Optimal Blue, a cloud-based provider of managed-content, pricing and product eligibility, secondary marketing, consumer engagement, data and analytics, and compliance services, announced a partnership with Castle & Cooke Mortgage, an independent mortgage lender, to provide a pricing engine for Castle & Cooke’s new loan origination system.
According to Danny Jasper, Castle & Cooke’s senior vice president of capital markets, the ease-of-use of Optimal Blue’s Banker pricing engine was a significant driving factor.
“We were seeking a pricing engine that would be fully compatible with our new loan origination software,” Jasper said. “The management team at Castle & Cooke Mortgage had prior positive experiences with Optimal Blue, and it was deemed by the team to be the best option to fit our company's needs.”
According a joint release, Optimal Blue Banker connects hundreds of investors with more than 2,000 financial institutions and is currently the system of record for over $200 billion in mortgage locks annually.
Optimal Blue Banker allows originators to streamline product selection and workflow, which, in this case, results in a fully customized, automated solution to Castle & Cooke Mortgage's sales force.
In the release, Castle & Cooke said that it is “executing an aggressive growth strategy,” and will use the Optimal Blue solution to allow its loan officers to work more efficiently and close more loans.
"We expect Optimal Blue's technology to increase Castle & Cooke Mortgage's already exceptional customer service and to further streamline our lending processes," Jasper added. "Optimal Blue Banker provides a reliable, automated pricing engine that is unmatched in my opinion."