Tag Archives: mortgage AI

Optimal Blue Announces Ask Obi, an AI Assistant to Provide Mortgage Lending Executives With Real-Time Business Insights

Conversational generative AI chat assistant to provide easy-to-understand, interactive insights and graphical representations to help lenders maximize profitability

SAN DIEGO, Calif., Feb. 4, 2025 (SEND2PRESS NEWSWIRE) — Optimal Blue today announced Ask Obi, an AI assistant designed to provide mortgage lending executives with instant, actionable insights from their Optimal Blue products and data. Unveiled during Optimal Blue’s inaugural Summit user conference in San Diego, Ask Obi gives lenders the power to view their operations holistically with data aggregation across Optimal Blue’s comprehensive capital markets platform.

Image caption: Optimal Blue.

Ask Obi enables executives to inquire about intricate profitability metrics with simple, conversational queries – such as, “What markets had the greatest change in average margins from Q3 2024 to Q4 2024?” or “Which loan officers issued the most concessions over the second week of January 2025?” – and get easy-to-understand answers at a granular level to improve strategic decision-making.

“Our clients operate in a time when speed and accuracy matters, so having to wait for reports to be generated – only to then spend more time poring over those reports to get to the insights needed to make decisions – doesn’t make sense,” said Joe Tyrrell, CEO of Optimal Blue. “With Ask Obi, those hours of generating, compiling, and analyzing reports are replaced with accurate, real-time, personalized information, designed specifically for decision-makers, by delivering the data that matters most to their profitability. While other companies are talking about AI, but in reality are still trying to catch up to our accuracy and core capabilities, Optimal Blue has already embraced generative AI to solve real operational and capital markets challenges, all at no additional cost to our clients.”

“Ask Obi demonstrates the unique value clients realize by working with Optimal Blue, a provider of comprehensive capital markets technology,” said Erin Wester, chief product officer of Optimal Blue. “Through the power of generative AI, users can have an interactive conversation to better understand the data that drives their business. In contrast to other tools that may require filters and manual selections, Ask Obi is designed for ease of use and conversational interactions, while conveniently building off a user’s previous inquiries and suggesting preloaded questions.”

Available to Optimal Blue clients for beta testing later this month, Ask Obi offers complete access to a lender’s PPE data, with development work underway to expand access across Optimal Blue’s complete capital markets platform. This initiative aligns with Optimal Blue’s larger vision to deliver comprehensive interoperability among its end-to-end capital markets products, allowing clients to benefit from synthesized data and machine learning for enhanced margin management and profitability oversight.

Ask Obi is one of several innovations the company announced at its Summit, demonstrating its commitment to continuous investment in its products to help its clients maximize lending profitability.

About Optimal Blue:

Optimal Blue effectively bridges 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 American borrowers achieve the dream of homeownership. Through innovative technology, a network of interconnectivity, rich data insights, and expertise gathered over more than 20 years, Optimal Blue is an experienced partner that, in any market environment, allows lenders to optimize their advantage from pricing accuracy to margin protection, and every step in between. To learn more, visit https://OptimalBlue.com/.

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NEWS SOURCE: Optimal Blue

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Optimal Blue Announces Three Major Product Releases, Continuing Streak of Aggressive Product Innovation and No-Cost Feature Additions

Company expands AI assistant suite, releases tool to help originators identify most favorable loan scenario, and makes data benchmarking product available to investors at no cost

PLANO, Texas, Oct. 28, 2024 (SEND2PRESS NEWSWIRE) — Optimal Blue today announced three major product releases: the expansion of its AI assistant suite, the introduction of Scenario Optimizer, and the free availability of Investor Pricing Insight to investor clients. These product updates build on the company’s commitment to rapidly delivering high-impact solutions that tackle real-world challenges while helping clients maximize profitability.

Image caption: Optimal Blue.

“At Optimal Blue, we are setting an even higher bar for mortgage technology innovation by investing in advanced technologies that deliver value-based, first-of-their-kind features at no additional cost,” said Joe Tyrrell, CEO of Optimal Blue. “Each of these newly announced updates helps our clients address changing market conditions with agility, clarity, and precision. From loan officers to secondary marketing teams and investors, we empower mortgage professionals with tools designed to maximize their profitability on every loan transaction.”

EXPANDED AI ASSISTANT SUITE

Optimal Blue has expanded its suite of AI-powered assistants available within the CompassEdge hedging and trading platform with the launch of Position Assistant and the enhanced functionality of Profitability Assistant. This development builds on Optimal Blue’s July 2024 introduction of its first three AI-powered assistants, which help secondary marketing teams better manage risk and profitability with real-time insights that simplify complex data analysis.

The Optimal Blue Position Assistant provides mortgage lenders with critical daily insights into changes in their risk exposure by automatically summarizing the top drivers that impact their hedged mortgage pipeline positions. Profitability Assistant’s daily insights overview has been enhanced with a monthly view of key profitability drivers that allow users to assess performance quickly.

The AI assistant will be demoed live at the Mortgage Bankers Association Annual Convention and Expo on Tuesday, Oct. 29. The demo is part of the AI Tech Showcase, which will take place on THE HUB STAGE from 1:30 to 3 p.m. MT.

SCENARIO OPTIMIZER

The addition of Scenario Optimizer to Optimal Blue’s product, pricing, and eligibility (PPE) engine enables loan originators to quickly identify the most favorable loan scenarios for borrowers by automatically generating side-by-side loan comparisons. The feature boosts loan officer productivity while strengthening relationships with borrowers by delivering fast, digital service and transparent pricing guidance.

INVESTOR PRICING INSIGHT

Optimal Blue’s Investor Pricing Insight data solution is now available at no cost to investor users. Additionally, Optimal Blue has introduced new functionality to the solution that allows investors to benchmark their non-qualified mortgage (non-QM) rate sheet pricing against other investors in real time. Introduced in 2022, Investor Pricing Insight allows correspondent and wholesale investors to benchmark their pricing against competitors.

Additional new product announcements will be introduced live at the Optimal Blue Summit, a national user conference that will be held February 3–5, 2025, at the Marriott Marquis San Diego Marina. Additional details and registration information for the Summit are available on the Optimal Blue Summit 2025 website.

About Optimal Blue

To learn more, visit https://OptimalBlue.com/.

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Optimal Blue Launches New Generative AI Assistant Capabilities

PLANO, Texas /ScoopCloud/ -- Optimal Blue today announced the delivery of generative AI capabilities centered on helping lenders maximize profitability on every loan transaction. Through direct engagement with its thousands of clients, the company has begun delivering generative AI capabilities built for secondary-market-specific use cases and purposefully designed to solve the real-world challenges that mortgage lenders face. The company's launch of AI assistants has initiated with the release of three new AI capabilities in Optimal Blue's CompassEdge hedging and loan trading platform.

"Optimal Blue's priority is to continuously maximize profitability for lenders on every single loan, and generative AI affords us infinite opportunities to do so," said Joe Tyrrell, CEO of Optimal Blue. "We deploy an intentional approach to developing and delivering AI assistants with machine learning capabilities that are based on actual opportunities and challenges lenders are facing. At a time when there is so much noise in the industry with companies claiming to have AI, at Optimal Blue, we are delivering true AI with the sole purpose to increase profitability for lenders, so all of these generative AI capabilities are being provided to our clients at no additional cost. We believe that core innovation shouldn't represent incremental cost, but rather should be what you expect out of your partner."

Optimal Blue Chief Technology Officer Seever Sulaiman, who has led the development and adoption of the company's AI framework, added, "We've established a foundation for implementing AI capabilities across the entire organization. Our engineering team has been trained on utilizing AI tools internally to enhance productivity. This has, in turn, positioned us to deliver AI capabilities and other value-add innovation to our clients even faster."

As part of its directed focus on AI, Optimal Blue has channeled its decades of experience and expertise to launch three new AI-powered assistants in its CompassEdge platform. These capabilities - a Profitability Assistant designed for chief financial officers (CFOs), a Projections Assistant designed for capital markets leaders, and a Trade Assistant designed for leaders of a lender's trading desk - all help lenders reduce manual processes associated with profitability attribution, calculating projections, and optimizing trade selection.

"Secondary teams are responsible for maximizing pipeline profitability and communicating results to their executive teams, but doing so is fraught with time-consuming analyses, complex calculations, and inevitable human bias," said Mike Vough, vice president of hedging and trading products at Optimal Blue. "We built the AI-powered assistants in CompassEdge with these pain points in mind so our clients can benefit from more accuracy and less manual work, all in favor of more basis points and greater profitability. We estimate that these assistants can help save a secondary marketing manager up to 30 hours a month in some instances - valuable time that can instead be channeled toward more strategic work."

The first new capability in CompassEdge, Profitability Assistant, uses generative AI to write a succinct summary of the top drivers that caused a gain or loss of profitability in a pipeline, including new locks, fallout, loan sales, bulk AOT, and more. Designed specifically for CFOs and other members of a lender's executive team, these summaries promote greater transparency between secondary and the C-suite.

Another new capability, Projections Assistant, uses AI to predict the real-time impact of various factors on the risk profile of a hedged mortgage pipeline, including originations, fallout, loan sales, and more. Otherwise requiring a seasoned capital markets professional, Projections Assistant automates the consumption of Optimal Blue's extensive data sets and completes complex calculations to deliver extremely granular projections for position management.

Finally, Trade Assistant uses AI to reduce the guesswork that goes into the selection of a hedge, a process that would otherwise require an experienced capital markets professional. With one click, the tool suggests a combination of sells, buys, rolls, and swaps to maximize effectiveness in alignment with a lender's hedge policy, while minimizing transaction cost.

All three AI assistants are available to CompassEdge users for no additional fee.

About Optimal Blue:

Optimal Blue effectively bridges 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 American borrowers achieve the dream of homeownership. Through innovative technology, a network of interconnectivity, rich data insights, and expertise gathered over more than 20 years, Optimal Blue is an experienced partner that, in any market environment, allows lenders to optimize their advantage from pricing accuracy to margin protection, and every step in between. To learn more, visit https://OptimalBlue.com/

Optimal Blue today announced the delivery of generative AI capabilities centered on helping lenders maximize profitability on every loan transaction. Through direct engagement with its thousands of clients, the company has begun delivering generative AI capabilities built for secondary-market-specific use cases and purposefully designed to solve the real-world challenges that mortgage lenders face.

Related link: https://www2.optimalblue.com/