Newly Released Optimal Blue Mortgage Market Indices Deliver a New Level of Rate Transparency to the Industry

Consumers & Industry Professionals Gain Unique Insights into Key
Product & Credit Risk Factors that Impact Nationwide Mortgage Pricing

PLANO, Texas–(BUSINESS WIRE)–Optimal
Blue
®, operator of the mortgage industry’s leading
secondary marketing automation platform, announced today the release of
its latest market innovation – Optimal
Blue Mortgage Market Indices
or OBMMI.
Created to provide consumers and mortgage professionals with greater
visibility into key drivers of mortgage pricing, OBMMI provide an
unprecedented level of daily insight into observed mortgage
transactions. Based on actual locked rates with consumers across more
than 30% of all mortgage transactions nationwide, OBMMI provide the most
comprehensive, accurate, timely, and interactive analysis of pricing
ever conducted in the mortgage industry.

Scott Happ, CEO of Optimal Blue, said, “This is an important milestone
in Optimal Blue’s transformation from a pricing engine to a digital
mortgage marketplace. We are uniquely positioned to introduce these new
benchmarks and trust they will be of value to a broad range of
participants looking for transaction-based mortgage price data.”

In this groundbreaking inaugural release of OBMMI, Optimal Blue provides
multiple mortgage rate indices developed around the most popular
mortgage loan products and specific borrower attributes. Each of the
sixteen mortgage indices are represented with the national average of
mortgage rates locked by consumers each day and include the change from
the previous day. Indices can be compared through compelling interactive
and configurable visualizations. For example, users can easily select
pre-defined or custom time periods to isolate specific market movements
or illustrate unique trends, such as the well documented
jumbo-conventional spread inversion that currently exists.

“For close to two decades, Optimal Blue has led the mortgage industry
with pricing automation technology designed to facilitate transactions
between consumers and lenders,” explained Bob Brandt, VP of Marketing
and Strategic Alliances at Optimal Blue. “Complete with the industry’s
largest product and pricing library and backed by an unparalleled
commitment to accuracy, Optimal Blue’s platform ensures that consumers
are presented with the best-fit financing alternatives and that lenders
consistently deliver the best price. OBMMI will help both audiences
better understand trends and pricing in the mortgage market.”

ABOUT OPTIMAL BLUE

Optimal Blue, a financial technology company, operates the nation’s
largest Digital Mortgage Marketplace, connecting a network of
originators and investors and facilitating a broad set of secondary
market interactions. The company’s technology solutions include product
eligibility and pricing, lock desk automation, risk management, loan
trading, and data and analytics. More than $750 billion of transactions
are processed each year across the Optimal Blue platform, including
approximately 30% of all consumer mortgage rate locks. For more
information, please visit www.optimalblue.com.

Contacts

Robert J. Brandt
Vice President, Marketing & Strategic Alliances
(469)
609-5585
bbrandt@optimalblue.com