Cloudvirga, a provider of digital mortgage point-of-sale platforms, reports that it has completed final certification for full API integration with the Optimal Blue product, pricing and eligibility (PPE) engine and digital mortgage marketplace.
Cloudvirga’s existing integration with Optimal Blue already included loan pricing and lock set services, which are two of Optimal Blue’s three pillars. The final certification, post-lock activities, is the third pillar.
The full API integration allows Cloudvirga users to access Optimal Blue services and data without leaving the Cloudvirga platform. Using the new post-lock functionality, brokers can now submit a new lock request or update, extend or revise a lock, including changing to a different loan program or to a different rate or price structure within the same rate sheet.
The API integration is offered primarily through the Cloudvirga Wholesale Third-Party Origination (TPO) Platform, but it is also available to retail lenders using the Cloudvirga POS platform.
“This new integration is a real differentiator for brokers, giving them greater control of pricing discovery, rate lock and post-rate lock activities,” says Maria Moskver, CEO of Cloudvirga, in a release. “This full integration with Optimal Blue further enhances Cloudvirga’s ability to improve and streamline originations for brokers and ensures that borrowers have an excellent experience in the process.”