As a result of the partnership, lenders that utilize Blend and Optimal Blue technology will be able to seamlessly integrate pricing workflows into Blend, resulting in an end-to-end digital mortgage platform with a sleek user interface that significantly improves lender efficiency. The combination of these two industry-leading solutions will provide more transparent and streamlined mortgage application experiences built on robust data connectivity, empowering lenders to provide a more complete decision-ready application – faster than ever before.
"Optimal Blue is focused on developing technology that empowers lenders to make smart, accurate decisions while producing the best loan options for their borrowers," said Optimal Blue CEO Scott Happ. "This partnership with Blend moves our mission forward by introducing our pricing workflow into an emerging platform with a modern interface."
"At its core, Blend was built to propel the mortgage process into the digital age," said Nima Ghamsari, CEO & co-founder of Blend. "We're committed to providing the best customer experience and the most efficient path toward homeownership. Partnering with industry technology leaders like Optimal Blue makes that experience even better."
About Optimal Blue
Optimal Blue operates the mortgage industry's digital marketplace, connecting lenders, investors and providers. At the center of our marketplace is a robust analytics engine containing the industry's largest library of loan programs and real-time loan pricing data. The engine is surrounded by a workflow automation system that enables lenders to price, lock and sell mortgage loans while managing risk and maximizing efficiency.
Through marketplace participation, investors gain access to the largest network of lenders and brokers in the industry while leveraging tools to automate data exchange, improve decision making and source new business. Value-added providers represent an important third group of marketplace participants, consuming pricing data to enhance the value of their solutions for Optimal Blue lenders. Together these lenders, investors and providers form a unique, multi-sided marketplace touching one of every four mortgage loans closed nationally each year.
Blend is a Silicon Valley technology company transforming the multi-trillion dollar home mortgage industry. Blend's technology delivers speed and efficiency to lenders, so they can serve the modern borrower and safely navigate the industry's changing rules and regulations.
Founded in May 2012, Blend is backed by Peter Thiel, Andreessen Horowitz, Formation 8, Lightspeed, Max Levchin, Hans Morris, and other leading venture investors. To learn more, visit blend.com.
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SOURCE Optimal Blue