SOURCE: Optimal Blue LLC

Leading Mortgage Enterprise Lending Services

June 04, 2015 12:53 ET

Optimal Blue Further Enhances User Efficiency Through Unique Integration Process

PLANO, TX--(Marketwired - June 04, 2015) - In order to stay at the forefront of the lending landscape, loan officers and other mortgage originators need a simplified process for accessing mortgage insurance information from the industry's seven providers. Optimal Blue, the premier cloud-based provider of enterprise lending services to the mortgage industry, not only provides the seamless integrations that lenders desire, but gives customers an added competitive advantage by providing an integration directly with the quoting engines of all the mortgage insurance companies in the nation.

The integrations are unique to Optimal Blue because they interact in real time with each mortgage insurance company's engine from within the Optimal Blue platform. They are positioned at a time within the origination process at which the mortgage insurance quote is first needed, adding more rich content-driven functionality to Optimal Blue's family of services.

The most recent partnership was finalized earlier this year. "We were very pleased to partner with Optimal Blue," said Jay Sherwood, president of National MI. "The integration meant much faster results for lenders, reducing costs and delays, and making for a more streamlined process at a time when lenders need to be as efficient as possible."

Exclusive functionality of all Optimal Blue mortgage insurance integrations allow originators to access quotes from all mortgage insurance providers, even if the originator does not have a Master Policy number, and is not a current mortgage insurance company customer. Additionally, users can view rate quotes and payment comparisons for multiple mortgage insurance products, as well as request multiple quotes over time from the same provider for the same borrower.

"All of these companies are widely respected within the mortgage industry, and we're thrilled to partner with each of them," Larry Huff, Co-Founder and Co-CEO of Optimal Blue, said. "We share a common goal -- to provide information at the point of need for a lender by embedding mortgage insurance rate quote functionality within Optimal Blue's services, satisfying compliance requirements and borrower expectations, and improving the experience for all."

About Optimal Blue
Optimal Blue is the premier cloud-based provider of managed-content, pricing and product eligibility (PPE), secondary marketing, consumer engagement, data and analytics, and compliance services. Based in Plano, Texas, Optimal Blue has developed an enterprise class suite of products and services designed to automate a lender's complex processes, improving efficiency and profitability while gaining a competitive advantage. With a 99.999% accuracy rate, Optimal Blue technology connects hundreds of investors with more than 1,500 financial institutions, and is currently the system of record for over $200 Billion in mortgage loans, representing 1 of every 4 loans nationally.

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