September-13-2018

PromonTech Announces Integration with Optimal Blue

– Borrower Wallet Will Now Offer Access to Latest Product & Pricing Info –

PromonTech, the technology unit of Promontory MortgagePath, announced today that its point-of-sale (POS) solution, Borrower Wallet™, is now integrated with Optimal Blue, a leading provider of secondary marketing automation and services in the mortgage industry.

This seamless integration provides consumers and loan officers easy access to qualified products and rates. Consumers can easily review the types of mortgages they qualify for by simply adjusting their search criteria or by having their loan officers search using the Optimal Blue product eligibility and pricing engine.

Borrower Wallet is a white-label, omni-platform POS that engages with customers using any computer or mobile device, on either a self-serve or assisted basis with a loan officer. The secure, borrower-friendly environment is designed to build confidence and make it easy for the borrower to enter information, approve automated data collection, upload/e-send documents, sign disclosures, utilize the closing center, and stay informed throughout the loan origination journey through loan closing. Borrower Wallet promotes both applicant self-service and values the role the loan officer plays as a trusted advisor. One of the unique features of Borrower Wallet is a dashboard that shows the borrower their key metrics – credit score, debt-to-income, and loan-to-value ratios – that loan decision-makers will use to approve their loans. In addition, lenders can accommodate their applicants anytime/anywhere in a secure workspace and loan officers can be a true co-pilot by enhancing the application process and loan quality ahead of underwriting.

“In this competitive mortgage market, today’s lenders are looking to differentiate their service offering and meet new consumer demands,” said Bob Brandt, vice president of Marketing and Alliances at Optimal Blue. “By integrating with Optimal Blue’s advanced API, PromonTech provides lenders with the tools they need to succeed by enabling the borrower to seamlessly access accurate pricing and product selection early in the application process.”

“Our main goal at PromonTech is always to provide the best possible service and home-buying experience for our customers – borrowers, lenders, and loan officers,” said Michael Kolbrener, chief technology officer of PromonTech. “Partnering with Optimal Blue streamlines the application process by offering our clients real-time access to the most accurate product eligibility and pricing information.”

ABOUT PROMONTORY MORTGAGEPATH
Headquartered in New York, Promontory MortgagePath was founded by Gene Ludwig and Bruce Witherell, the former U.S. Comptroller of the Currency and chief operating officer of Freddie Mac, respectively. The company has two main operating divisions: PromonTech, its Denver-based technology arm, and Promontory Fulfillment Services. PromonTech is a FinTech hybrid – that is, a technology company, led by seasoned banking and mortgage executives. Its digital solutions are designed by talented technologists and mortgage experts, working collaboratively to eliminate pain points and enhance the customer experience. Promontory Fulfillment Services offers end-to-end white-label mortgage fulfillment services for banks, mortgage banks and private investors and is located in Danbury, Conn. Promontory MortgagePath is the winner of the 2018 HW Tech100™ award and the 2018 Progress in Lending Innovations award.

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