PLANO, TX--(Marketwired - April 04, 2016) - Optimal Blue, the premier provider of web-based Enterprise Lending Services ("ELS") to the mortgage industry, announced today that they released an automated interface with Fannie Mae's Pricing & Execution - Whole Loan™ Platform. This automated interface will enable originators to take out commitments directly with Fannie Mae (FNMA) through the Optimal Blue system. It will eliminate having to re-enter commitments in the FNMA system after making the trading decision in the Optimal Blue system. This interface is available to joint Optimal Blue/Fannie Mae customers immediately, and is another component of Optimal Blue's compelling ELS offering which automates mortgage workflow from initial customer engagement through the disposition of a loan to the secondary market.
"We are the first to market with an automated interface that makes it more efficient for originators to take advantage of FNMA's PE - Whole Loan functionality," explained Don Brown, Managing Director for Optimal Blue Secondary Services. "We are thrilled to work on this project with a Fannie Mae team that is dedicated to making the process easier for our mutual customers. They have made great strides in providing the market with sophisticated technical solutions designed to ease the process of doing business with them, and we are excited to roll this functionality out to our joint customers."
Larry Huff, Co-CEO of Optimal Blue stated, "We constantly search for opportunities to bring innovation and efficiency to our customers. When the opportunity arose to collaborate with Fannie Mae to reduce the steps required to make a commitment, we jumped at the chance to add another component to our suite of services. Our customers have come to expect these efficiencies from Optimal Blue and we are eager to fulfill those expectations."
About Optimal Blue
Optimal Blue is the premier cloud-based provider of managed-content, enterprising lending services including product eligibility and pricing (PPE), secondary marketing, consumer engagement, data and analytics, and compliance 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. With a 99.999% accuracy rate, Optimal Blue technology connects hundreds of investors with more than 1,500 financial institutions and currently touches nearly 1 of every 4 mortgage loans originated nationally.
For more information, please visit www.optimalblue.com.
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Contact Information:
PRESS CONTACT FOR OPTIMAL BLUE:
Mike Maccioli
Vice President, Marketing
(972) 781-0200
mmaccioli@optimalblue.com