Adam Constantine on MLK Jr.’s impact on housing equality

During the interview, Constantine explains why the industry needs to focus on evoking intentional change rather than launching lackluster initiatives.

Managing Credit Risk in 2021 and Beyond

Join a panel of industry experts as they provide an economic outlook for 2021 and a discussion with regional bankers on how they are managing credit risk over the next several years.

Amid record-high origination volumes, mortgage fraud risk is down

CoreLogic's recently released Mortgage Fraud Report is the industry standard for nationwide fraud monitoring and analysis. Read the findings here.

Empowering women to be financially great with Dava Davin

Women of Influence winner Dava Davin joins Girlfunds to discuss everything from her best financial tip to her advice on starting the home-buying process.

M&A / FundingPolitics & Money

Report: Optimal Blue could sell for $1 billion

Optimal Blue has over 213,000 users and produces more than 240 million pricing quotes a year

Optimal Blue is on the market, according to a news report from Barron’s.

The publication reported last night that Optimal Blue’s owner, GTCR, is gearing up to put Plano, Texas-based Optimal Blue up for sale. Barron’s cited unnamed bankers and private-equity executives who were “familiar with the situation.”

Chicago-based private equity firm GTCR purchased Optimal Blue almost four years ago to the day for $350 million as part of a leveraged buyout, according to Crunchbase. The company is expected to sell for $1 billion, Barron’s said.

Optimal Blue’s online marketplace aims to connect originators, investors, and providers in the mortgage industry with each other. More than $750 billion of transactions are processed across the platform each year, facilitating a number of secondary market interactions such as pricing, locking, hedging, and trading of mortgage loans. 

The company at one time was primarily focused on building products that help mortgage lenders comply with federal laws and regulations on fair lending. But it now describes itself as “the leading provider of secondary marketing solutions and data services in the mortgage industry.”

Founded in 2002, Optimal Blue raised $22.4 million in venture capital in 2013. Today, the marketplace has over 213,000 users and produces more than 240 million pricing quotes a year, according to Barron’s. It has $110 million in annual revenue.

Neither GTCR nor Optimal Blue have yet responded to requests for comment.

.

Leave a comment

Most Popular Articles

Prepare for the rise in mortgage rates

Economists offer their takes on how high mortgage rates will climb, how lenders will respond and what impact this will have on the housing market. HW+ Premium Content

Jan 18, 2021 By

Latest Articles

Housing industry welcomes President Joe Biden

The housing industry welcomed President Joe Biden after he was sworn in as the 46th president of the U.S., and Vice President Kamala Harris, who became the first woman to serve in the office.

Jan 20, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please