Optimal Blue, the developer of a Web-based platform that couples decisioning technology with content management for the mortgage industry, has created a joint venture with Denver-based Secondary Interactive, a provider of mortgage pipeline risk management and best execution technology to mortgage bankers.
According to the firms, this partnership provides mortgage bankers with a comprehensive spectrum of secondary marketing services, including loan eligibility and pricing, lock desk management, pipeline risk management and investor relations.
Clients can choose from a comprehensive, Ã la carte set of services that offer the flexibility to leverage mandatory or best efforts execution capabilities customized to their particular operational and strategic requirements.
Another critical component of the partnership was a focus on interoperability to ensure a seamless integration and system compatibility. Both systems have been Web-based since their inception and are using a software as a service model. As the venture's offerings become more tightly integrated with loan origination systems, these real-time views into the pipeline will be extremely useful to mortgage bankers, who can now know the characteristics of their pipeline, as well as where they are in relation to the market, the companies state.
Sources: Optimal Blue, Secondary Interactive