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Optimal Blue Integrates Hedge Advisory and Loan-Trading Platforms

Hyland digital toolOptimal Blue, a provider of secondary marketing automation and services in the mortgage industry, recently the completion of a “lights-out” integration between its comprehensive hedge advisory and loan trading platforms. The announcement exemplifies Optimal Blue’s ongoing commitment to provide enterprise, end-to-end automation through superior technology with functional depth.

This real-time integration uses a library of proprietary APIs to  automate vital functions within the secondary marketing process that to date, have been increasingly complex and resource intensive. Further, the two-way integration builds on the workflow automation that is already established within the Optimal Blue platform.

“We are thrilled to deliver this next generation of automation to our clients,” said John Ardy, VP of Resitrader by Optimal Blue. “More than half of our clients have already transitioned to the integrated platform and those that remain will be migrated over the next several months.” Optimal Blue anticipates monthly trading volumes to exceed $5 billion upon completion of client onboarding.

Optimal Blue views this integration as the foundation for several significant innovations and ongoing enhancements, like the use of proprietary machine learning algorithms to assist buyers and sellers optimize their trading strategies, as well as a fully automated “lights-out” loan execution to deliver a full roundtrip automation experience linking buyers and sellers. In addition, Optimal Blue is pursuing the expansion of axe posting for CRA, non-QM, and Jumbo transactions.

“There is considerable value in a unified technology platform,” explained Scott Happ, CEO of Optimal Blue. “This integration provides further transparency into whole loan transactions and delivers the connectivity, efficiency, and liquidity necessary to thrive in today’s competitive environment.”

Optimal Blue, a financial technology company, operates the nation’s largest Digital Mortgage Marketplace, connecting a network of originators and investors and facilitating a broad set of secondary market interactions. The company’s technology solutions include product eligibility and pricing, lock desk automation, risk management, loan trading, and data and analytics. More than $750 billion of transactions are processed each year across the Optimal Blue platform.

About Author: Seth Welborn

Seth Welborn is a contributing writer for DS News. He is a Harding University graduate with a degree in English and a minor in writing, and has studied abroad in Athens, Greece. An East Texas native, he also works part-time as a photographer.

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