Black Knight Inc. says its Optimal Blue product, pricing and eligibility engine (PPE) now includes investor content from 54 state-based housing finance agencies (HFAs).
HFAs provide affordable homeownership options to low- and moderate-income borrowers by way of down payment and closing cost assistance, as well as reduced mortgage payments. The Optimal Blue PPE’s network of HFA content gives lenders using the platform access to more diverse financing options for their consumers.
“We are continuously looking for ways to better support both the needs of clients and the needs of the American homebuyer,” says Kevin McMahon, president of Optimal Blue, a division of Black Knight. “We consider it a privilege to now have 54 state-based HFAs on the Optimal Blue PPE. At the end of the day, lenders want to help homebuyers find the best option for their circumstances, and this is a major step toward connecting more consumers with affordable homeownership.”
“We appreciate the wide-reaching exposure the Optimal Blue PPE gives our financing programs,” adds the Idaho Housing & Finance Association’s John Laca. “This allows us to increase our visibility so more lenders and homebuyers can benefit from the unique options available to them through HFAs.”