PLANO, TX--(Marketwired - October 13, 2014) - Optimal Blue, a the premier cloud-based provider of enterprise lending solutions to the mortgage industry, recently unveiled the addition of Worse Case Pricing functionality within its Product Eligibility and Pricing Services -- Optimal Blue Banker. This advanced feature, available exclusively through Optimal Blue, provides granular control of how to price changes in loans after the initial lock, saving users a significant amount of time when evaluating the original lock requested pricing in comparison to current pricing.
Optimal Blue's powerful and innovative service gives lenders the power to research and compare loan scenarios for any attribute of a locked loan at any time in that loan's history, ensuring that all decisions are made based on accurate and time-relevant market and pipeline information. In addition, Optimal Blue allows users to achieve greater workflow efficiency by automating one of the most time consuming tasks a lender faces -- the change and renegotiation process. The inclusion of Worse Case Pricing functionality will further increase operational productivity within an organization utilizing the Optimal Blue Banker service. Optimal Blue's research indicates a locked loan is re-evaluated an average of five times after its initial lock, taking approximately fifteen minutes to evaluate each potential change. Given that most lenders source their pricing from multiple investors, this new service addresses one of the most challenging and important aspects of a lender's workflow. This is a first in the industry.
About Optimal Blue
Optimal Blue is a cloud-based provider of managed-content, product eligibility, 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.