PLANO, Texas, Sept. 16, 2024 (SEND2PRESS NEWSWIRE) — Optimal Blue today announced its extensive plans for innovation across its financial markets technology ecosystem in preparation for its Optimal blue summitwhere innovations will be unveiled live.
Image caption: Optimal blue.
“Our focus is on our clients’ profitability, so we’re investing and delivering in areas that will have the greatest impact on a lender’s bottom line,” said Joe Tyrrell, CEO of Optimal Blue. “We’re rolling out our new intuitive user interface to all of our clients, introducing new tools to help loan originators be more effective and efficient, and delivering automation solutions to solve real-world operational challenges with our new GenAI capabilities – all at no cost to our clients. We’re also introducing new data solutions at no additional cost to clients and evolving a number of our current solutions to unlimited usage models to help our clients get the most out of our innovations.”
New features will be introduced to the core platform starting in mid-September and continuing through the Optimal Blue Summit, a national user conference in San Diego in February. For initiators, priority areas of innovation include new native tools, such as true side-by-side loan scenario comparison functionality, simplified margin configuration and management capabilities, and a new GenAI solution.
“We are focused on delivering new value, at no additional cost, to help our clients improve their ROI on every loan,” said Erin Wester, VP of Product Management at Optimal Blue. “I am excited about our ability and commitment to innovate in ways that directly enable Optimal Blue clients to further increase the value they currently receive, while continuing to lead the market in our use of APIs and automation.”
Generative AI solutions that address specific secondary market use cases will be unveiled across Optimal Blue’s capital markets solutions. This initiative began with the company’s Profitability Assistant, designed to help CFOs and capital markets executives better manage gains and losses down to the individual loan level. New AI capabilities will continue to be added to the loan hedging and trading platform, and will be expanded to the Optimal Blue PPE, over the next two quarters. GenAI solutions will culminate in a definitive GenAI “ask” capability that will be unmatched in the value lenders realize, solving complex business challenges and identifying critical profitability opportunities by customers simply asking a question.
“Optimal Blue is committed to making significant investments in GenAI, providing these capabilities at no additional cost to our customers, and our engineering team is excited to build solutions that solve real-world problems and see high levels of usage,” said Seever Sulaiman, CTO of Optimal Blue. “These capabilities, combined with our machine learning functionality, will automate the entire financial markets lifecycle end-to-end, from origination to trading, making data and processes more efficient, more accurate, and significantly faster.”
Optimal Blue clients are invited to attend the inaugural Optimal Blue Summit February 3-5 at the Marriott Marquis San Diego Marina, where key product announcements will be made live. Additional details and registration information for the summit are available on the Optimal Blue Summit 2025 webpage at https://www2.optimalblue.com/optimal-blue-summit/.
About Optimal Blue
Optimal Blue efficiently connects the primary and secondary mortgage markets to deliver the industry’s only end-to-end capital markets platform. The company helps lenders of all sizes and scopes maximize profitability and operate efficiently so they can help America’s borrowers realize their dream of homeownership. With innovative technology, a network of interconnectivity, rich data insights and over 20 years of expertise, Optimal Blue is a seasoned partner that, in any market environment, enables lenders to maximize their advantage—from pricing accuracy to margin protection and every step in between. To learn more, visit OptimalBlue.com.
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Source of information: Optimal blue
