Optimal Blue is adding new features to its platform including side-by-side loan scenario comparison functionality, simplified capabilities for configuration and margin management, and a new GenAI solution.
The new features are part of the company’s extensive plans for innovation across its complete capital markets technology ecosystem leading up to its Optimal Blue Summit, where innovations will be unveiled live.
“Our focus is on client profitability, so we are investing and delivering in areas that will have the biggest impact on a lender’s bottom line,” says Joe Tyrrell, CEO of Optimal Blue, in a release. “We’re rolling out our new intuitive UI to all clients, introducing new tools to help loan originators be more effective and efficient, and delivering automation solutions to address real operational issues through our new GenAI capabilities – all at no cost to our clients. We are also introducing new data solutions at no incremental costs for clients and shifting a number of our current solutions to unlimited usage models to help our clients get the most out of our innovations.”
”We are focusing on delivering new value, at no additional cost, in order to help our clients improve their ROI on every loan,” says Erin Wester, vice president of product management for Optimal Blue. “I’m thrilled about our ability and commitment to innovate in ways that directly allow Optimal Blue clients to even further increase the value they currently receive, all while we continue to lead the market in our use of APIs and automation.”
Generative AI solutions that address specific secondary market use cases will be unveiled across all Optimal Blue’s capital markets solutions.
This initiative began with the company’s Profitability Assistant, designed to help chief financial officers and capital markets executives better manage gain and loss down to the individual loan.
New AI capabilities will continue to be added to the hedging and loan trading platform, and will be expanded into the Optimal Blue PPE, in the next two quarters.
The GenAI solutions will culminate with a definitive GenAI “ask” functionality that will be unmatched in terms of the value lenders realize, solving complex business challenges and identifying critical profitability opportunities by clients simply asking a question.
“Optimal Blue has committed to significant investments in GenAI, providing these capabilities at no additional cost to our clients, and our engineering team is excited to build solutions that solve real problems and see high levels of utilization,” says Seever Sulaiman, chief technology officer for Optimal Blue. “These capabilities along with our machine-learning functionality, will enable automation for the entire end-to-end capital markets lifecycle, from origination through trading, making the data and processes more efficient, more accurate, and substantially faster.”