With this release Optimal Blue initiated support for Spread to Par functionality with monitored grids in preparation for the Fannie Mae Servicing Execution Tool (SET) migration to Servicing Marketplace™ to access servicing released pricing.
Optimal Blue is also excited to announce pricing and eligibility support for Reduced MI guidelines in the Lender site. The Reduced MI programs allow you to offer borrowers a lower MI premium in exchange for an LLPA.
A new field was added to the search pages to indicate a reduced MI scenario. When selected, we will return applicable products and pricing as well as automatically selecting the new reduced coverage types in our BESTX™ Mortgage Insurance functionality to return a reduced MI quote.
Please review the MARCH RELEASE NOTES for additional details.