SOUTHFIELD, Mich. -- Mortgage Builder Software Inc., a loan origination software company to credit unions and other financial institutions, announced it has created a partnership with Optimal Blue, the developer of a Web-based platform coupling decisioning technology with content management.
"This is just one reason we wanted to partner with Optimal Blue," said Keven Smith, president and CEO of Mortgage Builder. "They have been introducing innovations year after year, and we wanted to ensure that our clients could leverage Optimal Blue's revolutionary capabilities." The integration provides Mortgage Builder clients with access to comprehensive, accurate content, enabling users to source, manage, price and lock in loans in real time, said Mortgage Builder. In addition, users can automate their lock requests and confirmations.
"Optimal Execution is tailor-made for today's secondary marketing professional," said Smith. "It validates price at the point of locking and provides live monitoring of intra-day price movement, helping lenders reduce their exposure to market risk. Its full-featured approach is something we understand very well, since it's how we designed Mortgage Builder over a decade ago. Mortgage Builder is renowned for including all of its features, from document imaging to electronic delivery, in its core package of services, without extra charges."
President of Plano, Texas-based Optimal Blue, Larry Huff, said, "We wanted to partner with Mortgage Builder because of its longevity in the industry and track record of innovation. "This integration allows Mortgage Builder users to benefit from Optimal Blue's accurate and up-to-date pricing information, which saves time, improves efficiencies and reduces costs."
Mortgage Builder handles everything from prequalification through interim servicing and delivery, without the need for outside software, whether for retail or wholesale production models, said the company. For more information go to www.mortgagebuilder.com
--cburger@cutimes.com
