— System automates entire secondary marketing process; includes major innovation supporting hedge with mandatory cash commitments —
Optimal Blue LLC, leading provider of secondary marketing automation and services in the mortgage industry, recently announced the introduction of an unprecedented new Enterprise Secondary Marketing Solution for credit unions. This new solution includes an industry first – a note rate hedging module specifically designed to support how credit unions sell loans to the GSEs.
Credit unions that sell directly to Fannie Mae and Freddie Mac can now take advantage of this new offering that combines Optimal Blue’s best-in-class secondary marketing automation, product eligibility and pricing engine, and note rate hedging, as well as the bespoke features needed to offer credit union members a more competitive product lineup.
Among the platform’s unique features – designed specifically with credit unions and their members in mind – are instantaneous and highly-accurate eligibility and pricing, a real-time pricing and commitment integration with e, advanced automation that eliminates the tedium and potential risks of manual spreadsheets, and significant fiscal risk-minimalization through focused pipeline hedge capabilities.
“This is an innovative new enterprise solution that for the first time, fully supports the unique challenges that credit unions face in their day-to-day approach and processes,” Said Scott Happ, CEO of Optimal Blue. “Rather than using a patchwork of systems and manual methods, credit union executives can now automate the entire secondary marketing process, resulting in significant efficiency and profitability improvements.”
For additional details on the elements, functionality, and effect of an Enterprise Secondary Marketing Solution for credit unions and the digital mortgage market, Optimal Blue has developed a resource titled Enterprise Secondary Marketing Solutions: Automating Content to Commitment and Everything In Between. Read White Paper.
PRESS CONTACT FOR OPTIMAL BLUE
Robert J. Brandt
Vice President, Marketing & Strategic Alliances