Optimal
Blue, the leading provider of secondary marketing automation and
services in the mortgage industry, announced today the completion of a
“lights-out” integration between its comprehensive hedge advisory and
loan trading platforms. The announcement exemplifies Optimal Blue’s
ongoing commitment to provide enterprise, end-to-end automation through
superior technology with functional depth.
The only one of its kind, this real-time integration uses a library of
proprietary APIs to seamlessly automate vital functions within the
secondary marketing process that to date, have been increasingly complex
and resource intensive. Further, the two-way integration builds on the
advanced workflow automation that is already established within the
Optimal Blue platform.
For years, Optimal Blue clients have recognized the significant
competitive advantage of a seamless integration between the company’s
flagship product eligibility and pricing and hedge advisory platforms by
automatically updating the hedge position based on loans locked in the
product eligibility and pricing engine. The new and highly anticipated
“lights-out” integration between the hedge analytics and trading
platform takes it a step further by fully automating the feed of loans
that are “ready-to-sell” and returning post-trade updates to sync hedge
positions in real time.
“We are thrilled to deliver this next generation of automation to our
clients,” said John Ardy, Vice President of Resitrader by Optimal Blue.
“More than half of our clients have already transitioned to the
integrated platform and those that remain will be migrated over the next
several months.” Optimal Blue anticipates monthly trading volumes to
exceed $5 billion upon completion of client onboarding.
Optimal Blue views this integration as the foundation for several
significant innovations and ongoing enhancements, like the use of
proprietary machine learning algorithms to assist buyers and sellers
optimize their trading strategies, as well as a fully automated
“lights-out” loan execution to deliver a full roundtrip automation
experience linking buyers and sellers. In addition, Optimal Blue is
pursuing the expansion of axe posting for CRA, non-QM, and Jumbo
transactions.
“There is considerable value in a unified technology platform,”
explained Scott Happ, CEO of Optimal Blue. “This integration provides
further transparency into whole loan transactions and delivers the
connectivity, efficiency, and liquidity necessary to thrive in today’s
competitive environment.”
ABOUT OPTIMAL BLUE
Optimal Blue, a financial technology company, operates the nation’s
largest Digital Mortgage Marketplace, connecting a network of
originators and investors and facilitating a broad set of secondary
market interactions. The company’s technology solutions include product
eligibility and pricing, lock desk automation, risk management, loan
trading, and data and analytics. More than $750 billion of transactions
are processed each year across the Optimal Blue platform. For more
information, visit www.optimalblue.com.
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