Optimal Blue hopes to hook mortgage brokers with real-time rate feature

Quick Quote aims to provide brokers with timely, accurate quote offers on Optimal Blue's loan servicing platform

Black Knight’s Optimal Blue is looking to court mortgage brokers with its new pricing feature that provides up-to-date rates on its cloud-based loan servicing platform. 

Dubbed Quick Quote, the feature was added to Loansifter – its product, pricing and eligibility engine – and enables brokers to make accurate quote offers for products available to consumers at their immediate point of need, according to Optimal Blue. The company’s Loansifter PPE, a component of Black Knight’s suite of integrated solutions designed for brokers, supports execution searches across more than 120 wholesale investors.

“Today, nearly all customers begin the mortgage shopping process online, and they’ve come to expect instant, accurate and consistent information,” Scott Happ, president of Optimal Blue, said in a statement.

“If personalized pricing quotes aren’t available on your website, consumers will find them somewhere else. Quick Quote makes it easy for brokers using the Loansifter PPE to increase customer engagement by offering essential, self-service information exactly when mortgage shoppers need it,” Happ added. 

Optimal Blue said brokers can subscribe to both the Loansifter PPE and the Quick Quote module for access to the most updated rates through an immediate, self-service subscription model. Its customization feature allows brokers to add their brand elements and control what data is displayed so customers can access on-demand pricing on a broker’s corporate website, according to Optimal Blue. 

Among Black Knight’s suite of integrated solutions, cloud-based loan origination system LoanCatcher has application programming interface connectivity to Loansifter PPE. Launched in September 2021, LoanCatcher is an “end-to-end” solution that is integrated into its customer relationship management and marketing automation engine, called Surefire, according to Black Knight. 

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Black Knight acquired Optimal Blue in July 2020 in a $1.8 billion deal to boost origination offerings. At the time of acquisition, Optimal Blue, founded in 2002, had about 1,000 originators and 185 investors using the firm’s PPE engine, which produced more than 240 million pricing quotes per year, the firm said. 

The Florida-based mortgage tech and analytics firm has said it plans to combine its Compass Analytics business with Optimal Blue to form a new entity with minority co-investors Cannae Holdings Inc. and Thomas H. Lee Partners LP (THL). 

Following Black Knight’s acquisition hunt for cloud-based loan originators last year, NexSpring Financial’s loan origination system also was integrated with Optimal Blue’s Loansifter PPE in May.

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