Optimal Blue Achieves 1,000 PPE Client Milestone
Summary
PLANO, Texas--(BUSINESS WIRE)--Optimal Blue, a leading provider of secondary marketing solutions and data services in the mortgage industry, announced the recent achievement of a significant milestone more than one year earlier than originally anticipated. We look forward to providing them with the innovative capabilities of our secondary marketing platform that so many mortgage lenders leverage to create compelling results,” said Scott Happ, CEO of Optimal Blue. “Achieving this exclusive industry milestone earlier than we anticipated is a strong testament to the incredible focus, commitment, and drive maintained by each and every Optimal Blue team member.” Historic low rates, record origination volumes, market volatility, and intense competitive pressures have created a unique set of challenges and opportunities for today’s mortgage lenders, often leading them to search for automation platforms that create sustainable, long-term competitive advantages. As a result, Optimal Blue’s Marketplace Platform—the mortgage industry’s dominant secondary marketing automation platform that houses its Product & Pricing Solution—has experienced a dramatic increase in adoption and set record levels of activity. Nearly $2 trillion of transactions are processed across the platform each year, facilitating a broad set of secondary market interactions like pricing, locking, hedging, and trading of mortgage loans.