” stated Scott Happ, Chief Executive Officer of Optimal Blue. “We recognize that adherence to growing compliance demands will be challenging for lenders if social media compliance remains a manual, time-consuming effort coming at a great cost. By delivering this robust automation at an extremely affordable price, lenders discover an immediate ROI – regardless of whether they have five loan officers or hundreds.”

The Social Media Compliance system can evaluate social media activity across all loan officers and all venues in real time via automated scheduling. The platform also identifies potential violations, highlights usage trends, and provides 360-degree audit reports for a deeper violation review so lenders can communicate and remediate internally and externally – all within a single, turnkey compliance tool. The system provides enormous advantages for the hundreds of organizations that already rely upon other Comergence Compliance solutions, including streamlined organizational and user set-up.

“Social media presents a large playing field and a new frontier for today’s lenders that is not going away anytime soon. Leveraging automation removes the heavy lifting and positions lenders to properly take full advantage of the opportunities through this great marketing asset,” said Greg Schroeder, Vice President of Comergence. “Everything lenders need to self-manage social media compliance is available in our solution, bringing efficiencies, simplicities, and real-time oversight with little effort.”

For more information on the social media compliance demands in the mortgage industry, Optimal Blue has developed a resource titled The Importance of Developing a Social Media Compliance Policy. The white paper can be accessed at – http://comergencecompliance.com/smc-whitepaper1/.

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PRESS CONTACT FOR OPTIMAL BLUE
Robert J. Brandt
Vice President, Marketing & Strategic Alliances
(469) 609-5585
bbrandt@optimalblue.com