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.
