Indices provide granular and accurate data to daily movement of mortgage rates

Optimal Blue, a leading provider of secondary marketing solutions and actionable data services in the mortgage industry, recently announced the completion of integration with Nasdaq’s Contributor API (CAPI), which enables the real-time distribution of Optimal Blue Mortgage Market Indices™ (OBMMI™) on Nasdaq’s Global Index Data Service℠ (GIDS) platform.

Individuals who closely monitor the U.S. economy understand the strong correlation between the performance of the housing industry and the overall economy. For that reason, the availability of granular and accurate indices that depict the daily movement of mortgage rates provides a great benefit to the investing public. Optimal Blue’s timely indices offer substantial visibility into some of the critical drivers of mortgage pricing and trends over time for all GIDS data recipients, at no additional cost.

“We are thrilled to announce the availability of OBMMI on the Nasdaq platform,” said Scott Happ, CEO of Optimal Blue. “OBMMI are uniquely positioned to provide unparalleled transparency into mortgage rates and this partnership enables Optimal Blue to deliver additional visibility into these key market metrics to even more financial services professionals—that’s a win for all involved.”

OBMMI was created by Optimal Blue to provide mortgage and finance professionals and market participants alike with greater visibility into how key credit factors impact mortgage pricing. Based on actual locked rates with consumers across 35% of all mortgage transactions nationwide, OBMMI are a compilation of sixteen mortgage rate indices developed around the most popular mortgage loan products and the primary credit-related attributes that impact mortgage pricing. These unique and granular indices provide an unprecedented level of daily insight into mortgage rate trends—the most comprehensive, accurate, and timely analysis of pricing ever conducted in the mortgage industry.

“Nasdaq is dedicated to bringing transparency throughout the financial ecosystem, including through our Global Index Data Service (GIDS),” explained Oliver Albers, Senior Vice President and Head of Data with Nasdaq’s Global Information Services. “The addition of mortgage rate indices known as OBMMI on GIDS provides additional clarity to an important asset class.”

Nasdaq GIDS provides data recipients, either directly or through a third-party distributor, the opportunity to reduce network, administrative, and data center costs through one connected ecosystem, rather than multiple data feeds. More than 700 firms—including all major market data vendors, market exchanges, sell-side banks, buy-side firms, trade automation providers, and financial web portals—receive real-time data feeds from Nasdaq GIDS and distribute to financial industry participants around the globe.

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

— Mutual clients immediately gain efficiencies in pricing, committing, and trading Freddie Mac loans —

Optimal Blue, the leading secondary marketing automation platform and largest online exchange for whole loan trading, announced today the completion of integration with Freddie Mac’s Loan Selling AdvisorSM application programming interface. By connecting the two platforms in real-time, Optimal Blue has enabled significant workflow efficiencies for its clients by fully automating the process of pricing Freddie Mac loans and securing Freddie Mac commitments.

The planning for this highly demanded interface began months ago, guided by the initial goal of bringing additional operational improvements to Freddie Mac sellers and servicers that utilize Optimal Blue’s innovative whole loan trading platform, Resitrader. Available immediately to all Resitrader clients without the burden of time-consuming system upgrades, this integration enables users to seamlessly acquire Freddie Mac pricing data and facilitates comparisons against alternative executions such as bulk bids. Additionally, this advanced integration enables the automated commitment of Freddie Mac loans by returning trade confirmations directly back to the Resitrader user, thus eliminating the need to utilize multiple systems to conduct a single transaction.

“Optimal Blue’s integration enables me to swiftly compare live quotes and complete pricing from Freddie Mac against all of my execution options,” explained Anthony Bruschi, Director, Capital Markets Trade Desk at New Penn Financial. “Additionally, I am able to commit all loans with Freddie Mac efficiently and accurately without ever having to leave the Resitrader system.”

Now that Freddie Mac’s Loan Selling AdvisorSM has been integrated with Optimal Blue’s Resitrader, the company has turned its attention toward leveraging this automation with the other solutions in its enterprise secondary marketing platform. Optimal Blue’s next phases will enable Freddie Mac pricing and commitment integrations with its hedge advisory and market-leading product and pricing solutions. In doing so, Optimal Blue will provide an efficient, end-to-end user experience for loan officers and secondary professionals conducting business with Freddie Mac.

“Optimal Blue is completely aligned with Freddie Mac’s commitment to deliver compelling innovations to our joint clients,” said Bob Brandt, Vice President of Marketing and Alliances at Optimal Blue. “Our end-to-end pricing and commitment integration between the Resitrader platform and Freddie Mac’s Loan Selling AdvisorSM is a perfect representation of this, bringing first-to-market innovations to our clients to further facilitate automated transactions between the buyers and sellers of mortgage loans through our Digital Mortgage Marketplace.”

ABOUT FREDDIE MAC
Freddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders. Since our creation by Congress in 1970, we’ve made housing more accessible and affordable for homebuyers and renters in communities nationwide. We are building a better housing finance system for homebuyers, renters, lenders and taxpayers. Learn more at FreddieMac.com, Twitter @FreddieMac and Freddie Mac’s blog.

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