|By Business Wire||
|June 23, 2014 02:06 PM EDT||
Optimal Blue, a cloud-based provider of enterprise level pricing, point-of-sale, compliance and secondary marketing automation services for the mortgage industry, demonstrated innovative new services that will revolutionize compliance in Fair Lending and empower lenders with real-time market pricing intelligence.
The 3rd Annual Optimal Blue Client Conference was buzzing with anticipation over adding the patent-pending real-time lock monitoring functionality, incorporating the “Equivalent Rate” feature, to their Optimal Blue Advantage real-time Fair Lending solution. When applied to a mortgage lender’s locked pipeline, the Equivalent Rate calculations immediately highlight any loans that may not have been priced equally. “Our clients can greatly reduce the chance for rate disparity and pricing discrimination,” said Tammy Butler, Director, Fair Lending and Compliance. “They need this now more than ever!”
Also introduced was Optimal Blue Insight, the industry’s first real-time pricing analysis service. “Our customers can now benchmark pricing against their peers at the local market level,” said James Rowe, Managing Director, Data and Analytics. “We provide actual retail lender pricing – not survey responses – from the leading product and pricing engine in the mortgage industry.”
Optimal Blue’s 3rd Annual Client Conference was a huge success, bringing together the brightest minds in Mortgage Lending for industry knowledge discussions, peer-to-peer information exchanges, and skill building workshops.
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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