Black Knight Inc. has announced the integration of its product and pricing engine, the Optimal Blue PPE, with LendingPad.
As a cloud-based mortgage loan origination system (LOS), LendingPad is designed to help businesses streamline and manage loan origination processes and improve the customer experience. Through this new multi-point integration, LendingPad now leverages the Optimal Blue PPE to enable wholesale, correspondent and retail lenders to generate real-time, compliant pricing scenarios regardless of their business channel, the companies say.
“LendingPad’s ever-evolving functionality makes it popular among lenders,” notes Wes Yuan, managing director at LendingPad. “Our clients will greatly benefit from this key integration with the Optimal Blue PPE, delivering automation and pricing accuracy across multiple loan channels.”
Using Optimal Blue’s application programming interface, these connections will help LendingPad LOS users streamline the mortgage process while enhancing loan officer productivity and reducing costs, the companies say. Without ever leaving the LendingPad platform, loan officers can generate personalized lending scenarios, quickly launch applications and lock loans.
“Black Knight strives to break down integration barriers to make accurate pricing more accessible for the industry users that rely upon it,” says Scott Happ, president of Black Knight Secondary Marketing Technologies.