Optimal Blue, a provider of secondary marketing automation and services in the mortgage industry, recently announced the release to augment and expand their support for Non-QM and Expanded Guidelines products. Earlier this year, the company decided to make a substantial investment to further enhance support for these unique mortgage loan products after observing significant growth in this area. Currently, Optimal Blue’s Expanded Guidelines monthly lock volume exceeds $1 billion, a threshold 2.5 times the volume experienced just 18 months earlier.
“Sprout Mortgage congratulates Optimal Blue on the release of its new Non-QM product selection capabilities and thanks them for creating this industry leading technology,” said Mike Strauss, President of Sprout Mortgage. “While only requiring minimal user inputs and established data feeds from leading loan origination systems to automatically pre-populate additional values, Sprout has found Optimal Blue’s Non-QM filters to fully support its product line with complete accuracy.”
Iowa-based fintech startup LenderClose has expanded its staff, adding three new employees. To meet demand from its growing client base of community lenders nationwide, LenderClose has increased its workforce by more than 15 employees in the first half of 2019.
Joining the LenderClose team in July are sales representatives Troy Allen and Kathy Bell, and software developer Caleb Salt.
“We’re building out our team to support steady growth, which continues to affirm our belief that we’re offering credit unions and community banks the best digital lending platform,” said LenderClose COO Ben Rempe. “We’re always evaluating the size and skills of our staff to maintain the best possible customer service experience, and to find new ways to enhance platform features and functionality.”
Gateway First Bank announced it renewed its annual partnership with Folds of Honor. Since 2007, Folds of Honor has carried forth its mission to provide educational scholarships to spouses and children of America’s fallen and disabled service-members.
Beginning in May of 2017, Gateway announced that for every mortgage loan closed through its mortgage centers nationwide, it would donate $5 to Folds of Honor. Gateway extended its partnership with the non-profit organization in May of 2019 for an additional year, whereby the company continues its pledge to support the families of those who have made the ultimate sacrifice for their country. Gateway is already on track to surpass its total donation of $76,635 in 2018, having donated over $44,000 to in the first half of 2019.
“At Gateway, we strive to make a difference in the communities we serve and believe strongly in supporting our country’s military families who have made great sacrifices to protect the freedoms we enjoy today,” said Stephen Curry, CEO of Gateway. “Every time a new homeowner closes a loan, we make a donation to Folds of Honor, and thanks to our team members’ hard work, we expect to exceed our prior year’s donation to Folds of Honor. We look forward to another year of growth and giving back to our military.”