Optimal Blue Expands AI Suite with Position Assistant and Enhanced Profitability Assistant on CompassEdge Platform

AI capabilities empower lenders with narrative analysis that enhances pipeline risk management and profitable hedging and trading practices

PLANO, Texas – Oct. 28, 2024 – Optimal Blue today announced it has expanded its suite of AI-powered assistants available within the CompassEdge hedging and trading platform with the launch of Position Assistant and the enhanced functionality of Profitability Assistant. This development comes on the heels of Optimal Blue’s July 2024 introduction of three AI-powered assistants and supports the company’s commitment to helping lenders maximize profitability on every loan with a steady stream of no-cost product enhancements backed by advanced technology.

The Optimal Blue Position Assistant provides mortgage lenders with critical daily insights into changes in their risk exposure by automatically summarizing the top drivers that impact their hedged mortgage pipeline positions. This AI-driven tool analyzes factors such as loan volume changes and hedging adjustments, delivering a comprehensive overview that helps lenders quickly assess and adjust their risk.

“To effectively analyze a risk position, a secondary marketing manager must assess many complex data points; summarizing that analysis has historically been a manual and time-intensive task,” said Mike Vough, vice president of hedging and trading products at Optimal Blue. “With Position Assistant, we’re briefing clients with the information they need to manage risk exposure proactively, which is essential for maintaining profitability across changing market conditions.”

Building on the success of Profitability Assistant, Optimal Blue has added a new monthly view that provides CFOs and secondary marketing leaders with month-to-date summaries of top profitability drivers. This enhancement streamlines end-of-month analysis, allowing lenders to easily understand their performance at a glance without needing to manually compile and analyze daily reports. This feature complements the existing daily insights provided by Profitability Assistant, offering clients a more holistic perspective on profitability trends over time.

“Optimal Blue’s mission is to empower lenders to maximize their profitability while continuously enhancing their experience with our platform,” said Joe Tyrrell, CEO of Optimal Blue. “These latest enhancements to CompassEdge deliver on our AI philosophy to address real-world use cases for lenders, while providing another example of how we’re continuously improving our solutions with impactful features and functionality that deliver tangible value to our clients.”

Vough will demo Position Assistant and Profitability Assistant live at the Mortgage Bankers Association Annual Convention and Expo on Tuesday, Oct. 29. The demo is part of the AI Tech Showcase, which will take place on THE HUB STAGE from 1:30 to 3 p.m. MT.

About Optimal Blue
Optimal Blue effectively bridges the primary and secondary mortgage markets to deliver the industry’s only end-to-end capital markets platform. The company helps lenders of all sizes and scopes maximize profitability and operate efficiently so they can help American borrowers achieve the dream of homeownership. Through innovative technology, a network of interconnectivity, rich data insights, and expertise gathered over more than 20 years, Optimal Blue is an experienced partner that, in any market environment, allows lenders to optimize their advantage from pricing accuracy to margin protection, and every step in between. To learn more, visit OptimalBlue.com.

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Media Contact
Olivia DeLancey, Optimal Blue
904.854.5459
Olivia.DeLancey@OptimalBlue.com