Plano, Texas-based Optimal Blue, a cloud-based provider of enterprise mortgage solutions, announced a new solution for market pricing intelligence called Optimal Blue Insight.
The new solution is designed to provide real-time price benchmarking services and retail pricing information for 470 lenders across 280 metropolitan areas nationwide.
Through the solution, lenders have up to the minute access to fully adjusted competitor pricing, including all loan level pricing adjustments, margin and loan officer compensation.
In addition, the pricing is segmented so users can see high, medium and low volume lenders in each market.
“Optimal Blue Insight enables lenders to compare their retail pricing against the rest of the market for all loan types and loan scenarios,” said James Rowe, managing director of Data and Analytics. “It provides actual consumer facing prices – not survey responses – which is an important competitive edge for optimizing volume and profitability.”