Plano, Texas-based Optimal Blue, a Web-based provider of product eligibility and pricing engine (PPE) technology, has partnered with Ellie Mae, a Dublin, Calif.-based provider of software and services for the mortgage industry, to integrate Optimal Blue's PPE product with Ellie Mae's Encompass mortgage management system.
Through this integration, mortgage brokers and bankers can request a product and pricing decision from their preferred lenders and investors without leaving Encompass. Mortgage bankers using Encompass Banker Edition and Optimal Blue can also perform secondary marketing functions through Encompass, including lock confirmations, as well as receive pricing information, such as detailed rate and price adjustment information, directly from Optimal Blue's engine.
In addition, once users have sourced and priced a loan, they can submit those loans electronically to preferred lenders from within Encompass. The companies add that users can leverage Optimal Blue's automated underwriting system to pre-qualify borrowers through an array of lenders.