Optimal Blue Launches Competitive Data License to Help Lenders Optimize Margins With Competitive Loan Pricing Data

Competitive Data License gives lenders access to the mortgage industry’s most robust and accurate repository of key mortgage loan pricing data

PLANO, Texas – June 25, 2024 – Optimal Blue announced the release of Competitive Data License, a collection of key national mortgage pricing data that enables lenders to price products competitively, operate more profitably, and react swiftly to changing market conditions.

Competitive Data License draws upon direct-source loan data from the Optimal Blue PPE, which is used to price and lock over 35% of loans in the United States. The data solution provides lenders with extensive insight into markups, loan-level price adjustments (LLPAs), servicing-released premiums (SRP), concessions, loan officer compensation, base price, and PAR rate. The offering’s data set allows for granular benchmarking at various levels – from organization-wide to individual loan officers – enabling lenders to identify areas for improvement, replicate successful strategies, and maintain a competitive edge.

“We often hear from our lenders how difficult it is to make informed pricing decisions given the lack of visibility into detailed market data,” said Brennan O’Connell, director of data solutions at Optimal Blue. “Competitive Data License ensures that our PPE customers have full transparency into the granular pricing components needed for a full price trace from buy-side to sell-side – giving Optimal Blue clients a strategic advantage in benchmarking their entire pricing strategy.”

Competitive Data License highlights which locks were completed by the lender using the data set, while also offering additional details, such as which loan officer locked the loan. Lenders have the flexibility to feed the raw data from Competitive Data License into their own business intelligence platforms to assess their performance relative to competitors and adjust pricing strategies – such as repricing or hedging optimization – based on market shifts.

Competitive Data License is available exclusively to Optimal Blue PPE users, and those currently using Market Data License for competitive analytics will be upgraded automatically to the more robust Competitive Data License data set. Market Data License will remain available to lenders not using the Optimal Blue PPE.

Optimal Blue will be hosting a webinar on July 10 for those interested in learning more about Competitive Data License.

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 operate profitably and efficiently so they can fulfill the momentous role of helping American borrowers achieve the dream of homeownership, regardless of market dynamics. 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 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