Market Overview

Optimal Blue's Resitrader Becomes Industry's First to Release End-to-End Pricing & Commitment Integration with Freddie Mac

Share:

Mutual Clients Immediately Gain Efficiencies in Pricing, Committing &
Trading Freddie Mac Loans

Optimal
Blue
, the leading secondary marketing automation platform and
largest online exchange for whole loan trading, announced today the
completion of integration with Freddie Mac's Loan Selling AdvisorSM
application programming interface. By connecting the two platforms in
real-time, Optimal Blue has enabled significant workflow efficiencies
for its clients by fully automating the process of pricing Freddie Mac
loans and securing Freddie Mac commitments.

The planning for this highly demanded interface began months ago, guided
by the initial goal of bringing additional operational improvements to
Freddie Mac sellers and servicers that utilize Optimal Blue's innovative
whole loan trading platform, Resitrader. Available immediately to all
Resitrader clients without the burden of time-consuming system upgrades,
this integration enables users to seamlessly acquire Freddie Mac pricing
data and facilitates comparisons against alternative executions such as
bulk bids. Additionally, this advanced integration enables the automated
commitment of Freddie Mac loans by returning trade confirmations
directly back to the Resitrader user, thus eliminating the need to
utilize multiple systems to conduct a single transaction.

"Optimal Blue's integration enables me to swiftly compare live quotes
and complete pricing from Freddie Mac against all of my execution
options," explained Anthony Bruschi, Director, Capital Markets Trade
Desk at New Penn Financial. "Additionally, I am able to commit all loans
with Freddie Mac efficiently and accurately without ever having to leave
the Resitrader system."

Now that Freddie Mac's Loan Selling AdvisorSM has been
integrated with Optimal Blue's Resitrader, the company has turned its
attention toward leveraging this automation with the other solutions in
its enterprise secondary marketing platform. Optimal Blue's next phases
will enable Freddie Mac pricing and commitment integrations with its
hedge advisory and market-leading product and pricing solutions. In
doing so, Optimal Blue will provide an efficient, end-to-end user
experience for loan officers and secondary professionals conducting
business with Freddie Mac.

"Optimal Blue is completely aligned with Freddie Mac's commitment to
deliver compelling innovations to our joint clients," said Bob Brandt,
Vice President of Marketing and Alliances at Optimal Blue. "Our
end-to-end pricing and commitment integration between the Resitrader
platform and Freddie Mac's Loan Selling AdvisorSM is a
perfect representation of this, bringing first-to-market innovations to
our clients to further facilitate automated transactions between the
buyers and sellers of mortgage loans through our Digital Mortgage
Marketplace."

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. For more
information, visit www.optimalblue.com.

ABOUT FREDDIE MAC

Freddie Mac makes home possible for millions of families and individuals
by providing mortgage capital to lenders. Since our creation by Congress
in 1970, we've made housing more accessible and affordable for
homebuyers and renters in communities nationwide. We are building a
better housing finance system for homebuyers, renters, lenders and
taxpayers. Learn more at FreddieMac.com,
Twitter @FreddieMac
and Freddie
Mac's blog
.

View Comments and Join the Discussion!