Tag: Scenario Pricing API

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

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

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

Optimal Blue First-to-Market with Pipeline & Lock Management APIs; Certifies Capsilon as First Strategic Partner

— Milestone integration achieves real-time automation of pipeline management and rate locks —

Optimal Blue, the leading provider of secondary marketing automation and services to the mortgage industry, is proud to recognize enterprise SaaS digital mortgage solution leader, Capsilon, as its first strategic partner to complete certification with the highly anticipated Pipeline & Lock Management APIs. By debuting these innovative system-to-system API interfaces in the mortgage industry, Optimal Blue has enabled Capsilon’s digital mortgage platform to fully support the creation, management, registration, and locking of first-lien mortgages instantaneously with Optimal Blue. As a result of this advanced integration, a completed application and pre-approval are done in half the time of the traditional back-and-forth processes, empowering loan officers to be more competitive in today’s purchase market and win more business from real estate agents.

“Pipeline and rate lock management is a crucial step in the mortgage process and involves many parties, from the consumer to the loan officer, to the secondary marketing department,” explained Bob Brandt, Vice President of Marketing and Alliances at Optimal Blue. “In exposing Optimal Blue’s industry-first pipeline and lock automation functionality to leading point-of-sale experiences like that of Capsilon, we have taken a major step forward to eliminate traditional inefficiencies and advance the industry’s digital mortgage agenda.”

Just one year ago, Optimal Blue released its first set of API transactions as part of a groundbreaking initiative to knock down the traditional vendor integration barriers that have held the mortgage industry back. This approach aimed to enable Optimal Blue clients to integrate real-time, compliant product and pricing data with the leading mortgage technology systems they rely upon throughout the loan life cycle, and further automate key functions like pipeline management, rate locks, and more. Since that first release, Optimal Blue’s robust partner ecosystem has experienced substantial growth, integrating more than 45 mortgage technology vendors and driving millions of transactions each month.

In addition to the Pipeline & Lock Management APIs, Capsilon has thoroughly leveraged Optimal Blue’s Scenario Pricing APIs throughout their digital mortgage platform. These APIs enable Capsilon to natively integrate the highly sophisticated product and pricing strategies of Optimal Blue clients into their captivating user experiences and workflow management capabilities. Optimal Blue’s Scenario Pricing APIs support both Best Execution Search Results and Complete Search Results methods for Capsilon, returning the loan officer’s best fit mortgage financing alternatives for every loan scenario supported by the lender in real time.

“We are thrilled to be the first industry partner to become certified on Optimal Blue’s powerful Pipeline & Lock Management APIs. This integration enables loan officers to do more of their day-to-day work within the intuitive and user-friendly Capsilon platform, helping them increase efficiency and more quickly convert leads into loans,” expressed Jim Obsitnik, Chief Operating Officer of Capsilon. “This is a collaboration of like-minded technology leaders that have consolidated best-of-breed solutions in the marketplace, ultimately providing a tremendous value to joint clients and the mortgage industry as a whole.”

ABOUT CAPSILON
Capsilon helps mortgage companies modernize the loan process, making it faster, easier and less costly. From loan application to closing, delivery and servicing, Capsilon’s platforms automate end-to-end process steps for dramatic improvements in speed, loan quality, compliance and borrower satisfaction. Capsilon’s digital mortgage platform minimizes risks and drastically reduces manual labor, improving the experience for every user who touches the loan, and delivering an average customer ROI of 300-500%. Capsilon’s enterprise SaaS solutions are used by more than 160 of the mortgage industry’s most innovative companies, including three of the 10 largest U.S. residential mortgage lenders. 15% of all mortgages in the U.S. touch Capsilon’s systems and in 2017, $400B in mortgage loans went through Capsilon’s platform. The company is headquartered in San Francisco and has more than 450 employees worldwide.

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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 CAPSILON
Karie Stern
PR & Marketing Communications
(415) 608-9195
karie.stern@capsilon.com