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Optimal Blue’s Resitrader Introduces Comprehensive “Lights-Out” Mortgage Loan Pricing & Commitment Automation

March 25, 2019

PLANO, Texas--(BUSINESS WIRE)--Mar 25, 2019--Optimal Blue’s digital loan trading platform, Resitrader, announced today the launch of the first in a series of robust APIs designed to create a “lights-out” integration with investors’ in-house systems and automate critical functions throughout the digital loan trading process. The first of its kind, this comprehensive API allows the investor to connect directly to the Resitrader marketplace and effortlessly automate pricing, offer pick-up, bid tape retrieval, bid placement and return, seller assignment, trade confirmation, and commitment.

Designed specifically for innovative investors operating at scale with an existing trading technology platform in place, the “lights-out” APIs embed and trigger the market-leading capabilities of Resitrader without requiring the investor to ever leave their own in-house systems.

The investor is able to actively engage with Resitrader’s digital loan trading marketplace and hundreds of participating buyers and sellers, significantly increasing productivity without the prerequisite of training on a new platform. They can monitor deal flow in real time as the systems communicate directly on pricing and trading, and benefit from the speed, accuracy, and scalability provided.

Sellers benefit as well, in the form of speed of response, accuracy, and the ability to reallocate most of their time to making more informed execution decisions.

“The Resitrader APIs are another step forward as we create an open architecture that links buyers and sellers across the Optimal Blue platform,” explained Scott Happ, CEO of Optimal Blue. “Our hedge advisory clients, as well as those that self-hedge or use another hedge provider, will benefit from this new technology as we continue to pursue our goal of serving all clients and vendors across the secondary market.”

ABOUT OPTIMAL BLUE

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, including approximately 30% of all consumer mortgage rate locks. For more information, please visit www.optimalblue.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190325005723/en/

CONTACT: Optimal Blue

Robert J. Brandt

Vice President, Marketing & Strategic Alliances

(469) 609-5585

bbrandt@optimalblue.com

KEYWORD: UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEYWORD: TECHNOLOGY SOFTWARE PROFESSIONAL SERVICES FINANCE CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: Optimal Blue

Copyright Business Wire 2019.

PUB: 03/25/2019 03:00 PM/DISC: 03/25/2019 03:00 PM

http://www.businesswire.com/news/home/20190325005723/en