New Real Estate Roundtable survey shows commercial market conditions weakening – NMP Skip to main content

New Real Estate Roundtable survey shows commercial market conditions weakening

National Mortgage Professional
Aug 11, 2008

ProLender Solutions integrates with Optimal Blue's product eligibility and pricing engineMortgagePress.comdecisioning technology, content management, product and pricing information Optimal Blue, developer of a comprehensive, Web-based platform that couples decisioning technology with content management for the mortgage industry, announced it has developed a seamless interface with San Diego-based ProLender Solutions, a provider of automated mortgage lending software solutions. The interface offers two-way data connectivity that transfers information between the two systems, allowing lenders to update product and pricing information in real-time throughout the life cycle of a loan. The integration will provide a more comprehensive and streamlined approach to information delivery, enabling seamless interaction from early in the origination process through the final stages of delivery of the loan to an investor. Loan officers can price a loan, which can then be locked in ProLender where secondary personnel can run best execution analysis to maximize profitability. This can all be done from within ProLender automatically, eliminating errors through redundant data entry while ensuring accurate content. This creates a proactive management tool for lenders, as they can view their lock activity prior to the submission of the physical file through the ProLender system, allowing them to see lock ratios and tie in the product and pricing information for a loan-by-loan status update. From origination through secondary marketing, Optimal Blue offers ProLender users current and accurate product eligibility and pricing engine information. Given the rapid pace with which investors are making changes to products and guidelines, having accurate information is critical. Optimal Blue's platform provides 99-plus percent accuracy and it automatically updates that content throughout the day. That data is automatically populated in real-time into the ProLender system, without the need to re-key any data. For more information, visit www.prolender.com or www.optimalblue.com.
Published
Aug 11, 2008
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