Optimal Blue, which offers product and pricing data and tools, as well as hedging solutions, to the mortgage industry, has released a new data visualization tool that, according to CEO Scott Happ, gives lenders and secondary market players “instant access to the business metrics that matter most.”
The firm’s new Enterprise Analytics solution is a dashboard and reporting tool that provides secondary marketing leaders with full visibility into lock activity and change requests, including lock extensions.
Transactional lock data can be monitored in near real time, allowing users to understand trends and monitor activity at the product, channel, branch and loan officer level, Optimal Blue says in a release.
The software firm claims that with the tool’s reporting capabilities, interactive dashboards and extensive drill-down features, lenders will gain the insights they need to optimize their operations.
“This innovative solution will help customers rapidly solve problems and seize opportunities,” Happ says.
By combining lock data and pricing details with visualizations, Enterprise Analytics provides business intelligence that is actionable, Optimal Blue claims.
“Enterprise Analytics is powered by an industry-leading business intelligence engine, designed to take full advantage of Optimal Blue’s robust data warehouse,” says Sheryl Teague, senior product manager for Optimal Blue. “Originators now have the essential functionality to easily monitor and react to changes in market conditions, product mixes and loan activity.”