Tag: Real-Time Pricing

Optimal Blue Achieves 1,000 PPE Client Milestone

— Dramatic increase in platform adoption leads to early completion of long-term business goal —

Optimal Blue, a leading provider of secondary marketing solutions and data services in the mortgage industry, announced the recent achievement of a significant milestone more than one year earlier than originally anticipated. With the recent signing of Houston Federal Credit Union in mid-July, Optimal Blue crossed the 1,000-client threshold with its Product & Pricing Solution, the industry’s leading solution in the mortgage technology categories often referred to as secondary marketing or PPE automation.

“We are excited for the opportunity to work with Houston FCU—our 1,000th PPE client. We look forward to providing them with the innovative capabilities of our secondary marketing platform that so many mortgage lenders leverage to create compelling results,” said Scott Happ, CEO of Optimal Blue. “Achieving this exclusive industry milestone earlier than we anticipated is a strong testament to the incredible focus, commitment, and drive maintained by each and every Optimal Blue team member.”

Historic low rates, record origination volumes, market volatility, and intense competitive pressures have created a unique set of challenges and opportunities for today’s mortgage lenders, often leading them to search for automation platforms that create sustainable, long-term competitive advantages. As a result, Optimal Blue’s Marketplace Platform—the mortgage industry’s dominant secondary marketing automation platform that houses its Product & Pricing Solution—has experienced a dramatic increase in adoption and set record levels of activity. This year, Optimal Blue and their clients collectively surpassed every transaction metric currently tracked by the company, including:

Total BESTX™ Rate Quotes: Optimal Blue clients completed a total of nearly 280 million rate quotes in the first seven months of 2020, reflecting a 71% increase in activity over the same time period in 2019.

Total Rate Lock Volume: Over $195 billion in rate locks were completed on the Optimal Blue platform in July 2020, the highest level of monthly volume in the company’s history. Additionally, Optimal Blue clients completed more than $1 trillion in rate locks in the first seven months of 2020, more than doubling rate lock volume over the same time period in 2019.

Total Loan Trade Volume: Over $11.5 billion in loan trades were completed on the Optimal Blue platform in July 2020, 20% greater than the next highest month. The company has facilitated more than $57 billion in loan trades in the first seven months of 2020.

“Last year, 35% of all mortgage transactions completed nationwide were locked on the Optimal Blue platform by our impressive network of lender clients,” explained Happ. “We are humbled by the trust and confidence our clients place in Optimal Blue to facilitate those transactions, and we applaud their success and incredible growth.”

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

Own Up Leverages Optimal Blue’s Scenario Pricing APIs to Enhance Their Borrower-Centric Origination Model

Optimal Blue, the leading provider of secondary marketing automation and services in the mortgage industry, announced today an integration with Own Up. By integrating their home financing platform with Optimal Blue’s advanced product eligibility and pricing APIs, Own Up is now able to seamlessly return all possible mortgage options across multiple lender partners, thereby optimizing the home shopping experience for borrowers.

This unique partnership allows Own Up to leverage data for the purpose of helping borrowers secure mortgage financing options from a network of lenders that specifically match to their qualifications. This new approach to shopping for and securing a mortgage enables today’s consumer to not only find the mortgage they deserve on their own terms, but also empowers lenders to connect with targeted borrowers in a cost-effective manner.

“The real estate industry is experiencing a massive technological change,” explained Mike Tassone, Co-Founder & Chief Operating Officer of Own Up. “This makes partnerships like the one we have built with Optimal Blue incredibly important. Our integration provides Own Up customers with access to more data and enhances our connectivity with lenders so that we can create a modern mortgage experience for consumers, simplifying their lives and resulting in better financial outcomes.”

In addition to effectively engaging and prequalifying prospective borrowers, the seamless integration allows Own Up to better serve mortgage lenders in their pursuit to originate more loans and improve profitability.

“Optimal Blue is excited to partner with Own Up, and together, create a seamless solution for more borrowers to connect with more lenders,” said Chazz Huston, Strategic Alliances Manager at Optimal Blue. “Pairing their service with our highly accurate product eligibility and pricing is just another step forward in satisfying the growing digital demand across the industry.”

ABOUT OWN UP
Own Up is a technology company that is changing the way consumers shop for and secure a mortgage by empowering consumers with customized data, personalized advice, and unprecedented access to mortgage lenders. Own Up has created a modern home financing experience for borrowers that leads to better financial outcomes and reduces anxiety, while also increasing loan volume and profitability for our lender partners. For more information, visit www.ownup.com.

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

PRESS CONTACT FOR OWN UP
Mike Tassone
Co-Founder & Chief Operating Officer
(857) 600-1420
mike@ownup.com

Optimal Blue Responds to Surge in Mortgage Volume with Release of Competitive Analytics

— Unprecedented solution positions clients with sophisticated market comparison tools to gauge success —

Optimal Blue, the leading provider of secondary marketing solutions and data services in the mortgage industry, announced today the release of their Competitive Analytics solution. With mortgage rates at all-time lows, lenders are experiencing a surge in production, requiring access to real-time business intelligence to understand how well they are performing. Updated with new data daily, this game changing innovation positions Optimal Blue clients ahead of their peers by enabling them to gauge performance through sophisticated visualizations that illustrate market position, compare margins and profitability, and assess the effectiveness of current pricing strategies.

Competitive Analytics provides three types of sophisticated industry benchmarking capabilities, including:

• VOLUME BENCHMARKING
Advanced volume benchmarking allows the user to compare their loan production to the overall market and chart volume trends across specific time periods – by week, month, quarter, or year. In addition, volume benchmarking provides a production percentile market rank by business channel, institution type, state, MSA, loan type, and other parameters, as well as the ability to compare the percentage of their locks that observed change requests or lock extensions to the overall market.
• LENDING PROFILE BENCHMARKING
Lending profile benchmarking enables clients to compare characteristics of their loan production by charting loan level parameters such as FICO, LTV, loan amount, property type, occupancy, loan type, and loan purpose against the overall market.
• PRICING STRATEGIES BENCHMARKING
Pricing strategies benchmarking provides a market comparison for a variety of secondary marketing metrics that impact profitability. Through this powerful capability, clients can compare margins, concessions, price, and note rate to the market, and filter by business channel, institution type, state, MSA, and more.

Competitive Analytics joins Optimal Blue’s already established suite of business intelligence offerings including the Optimal Blue Mortgage Market Indices™ (OBMMI™) published earlier this year, as well as the unrivaled Enterprise Analytics solution which provides Optimal Blue clients with compelling visualizations that illustrate highly granular data on their own operation.

“The Optimal Blue Marketplace Platform has supported the daily activity of mortgage buyers and sellers for close to two decades,” explained Scott Happ, CEO of Optimal Blue. “This has generated an incredible amount of transactional data that uniquely positions Optimal Blue to achieve an entirely new scope of market transparency and competitive insight.”

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

Blue Sage Solutions Integrates with Optimal Blue’s Pricing & Locking APIs to Streamline Loan Origination Process

— Robust integration brings compliant pricing to cloud-based digital mortgage lending platform —

Optimal Blue, the leading provider of secondary marketing automation and services in the mortgage industry, announced today the certification of multiple integrations with Blue Sage Solutions’ sophisticated, multi-channel digital lending platform. Through seamless integrations with Optimal Blue’s product eligibility and pricing platform, Blue Sage now enables wholesale, correspondent, and retail lenders to receive real-time, compliant pricing scenarios regardless of their business channel.

Enabled through Optimal Blue’s highly unique and advanced RESTful API endpoints, these integrations provide “lights-out” automation for any type of lender to deliver a modern, timely and personalized experience that meets the expectations of today’s mortgage consumer while improving transparency. Without ever leaving the Blue Sage Solutions platform, loan officers can easily generate individual scenarios, quickly launch an application, and lock the loan when appropriate. The integration also streamlines the mortgage process, enhances loan officer productivity, and reduces costs along the way.

“Partnering with an industry leader like Optimal Blue is an opportunity to drive mortgage process automation through our combined, best-of-breed technologies and resources,” explained Joe Langner, CEO of Blue Sage Solutions. “Because Blue Sage handles multiple loan channels, this integration delivers the right information to today’s borrowers at the right time in the loan process and does it for a wider range of lenders than competing mortgage platforms. Our partnership also reflects Blue Sage’s steadfast commitment to ongoing innovation, modernizing the mortgage process through lights-out technology.”

“We are proud to announce the certification of multiple pricing and lock integrations across the Blue Sage Solutions platform,” said Bob Brandt, Vice President of Marketing and Alliances at Optimal Blue. “Our partnership with Blue Sage furthers our goal of system-to-system automation with the industry’s leading solutions, bringing a single source of pricing for every client and user, across every system.”

ABOUT BLUE SAGE SOLUTIONS
Blue Sage is an innovative, cloud-based digital lending platform for retail, wholesale and correspondent lenders that provides a superior lending experience for every borrower. The company’s technology is 100% browser-based and provides end-to-end functionality for the entire lending and fulfillment process, regardless of channel. All Blue Sage solutions include mobile applications and are delivered through a secure, fully managed cloud service. The company’s technology was developed over the past four years by the founders of Palisades Technology Partners, developers of Impact, the first end-to-end web-based loan platform which was used by five of the 10 largest U.S. originators. Blue Sage Solutions is headquartered in Englewood Cliffs, New Jersey.

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

PRESS CONTACT FOR BLUE SAGE SOLUTIONS
Mike Murray
Strategic Vantage Marketing & Public Relations
(240) 498-0863
mikemurray@strategicvantage.com

Tavant Integrates with Optimal Blue’s Scenario Pricing API to Enhance the Home Shopping Experience

— Enables lenders to bring price consistency and transparency to the entire mortgage process —

Tavant, a leading digital products and solutions company for the consumer lending industry, today announced the next level of integration between Tavant VΞLOX, its AI-powered digital lending platform, and Optimal Blue’s industry-leading product eligibility and pricing engine.

The upgraded integration creates new efficiencies throughout the loan lifecycle and quickly converts leads into loans. The integration of VΞLOX with Optimal Blue’s real-time Scenario Pricing API provides immediate access to accurate and compliant product, eligibility, and pricing information at the point of sale — maximizing efficiency in the loan life cycle while minimizing the potential for error.

Tavant VΞLOX brings a best-in-class, fully personalized user experience through any business channel while removing significant costs from the loan origination process. The platform facilitates a single, integrated, hierarchical view of the entire loan pipeline and provides lenders with the ability to drive the lending process seamlessly.

Together, the companies provide loan originators the ability for multi-system product and pricing distribution to offer borrowers a more personalized and customized exchange. Additionally, the integration reduces the amount of manual intervention, raising process efficiency and data accuracy across the supported loan process.

“We are delighted about our partnership with Optimal Blue. By leveraging Optimal Blue’s pricing and lock automation, Tavant has taken a major step towards eliminating traditional inefficiencies and advancing the industry’s digital mortgage agenda,” said Hassan Rashid, CRO, Tavant.

“The real-time integration between Optimal Blue’s product eligibility and pricing engine and Tavant’s VΞLOX platform is a great example of how modern, yet disparate systems can interact as one and deliver a better user experience and new efficiencies,” explained Bob Brandt, Vice President of Marketing and Alliances at Optimal Blue. “The partnership between our organizations will continue to grow and remain focused on creating a better loan process for our mutual clients.”

ABOUT TAVANT
Headquartered in Santa Clara, California, Tavant is a digital products and platforms company that provides impactful results to its customers across North America, Europe, and Asia-Pacific. Founded in 2000, the company employs over 2500 people and is a recognized top employer. Tavant is creating an AI-powered intelligent lending enterprise by reimagining customer experiences, driving operational efficiencies and improving collaboration. Find Tavant on LinkedIn and Twitter.

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

PRESS CONTACT FOR TAVANT
Vibhor Mishra
(408) 519-5400
press@tavant.com

Optimal Blue and LoanLogics Join Forces to Automate Loan Acquisition for Correspondent Lenders

— New alliance includes Optimal Blue acquisition of LoanLogics’ PPE business, LoanDecisions™ —

Optimal Blue, the leading secondary marketing automation platform in the mortgage industry, and LoanLogics, a recognized leader in loan quality technology for mortgage manufacturing and loan acquisition, announced today a newly formed strategic partnership aimed at changing the digital correspondent experience. By delivering a real-time integration between LoanLogics’ LoanHD® Correspondent Lending platform and Optimal Blue’s product eligibility and pricing platform, the companies significantly advance the automation of correspondent loan transactions and create a compelling competitive advantage for clients of both firms. In conjunction with this partnership, Optimal Blue has acquired LoanLogics’ product, pricing, and eligibility (PPE) technology business, LoanDecisions™.

LoanLogics’ LoanHD platform provides automation for every step in the loan acquisition process – from initial seller application review to loan funding and servicing onboarding – and overcomes the challenges that stem from a traditionally manual and fragmented correspondent loan purchase workflow. With the capabilities of LoanHD, investors ensure the loans they are buying are high quality, compliant, and accurately priced, while sellers experience rapid turnaround for funding and enhanced availability of warehouse lines. Additionally, both parties gain value by finding and curing defects before loans are purchased.

Through real-time integration with Optimal Blue’s product eligibility and pricing platform, LoanLogics fully automates loan-level pricing and eligibility controls that are pervasive throughout loan file review and enhances a critical aspect of the correspondent workflow inside the LoanHD Correspondent Investor Module. The granular feature set of the Optimal Blue solution will drive greater configurability of the LoanHD platform, bringing new and unique capabilities to clients. Additionally, Optimal Blue will provide support for automated adjustments to loan- and bulk-level pricing based on automated due diligence results, while simultaneously delivering maximum flexibility in support of an investor’s secondary guidelines and pricing requirements.

“Working closely with the Optimal Blue team, we will expand the value each company can offer our respective clients through an integrated solution,” explained Brian Fitzpatrick, LoanLogics CEO. “Individually, we are leaders in our respective disciplines. Together, we offer powerful technology to help investors ‘automate first’ across their loan purchase, pricing, hedging, trading, and counterparty risk oversight practices.”

“We are delighted with this transaction and extend a warm welcome to LoanDecisions’ customers and staff,” said Scott Happ, Optimal Blue CEO. “We are investing deeply in our PPE technology and are committed to delivering the best-in-class solutions and innovative partner connections across our marketplace.”

LoanLogics and Optimal Blue share a long-term vision for the relationship and consider this the first step of many together. With a collective focus on providing innovative automation for the mortgage industry and compelling value for joint customers, additional strategic initiatives and collaborative integrations across the companies’ respective technology platforms are already being considered.

ABOUT LOANLOGICS
LoanLogics was founded in 2005 to improve the transparency and accuracy of the mortgage process and improve the quality of loans. Our regtech capabilities help residential mortgage lenders, servicers, insurers and investors validate compliance, improve profitability and manage risk during the manufacture, sale, and servicing of loan assets. We are proud of the recognition our loan quality management and performance analytics technology has received, the corporate recognition of our business and client growth through Deloitte’s Technology Fast 500™, corporate culture awards and executive leadership team recognition, including the leadership of our women executives. As the digital mortgage process evolves, our innovations and compliance expertise will continue to help ensure the accuracy and performance of loan assets. To learn more, visit www.loanlogics.com.

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

HomeScout Integrates with Optimal Blue’s Real-Time Pricing API to Improve the Home Shopping Experience

Optimal Blue, the leading secondary marketing automation platform in the mortgage industry, announced today the integration certification of the HomeScout National MLS Platform, the only national home search platform with 100% MLS listings created specifically for innovative lenders to better serve their consumers. The integration enables mutual clients to create their own leads directly with consumers, convert borrowers earlier in the process than traditionally possible, and generate referrals for their real estate partners by bringing the home and mortgage shopping experiences together through a highly innovative platform.

The proprietary HomeScout technology platform, provided by NexGen HBM, gives potential borrowers access to complete MLS inventories of property listings across the country and provides innovative tools to assist them throughout the homebuying process. By integrating Optimal Blue’s Scenario Pricing API, HomeScout now allows consumers to immediately view accurate mortgage pricing that is custom-tailored to their individual financial scenario and the home they are interested in. Directly connecting property listings to the highly sophisticated product and pricing strategies of Optimal Blue clients in real time, HomeScout eliminates the concerns home shoppers have had with generic advertised rates or inaccurate mortgage pricing displayed on websites, and their information isn’t sold to other lenders and real estate agents.

“While many home search websites include simple mortgage calculators with rate estimates, the ability to provide borrower-specific, accurate, and compliant pricing paints a realistic picture of affordability and improves the consumer experience,” explained Greg Bollinger, Business Development Manager at NexGen HBM. “By precisely answering a shopper’s first question on payment terms, HomeScout lenders develop trust and improve the conversion from engaged shopper to committed borrower.”

In a highly competitive purchase market where parts of the country are experiencing all-time lows with property inventory, home purchase transactions move quickly. Today’s innovative lenders are introducing new lead strategies to win business and turning to innovative technology to connect them with new and qualified borrowers earlier in the homebuying process. They’ve turned to HomeScout and Optimal Blue to connect with consumers and leverage the tools they need to compete in the new reality.

“The Optimal Blue ecosystem is engineered to deliver high value benefits to our originator clients that gives them an advantage when it comes to driving purchase loan business,” said Chazz Huston, Strategic Alliances Manager at Optimal Blue. “Our partnership with NexGen HBM and its HomeScout National MLS Platform delivers the pricing transparency that borrowers want, at the time they most want it, while simultaneously bringing innovation to greatly enhance the way loan officers generate leads.”

ABOUT NEXGEN HBM
NexGen HBM is full-service technology and business development company on a mission to help lenders create business at the intersection of real estate, lending, agents and consumers in one, fully integrated real estate platform – HomeScout. NexGen HBM is a thought leader in the development of lender-centric, consumer-facing technologies that are proven to help lenders build their business starting with lead generation through buyer engagement and retention.

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

Finastra Integrates Optimal Blue Live Pricing into Fusion MortgagebotPOS

Finastra has integrated Optimal Blue into its Fusion MortgagebotPOS solution, enabling banks and credit unions to provide mortgage applicants with Optimal Blue’s live pricing searches, via any point-of-sale channel. The addition of Optimal Blue to MortgagebotPOS furthers Finastra’s relationship with the enterprise secondary marketing automation vendor, which already integrates with the Fusion MortgagebotLOS loan origination platform.

“Finastra is committed to developing an ecosystem of innovation, and working with companies like Optimal Blue helps us deliver the full value of our solutions to our clients,” said Mike Dionne, Senior Vice President, Community Markets, Finastra. “By expanding our relationship with Optimal Blue, we are giving mortgage lenders that use our point-of-sale platform seamless access to market-leading enterprise lending services, including product and pricing.”

As a leading provider of secondary marketing automation and services to the mortgage industry, Optimal Blue’s solutions enable thousands of lenders to easily implement, manage, and execute sophisticated product and pricing strategies focused on increasing competitiveness and creating new efficiencies. By directly embedding Optimal Blue’s broad portfolio of REST APIs into its mortgage origination solutions, Finastra is able to fully leverage the capabilities of Optimal Blue, providing joint clients real-time access to compliant product and pricing content throughout the Fusion Mortgagebot solutions.

“We are thrilled to mark a new chapter of collaboration with Finastra by extending the use of our APIs into the Fusion Mortgagebot platform,” explained Bob Brandt, Vice President of Marketing & Alliances at Optimal Blue. “This highly-anticipated integration vastly improves the user experience and uniquely positions our joint clients to create substantial new efficiencies throughout the entire loan life cycle.”

Fusion MortgagebotPOS is a web-based solution that allows lenders to receive accurate, qualified applications through every point-of-sale channel: consumer-direct via the internet, in the branch or call center, or through professional loan officers. As a cloud-based solution, borrowers have the option of completing an application in one channel or moving seamlessly between channels, depending on their needs and preferences. This web‐based technology allows users to explore rates, fees and products; complete an application in minutes; get instant approvals; and receive immediate online disclosures – anywhere they have internet access.

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

PRESS CONTACT FOR FINASTRA
Patrick Kilhaney
Public & Analyst Relations Manager
(917) 286-1053
patrick.kilhaney@finastra.com

Optimal Blue & Mortgage Coach Deliver Game-Changing Capabilities to Mortgage Loan Officers

— Product loan comparisons embedded with real-time, compliant pricing now available —

Optimal Blue, the leading provider of secondary marketing automation and services in the mortgage industry, is proud to announce a game-changing innovation with Mortgage Coach, creator of comprehensive point-of-sale borrower conversion software. Through direct integration with Optimal Blue’s robust API platform, every Mortgage Coach application now seamlessly connects real-time, compliant product and pricing data with the compelling financial analyses Mortgage Coach is known for. Through this collaborative effort and newly expanded product offering, Mortgage Coach and Optimal Blue enhance their long-standing strategic partnership and take their industry value proposition to a whole new level.

“Without ever leaving the Mortgage Coach app on their mobile device, loan officers can create informative, side-by-side comparisons highlighting multiple loan programs and comprehensive pricing information in just seconds,” explained Bob Brandt, Vice President of Marketing & Strategic Alliances for Optimal Blue. “Combining the sophisticated product and pricing data at the heart of every mortgage transaction with a compelling user experience — and doing so whenever, wherever it matters most — is a game changer for the industry.”

The benefits are not exclusive to lenders and loan officers. Today’s consumers immerse themselves with the details behind major financial decisions and pride themselves on deeply understanding their alternatives. Mortgage financing is no exception. When provided with a comparative, in-depth analysis of the financial impact of their best financing alternatives in a highly consultative environment, consumers are more engaged with their loan officers and more likely to move forward with a loan.

“In today’s price compression marketplace, converting every prospect into a borrower is the most important aspect of achieving increased profits for mortgage lenders,” said Joe Puthur, President of Mortgage Coach. “This new innovation gives lenders the instantaneous benefit of earning more commitments at a lower cost of acquisition.”

Mortgage Coach, the company’s flagship platform, is the technology behind the Total Cost Analysis (TCA), a report that illustrates the long and short-term impact of any loan program on the borrower’s financial situation. The TCA incorporates real time rates, fees, closing costs, and program information and presents its findings using simple yet powerful graphical elements like charts and graphs. The TCA provides a level of clarity that is virtually impossible to achieve without the Mortgage Coach platform.

“The difference between using a TCA to explain mortgage options and using any other method is like the difference between having a film described to you versus watching it in high definition with Dolby sound,” explained Mike Hardwick, President of Churchill Mortgage. “Having been in partnership with Mortgage Coach and Optimal Blue for several years now, we’re happy to have helped thousands of borrowers make a better, more informed decision. These new capabilities will provide greater clarity, transparency, and confidence to any borrower – in a way that is faster for every loan professional.”

ABOUT MORTGAGE COACH
The Mortgage Coach suite of enterprise online and mobile applications enhance the conversation between the borrower, mortgage professional, and Realtor, enabling a confident mortgage decision. Thousands of banks and lenders rely on Mortgage Coach to turn borrower education into a competitive advantage. With Mortgage Coach technology, financial and real estate professionals provide clearly illustrated mortgage options with detailed financials, charts, video narration, and live updates on any device, ensuring an informed home loan choice. Learn more about how to add the power of Mortgage Coach to your lending platform by visiting www.mortgagecoach.com or contact sales@mortgagecoach.com.

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

PRESS CONTACT FOR MORTGAGE COACH
Jeri Yoshida
Yosh Communications
(310) 651-0051
jeri@yoshcomm.com

Vantage Production Enhances Loan Origination with Compliant, Real-Time Product and Pricing

Vantage Production has chosen Optimal Blue as their partner to provide a unique digital mortgage experience. This enterprise integration allows a Vantage Production VIP user to incorporate accurate, compliant, real-time product and pricing information directly into consumer quotes and sales presentations.

“Vantage Production is very pleased to grow our relationship with Optimal Blue,” said Todd Ballenger, Executive Vice President of Vantage Production. “This deepening of our relationship enables our VIP clients to create and share Optimal Blue’s real-time pricing with prospective customers to increase sales and reduce compliance risk. It is our goal to reduce complexity for the loan originator and the companies we support in a way that empowers our clients to close more loans.”

Optimal Blue’s best-in-class digital mortgage marketplace platform consumes product and pricing content from the industry’s largest network of investors, provides intelligent selection and customization of that content as desired by originators, and distributes the personalized results to leading technology providers via RESTful APIs – wherever, and whenever it matters most.

“The partnership with Vantage Production greatly enhances the tools their VIP users offer to borrowers,” said Chazz Huston, Strategic Alliances Manager for Optimal Blue. “Borrowers and originators want a simplified, accurate and streamlined mortgage experience. This delivers.”

ABOUT VANTAGE PRODUCTION
Vantage Production, LLC is the industry’s premier provider of content, technology and services supporting the sales and marketing of mortgage products. With more than 15 years of experience, serving thousands of mortgage loan originators, Vantage Production empowers lenders to close more loans and minimize risk with solutions that are designed by mortgage experts, for mortgage experts. For more, visit www.vantageproduction.com.

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PRESS CONTACT FOR VANTAGE PRODUCTION
Torry Burdick
EVP, Marketing
(732) 526-1516
tburdick@vantageproduction.com

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

CMPS Institute Leverages Optimal Blue Real-Time Pricing to Increase Accuracy and Efficiencies

CMPS Institute has chosen Optimal Blue as their partner to provide loan officers with highly accurate, real-time product eligibility and pricing through the Optimal Blue API.

The CMPS Platform is a CRM technology and lead conversion suite for banks, credit unions, mortgage companies, and individual loan originators. Loan originators use the CMPS Platform to create and keep track of daily sales activities, prepare loan comparison reports, automate marketing, and measure progress with each borrower and strategic partner relationship. By integrating Optimal Blue’s real-time product eligibility and pricing content directly into the CMPS workflow, loan originators can now easily leverage real-time, accurate pricing directly from the CMPS system when comparing loan options.

“Our partnership with Optimal Blue will help banks, credit unions, and mortgage companies to improve their customer experience,” said Gibran Nicholas, CEO of CMPS Institute and creator of the CMPS Platform. “This integration will empower loan originators to compare loan options more effectively and automatically send quarterly mortgage reviews to their borrowers, comparing the borrower’s interest rate with current market rates. This gives loan originators a relevant way to stay in touch with their database, improve client retention, and unlock the lifetime value of their clients.”

“For too long, mortgage industry services have been isolated and essentials like real-time pricing and product eligibility were considered out of reach to even the most sophisticated platforms. Partnering and integrating with CMPS changes the game,” said Chazz Huston, Strategic Alliances Manager for Optimal Blue. “This integration brings together a first-in-class CRM with the best-in-class Enterprise Secondary Marketing Solution to provide instant and accurate pricing, and creates a model for how to move the industry forward.”

ABOUT CMPS INSTITUTE
CMPS Institute is a national organization that certifies mortgage bankers and brokers. We provide mortgage planning certification, sales training and technology systems to banks, credit unions, mortgage companies and individual loan originators. For more information, visit www.cmpsinstitute.org.

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PRESS CONTACT FOR CMPS INSTITUTE
Gibran Nicholas
Chairman and CEO
(734) 385-6177
gibran@cmpsinstitute.org

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

Optimal Blue and SimpleNexus Partner to Further Increase LO Productivity

— Strategic alliance between industry pioneers —

The premier cloud-based provider of Enterprise Lending Services (“ELS”) to the mortgage industry, Optimal Blue, recently announced it has entered into a technology partnership with SimpleNexus. Optimal Blue’s compliant pricing services, backed by an unrivaled 99.999+% accuracy rate, will now be available to industry professionals and consumers through the SimpleNexus mobile platform. Having this dynamic blend of resource tools at their fingertips, loan officers will be more efficient in nurturing clientele and facilitating all phases of the loan process.

There has been an unprecedented demand for pricing through mobile platforms, so executives from both companies are confident that this alliance will set the new standard for compliance, convenience, security and mobility. The combination of Optimal Blue’s expertise in pricing, along with the robust capabilities of SimpleNexus’ mobile platform, will provide loan officers and other stakeholders with increased profitability and productivity by providing the necessary tools when and where needed.

“SimpleNexus enables originators to interact with borrowers and agents, not only during the loan, but before and after as well,” said Matt Hansen, president of SimpleNexus. “This strategic partnership was an ambitious accomplishment. Optimal Blue’s reputation and focus on innovation align perfectly with who we are, so we are confident that lenders and their partners will see increased production when utilizing these technologies.”

“This is the perfect blend of skills and services provided by two best-in-class companies,” commented Mark Coupland, vice president of business development at Optimal Blue. “This will further extend the reach of both companies’ offerings into the loan origination process, benefiting all stakeholders in the process and most importantly, the consumer. This is just the beginning”

From lead generation to closing, Optimal Blue and SimpleNexus will continue to provide innovative solutions that offer organizational-level compliance, while improving the experience for all parties involved in the mortgage process.

ABOUT SIMPLENEXUS
In 2011, SimpleNexus pioneered private-labeled mobile apps for the mortgage space. Focusing on mobile, SimpleNexus provides convenience from the beginning of the home search to closing. Borrowers, loan officers and agents all use the technology to stay connected and close loans faster. Furthermore, SimpleNexus is a select member of the Mortgage Bankers Association and the only mobile technology provider with a SOC 2 security audit incorporated into its services. SimpleNexus is a trusted partner and has the resources and expertise to help companies deliver above and beyond their customers’ expectations. For more information, please visit www.SimpleNexus.com, or contact SimpleNexus at (855) 684-2777 or info@simplenexus.com.

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

Optimal Blue Announces Integration with Easy Mortgage Apps

— Two mortgage technology experts pioneer further innovation —

Optimal Blue, the premier cloud-based provider of enterprise lending services to the mortgage industry, recently announced its technology partnership with Easy Mortgage Apps. This exciting integration will provide loan officers, real estate agents, and consumers with the flexibility to utilize the Optimal Blue platform within a lender’s native application, powered by Easy Mortgage Apps. The result is the ability to easily generate eligibility and rate quotes directly on their preferred device: the smartphone.

Optimal Blue is known as the premier cloud-based provider of enterprise lending services, including their industry-leading Product eligibility and Pricing Engine (PPE), Optimal Blue Banker. This integration represents a valuable opportunity for lenders to communicate vital information with all relevant parties, including product and rate information, as well as track application statuses and share time-sensitive data between loan officers and borrowers via mobile channels.

“Easy Mortgage Apps looks forward to building this partnership with industry leader, Optimal Blue, to offer all parties involved in the mortgage process a mobile-centric and more efficient way to instantly provide loan options for consumers,” said Michael Kelleher, President and Founder of Easy Mortgage Apps. “The result is a more engaged borrower. Companies who are looking to attract the millennial mortgage applicant need to review and evaluate mobile strategies designed to enhance the consumer experience, versus lead generation. We will continue to focus on developing strategic relationships with companies like Optimal Blue, which share the vision of a technically evolved lending industry.”

“We are excited about this strategic alliance,” added Mark Coupland, Vice President of Business Development for Optimal Blue. “Easy Mortgage Apps shares our passion for creating new technology and mobile experiences that will continue to reduce friction in the lending process! The added transparency and clarity resulting from this strong integration will only further enhance the lending experience for lenders and consumers alike.”

ABOUT EASY MORTGAGE APPS
Easy Mortgage Apps (EMA), the mobile-first platform where borrowers, loan officers and realtors communicate, upload info, and track in-process loans. EMA’s white labeled product helps banks and lending institutions close the gap between today’s mortgage technology and borrowers’ expectations to use smartphones in the home buying process. The EMA native app is industry compliant and seamlessly integrates into all major loan processing systems. EMA now serves 100+ enterprise customers in 47 states.

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