Optimal Blue has added an expanded AI assistant suite and a new Scenario Optimizer to its PPE, and has also announced free availability of Investor Pricing Insight to investor clients.
These new additions continue Optimal Blue’s streak of aggressive product innovation and no-cost feature additions.
“At Optimal Blue, we are setting an even higher bar for mortgage technology innovation by investing in advanced technologies that deliver value-based, first-of-their-kind features at no additional cost,” says Joe Tyrrell, CEO of Optimal Blue, in a release. “Each of these newly announced updates helps our clients address changing market conditions with agility, clarity, and precision. From loan officers to secondary marketing teams and investors, we empower mortgage professionals with tools designed to maximize their profitability on every loan transaction.”
Optimal Blue has expanded its suite of AI-powered assistants available within the CompassEdge hedging and trading platform with the launch of Position Assistant and the enhanced functionality of Profitability Assistant. This development builds on Optimal Blue’s July 2024 introduction of its first three AI-powered assistants, which help secondary marketing teams better manage risk and profitability with real-time insights that simplify complex data analysis.
The Optimal Blue Position Assistant provides mortgage lenders with critical daily insights into changes in their risk exposure by automatically summarizing the top drivers that impact their hedged mortgage pipeline positions. Profitability Assistant’s daily insights overview has been enhanced with a monthly view of key profitability drivers that allow users to assess performance quickly.
The addition of Scenario Optimizer to Optimal Blue’s product, pricing, and eligibility (PPE) engine enables loan originators to quickly identify the most favorable loan scenarios for borrowers by automatically generating side-by-side loan comparisons. The feature boosts loan officer productivity while strengthening relationships with borrowers by delivering fast, digital service and transparent pricing guidance.
In addition, Optimal Blue’s Investor Pricing Insight data solution, which allows correspondent and wholesale investors to benchmark their pricing against competitors, is now available at no cost to investor users. Also, Optimal Blue has introduced new functionality to the solution that allows investors to benchmark their non-qualified mortgage (non-QM) rate sheet pricing against other investors in real time.