On tuesday, optimal blue, a provider of secondary marketing automation for the mortgage industry, announced it acquired mortgage loan trader resitrader, creating the industrys largest mortgage loan trading platform. Optimal blue enables the digital mortgage housingwire. Digital mortgage software platform blue sage solutions. Darius was president and ceo of sollen technologies llc in dallas. Optimal blue ppe products optimal lender this product provides clients with access to a lot of information that loan originators typically would eliminating the need for a middle man, but effectively, the services are still provided by a mortgage broker. Top mortgage pos systems for loan origination teams. Gtcr announces expansion of optimal blue network through. Founded in 2002, the companys software suite provides lenders with the.
I cant imagine c2 financial, or any successful mortgage broker for that matter. Optimal blue, the cloudbased provider of enterprise lending services to the mortgage industry, announced that it has been acquired by gtcr, a leading private equity firm. Total expert is a saas company that provides the first modern, webbased, enterpriselevel marketing and sales software solution built specifically for mortgage and financial services. We see optimal blue as a profit center, we dont see it as a cost. Optimal blue debuts mortgage market pricing indices housingwire. Optimal blue offers product eligibility and pricing engine technology and content management services. Optimal blue operates the mortgage industrys digital marketplace which connects lenders, investors and providers with comprehensive secondary marketing solutions, market leading capabilities and. Automatic and manual locking are part of this package. With the help of capterra, learn about loansifter, its features, pricing information, popular comparisons to other loan servicing products and more. In terms of the secondary market, a mortgage loan is essentially made. Optimal blue s software suite currently does not include a loan origination system. The impact of rate movement and loan characteristics on servicing value by michael clark, ph. Optimal blue, a financial technology company, is the leading secondary marketing automation platform in the mortgage industry.
The business will be expanded under the leadership of mortgage technology executive scott happ, according to the release. Headquartered in plano, tx, optimal blue employees are centered around a continued commitment to deliver impactful innovations that drive organizational success to an everevolving industry. On tuesday, optimal blue, a provider of secondary marketing automation for the mortgage. Oct 15, 2007 with optimal blue s system, mortgage brokers, correspondent lenders, and mortgage bankers using encompass can quickly identify and price the widest selection of loan products for borrowers in. The companys platform connects one of the industrys largest networks of mortgage originators and investors to facilitate a broad set of secondary market interactions. Apr 30, 2017 2014 elite mortgage training module i, session 6. Optimal blue llc provides managedcontent, product eligibility, and pricing engine technology. Optimal blue operates the mortgage industrys digital marketplace which connects lenders, investors and providers with comprehensive secondary marketing solutions, market leading capabilities. Market volatility and the anatomy of mortgage rates. Optimal blues marketplace platform connects the industrys largest network of originators, investors, and providers. Blue sage is a more innovative, cloudbased digital lending platform for retail, wholesale, and correspondent lenders. Hence, blend focuses on creating streamlined digital applications for your borrowers and decreasing the days needed to. Ignite is a custom software provider focused on serving the mortgage industry.
A free inside look at optimal blue salary trends based on 34 salaries wages for 27 jobs at optimal blue. Planobased optimal blue bought by private equity firm. Bryt software is ideal for mortgage and loan professionals who are looking for a feature rich loan management system that is intuitive and easy to use. Plano, texasbased optimal blue, a webbased provider of product eligibility and pricing engine ppe technology, has partnered with ellie mae, a dublin, calif. Ellie mae and optimal blue enhance secondary marketing. It develops and delivers integrated solutions that help mortgage banks, community banks. The acquisition is consistent with the companys strategy to expand its network software services by deepening functionality for originators and investors and improving information flow, compliance functionality and transactional capabilities. Optimal blue llc company profile and news bloomberg markets. Mortgage loan origination software which one is the best. Ellie mae expands relationship with optimal blue to integrate. Mortgage loan officers are much more confident that rate locks will be approved due to the accuracy of optimal blue and their robust investor content. Software vendors streamlining the mortgage life cycle are anticipated to see more consolidation. Press centerread our recent announcements and industry news.
Discover how our bestofbreed partner network is uniquely leveraging apis to provide clients with a significant competitive advantage. Jul 24, 2019 software vendors streamlining the mortgage life cycle are anticipated to see more consolidation. John is a recognized ellie mae certified administrator and has been working as lead architect on encompass integrations for ignite integration solutions since inception. Blue sage solutions empowers mortgage lenders with bestinclass technology for origination performance excellence anyhow, anytime, anywhere. Optimal mortgage services offers a variety of audit services which satisfy agency and regulatory guidelines.
Optimal blue is the premier vendor of managedcontent, product eligibility, pricing and secondary marketing automation for the mortgage. For banks, credit unions, and lenders of all types except mortgage. Optimal blue, ellie mae integrate software products mortgageorb. Optimal blue debuts mortgage market pricing indices.
Optimal blue supports a wide array of thirdparty applications used in the digital mortgage process that enable originators to connect the product and pricing data within the optimal blue system. Win more business by providing borrowers the right product at the best price for any mortgage financing scenario. Optimal blue, docutech and dataverify, plus many others. Similarly, the configuration of dynamic compensation plans, globally, individually, by investor, or by location, can be achieved in seconds.
Jonathan has over 15 years of mortgage banking experience with a focus on operational and secondary marketing workflows. Optimal blues partner network takes the guesswork out of vendor integration. At time of investment, optimal blue derived the majority of revenue from its product eligibility and pricing services, the companys original product and core offering. This is the latest in mortgage and real estate technology. Optimal blue, a financial technology company founded in 2002, operates the digital mortgage marketplace and connects the mortgage industrys largest network of leading originators and investors to facilitate a broad set of secondary market interactions. Optimal blue, ellie mae integrate software products. Our frontline mortgage experience and technology expertise come together to provide custom solutions and products that allow clients to streamline.
The optimal blue mortgage market indices or obmmi are uniquely positioned to provide unparalleled transparency into mortgage rates by utilizing observed, realtime lock data from approximately 30% of the market. Seeking better lending extends beyond just pos platform blends name. Optimal blues ecosystem of apiconnected vendors provides a solution for originators wishing to bring price consistency and transparency to the entire mortgage process. The companys products include a webbased product eligibility and pricing engine ppe, as well as compliance and hedging tools for mortgage originators. Gtcr expands optimal blue network through the acquisition of. Jul 16, 2019 a mortgage loan origination software is one of the most critical tools you can leverage to streamline your endtoend loan process. Dec 18, 20 mortgage technology developer optimal blue today acquired its largest competitor, loansifter, in a deal that combines the two largest standalone developers of mortgage product eligibility and pricing engines remaining in the mortgage industry. Optimal lender this product provides clients with access to a lot of information that loan originators typically would eliminating the need for a middle man, but effectively, the services are still provided by a mortgage broker. With optimal blue s system, mortgage brokers, correspondent lenders, and mortgage bankers using encompass can quickly identify and price the widest selection of.
Optimal blues robust secondary marketing apis deliver accurate, realtime pricing information to the technology solutions their clients rely upon throughout the mortgage loan process. Optimal blue operates the mortgage industrys digital marketplace which. Salaries posted anonymously by optimal blue employees. Optimal blue, a financial technology company founded in 2002, operates the digital mortgage marketplace and connects the mortgage. Description optimal blue is a leading provider of enterprise lending software as a service saas to the mortgage industry. Focused on creating a seamless, endtoend workflow between lenders and investors, ellie mae and optimal blue are underway with new initiatives to rethink how to best leverage ellie maes digital.
Optimal blue acquires mortgage tech competitor loansifter. Optimal blue industryleading secondary marketing automation. Optimal blue, the leading provider of secondary marketing solutions and data services in the mortgage industry, recently announced the release of their market analytics solution. Optimal blue is transforming the mortgage industry. Win more business by providing borrowers the right product at the best price. Optimal blue, a secondary marketing automation platform provider, announced the release of a new interactive pricing index for the mortgage market to provide consumers and mortgage professionals.
Our browserbased technology is nextgen fast and secure, delivering accelerated endtoend performance for the entire lending and fulfillment. A core team of talent new technologies and experienced teams develop the innovations that transform industries. He designed the optimal blue system to leverage the convergence of technology with content management to seamlessly connect investors, lenders and originators to more efficiently source, manage, price and lock a loan in real time. Our solutions provide mortgage lenders with the power to control costs and drive increased productivity and efficiency. Floify integrates with most major mortgage software platforms, including, jungo, encompass by elliemae, dropbox, docusign, byte, and optimal blue. Pricing a loan and initial fee worksheet ifw duration. May 22, 2018 optimal blue, the leading provider of secondary marketing automation and services in the mortgage industry, is proud to announce a gamechanging innov. This timely article examines mortgage market pricing dynamics and how they have been impacted by the recent extreme market volatility spurred by the global impact of covid19. Founded in 2002, the company pioneered a variety of technology software solutions and eventually built a digital mortgage marketplace that is now. Mortgage rate locks in the optimal blue marketplace platform, a leading indicator of mortgage originations, rose to alltime highs in early march before rapidly retreating. Optimal blues software suite currently does not include a loan origination system. Optimal blue is a leading provider of saas mortgage technology solutions. Home buyers to identify best mortgage rates available, the anything and everything home portal expands again now teaming with optimal blue to provide homebuyers with the most timely and accurate u.
I worked at optimal blue fulltime for more than a year. Loansifter by optimal blue enables mortgage brokers to add or remove any investor from their searches. May 31, 2017 the purchase of comergence represents optimal blue s first acquisition since gtcr partnered with ceo scott happ in june 2016. Optimal blue explained that the multiple mortgage rate indices were developed around popular mortgage loan products and specific borrower attributes. The rules change constantly, compliance consumes resources and the potential cost of noncompliance is daunting. Eight of the top 15 mortgage lenders in the country use total expert, because the company strives to ensure that marketing, compliance, and sales are aligned in a single system of record with. Ellie mae and optimal blue enhance secondary marketing integrations to create seamless, endtoend experiences for lenders and investors ellie mae, the leading cloudbased loan origination platform for the mortgage industry, announced today the expansion of the strategic partnership with optimal blue, the leading secondary marketing automation platform in the mortgage industry. Loansifter compares mortgage rates against all banks i am wholesale approved with. In this highly competitive mortgage market, lenders are turning to secondary marketing. Webbased mortgage product eligibility and pricing platform that assists businesses of all sizes in providing advanced secondary marketing tools, tpo portal, rate sheet generator, pipeline management, online origination, loan officer marketing suite, lo comp compliance, mi best ex, hedging with compass analytics and more through integrations with encompass, datatrac, point, byte, zillow. May 21, 2018 mortgage coach, developer of pointofsale borrower conversion software, says a new direct integration with optimal blues api platform now enables every mortgage coach application to seamlessly connect compliant product and pricing data with mortgage coachs financial analyses. Our browserbased technology is nextgen fast and secure, delivering accelerated endtoend performance for the entire lending and fulfillment process anywhere, anytime, mobile and desktop. Wall street ready to close deals as mortgages go digital. Optimal blue and ellie mae form strategic partnership.
Mortgage coach analyses paired with optimal blue product and. About aei aei is a public policy think tank dedicated to defending human dignity, expanding human potential, and building a freer and safer world. We believe in providing our customers with fair and honest pricing. While optimal blue data is used, aeis edward pinto and tobias peter are solely responsible for the analysis contained therein. Ellie mae and optimal blue enhance secondary marketing integrations to. The company offers a mortgage automation platform that allows to automate pipeline management and.
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