Optimal Blue has announced a bevy of product launches and changes, including the expansion of its lineup of assistants powered by artificial intelligence (AI).
Joining the company’s current suite of AI assistants available within Optimal Blue’s CompassEdge hedging and trading platform is Position Assistant, which, according to a statement from the company, “provides mortgage lenders with critical daily insights into changes in their risk exposure.”
It does so by automatically summarizing the top drivers that impact their hedged mortgage pipeline positions, evaluating factors such as changes in loan volume and hedging adjustments to offer a synopsis to assess and adjust risk.
“To effectively analyze a risk position, a secondary marketing manager must assess many complex data points,” said Mike Vough, vice president of hedging and trading products at Optimal Blue. “Summarizing that analysis has historically been a manual and time-intensive task.”
“With Position Assistant, we’re briefing clients with the information they need to manage risk exposure proactively, which is essential for maintaining profitability across changing market conditions.”
Additionally, the company announced improved functionality for its Profitability Assistant product with the addition of a monthly view of key profitability drivers to its daily insights overview.
Optimal Blue also introduced a new feature, dubbed Scenario Optimizer, to its product, pricing and eligibility (PPE) engine. The tool helps originators quickly find the most favorable loan scenarios for borrowers by generating side-by-side comparisons.
Finally, the company has made its Investor Pricing Insight data solution available at no cost to investor users. The shift in pricing comes with the addition of new functionality to Investor Pricing Insight, offering correspondent and wholesale investors the opportunity to benchmark their non-QM rate sheet pricing against other investors in real time.
