PLANO, TX--(Marketwired - November 04, 2014) - Optimal Blue, the premier cloud-based provider of enterprise lending solutions to the mortgage industry, announces an innovative new solution for market pricing intelligence. Optimal Blue Insight, the industry's first real-time price benchmarking service, provides retail pricing information for 470 lenders across 280 metropolitan areas nationwide.
"Powered by the most accurate and comprehensive product and pricing engine, Optimal Blue Insight enables lenders to compare their retail pricing against the rest of the market for all loan types and loan scenarios," commented James Rowe, Managing Director, Data and Analytics. "It provides actual consumer facing prices -- not survey responses -- which is an important competitive edge for optimizing volume and profitability."
For the first time, lenders have up to the minute access to fully adjusted competitor pricing, including all loan level pricing adjustments, margin and loan officer compensation. And the pricing is segmented so users can see high, medium and low volume lenders in each market.
"Optimal Blue Insight has proven itself to be a valuable tool for managing our lending strategies. It provides comprehensive pricing information, and helps us validate our competitiveness in the markets we serve," said AJ Swope, SVP, Secondary Markets, Primary Residential Mortgage, Inc.
Optimal Blue's Product Eligibility and Pricing Services provide lenders, originators and consumers with advanced decision-making capabilities, resulting in increased workflow productivity. Through leading-edge strategic pricing, distribution and workflow tools, the company's enterprise lending platform connects almost 200 investors with 3,000 financial institutions, and touches nearly 1 in every 6 new mortgages.
About Optimal Blue
Optimal Blue is a cloud-based provider of managed-content, product eligibility and pricing (PPE), secondary marketing, point-of-sale and compliance technology and 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.
For more information, please visit www.optimalblue.com.
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Contact Information:
PRESS CONTACT:
Mike Maccioli
Vice President, Marketing
(972) 781-0200
mmaccioli@optimalblue.com