Optimal Blue has announced general availability of Originator Assistant, a new addition to the Optimal Blue PPE that uses generative AI to eliminate human bias in the loan structuring process.
The assistant helps originators identify all options for a borrower, providing more ways to help consumers realize the American dream of homeownership, the secondary marketing software firm says in a release. It is an AI-powered recommendation engine that simplifies loan structuring by identifying alternate scenarios with more competitive pricing.
The tool automatically detects pricing breakpoints and suggests opportunities for more strategic loan discussions, saving loan officers time and eliminating manual guesswork.
The tool evaluates loan options based on various parameters while searching for pricing incentives on the peripheral or opportunities for adjustment to achieve different terms.
Combined with Scenario Optimizer, which enables side-by-side comparisons, Originator Assistant gives lenders a distinct advantage in presenting the best options to borrowers.
Optimal Blue also announced the beta release of enhanced Lock Extensions workflows, a feature that gives lenders greater control, automation and flexibility over lock extension policy management.
The new Lock Extensions experience allows Optimal Blue PPE users to configure policies across multiple investors using global product groups, significantly reducing manual work and complexity. It also introduces a step-by-step configuration workflow, advanced toggles to support compliance considerations, and automation tools for processing and tracking extension requests.
Together, Originator Assistant and Lock Extensions help lenders respond faster to market conditions, reduce manual error and apply lock policies with greater consistency and precision.
Photo: Possessed Photography
