Chicago-based Guaranteed Rate, an Optimal Blue partner, says that since the launch of its online platform Digital Mortgage in June, more than 4,400 people have locked in approximately $1.4 billion in loans through the new technology.
Optimal Blue provides cloud-based managed content and automated decisioning for the Digital Mortgage platform through its product eligibility and pricing engine service.
According to Guaranteed Rate, its new technology provides confidential and secure digital document transfer that simplifies what was previously a lengthy and complicated process. The company says its customers are now able to complete the process, from application to approval, within 25 minutes.