Ellie Mae®, the leading cloud-based loan origination platform for the mortgage industry, announced today the expansion of the strategic partnership with Optimal Blue®, the leading secondary marketing automation platform in the mortgage industry. The expansion includes the collaboration on multiple next-generation, API-based integrations between the Ellie Mae Digital Lending Platform and the Optimal Blue’s Marketplace Platform™ – specifically the company’s flagship Product & Pricing, Hedge Analytics, and Loan Trading solutions. Additionally, Optimal Blue’s Hedge Analytics and Loan Trading solutions now join Optimal Blue’s Product & Pricing as recommended solutions in the Ellie Mae Marketplace™.
Focused on creating a seamless, end-to-end workflow between lenders and investors, Ellie Mae and Optimal Blue are underway with new initiatives to rethink how to best leverage Ellie Mae’s Digital Lending Platform and Optimal Blue’s industry-leading pricing, hedging, and loan trading capabilities to benefit both sellers and Investors. Their collective efforts will create new and further enhance existing integrations between Optimal Blue and Encompass Consumer Connect®, Encompass LO Connect®, Encompass TPO Connect®, and Encompass Investor Connect® solutions that will enable a completely automated data and document exchange between their lender and investor clients. The companies plan to collaborate on these new integrations and efficient workflow improvements throughout 2020.
“Ellie Mae is thrilled about the expansion of our partnership with Optimal Blue,” said Parvesh Sahi, senior vice president, business development for Ellie Mae. “Ellie Mae is committed to enabling further innovation on the Ellie Mae Digital Lending Platform with industry-leading partners like Optimal Blue. This investment to deepen our partnership enables both originators and the purchasers of mortgage loans originated on Encompass to benefit from Optimal Blue’s broad secondary marketing capabilities.”
“Optimal Blue is proud of the work we have done over the past several years to strengthen our Ellie Mae partnership,” explained Scott Happ, President & Chief Executive Officer of Optimal Blue. “Increasing the joint value proposition to our mutual clients by building deeper and more meaningful pricing, hedging, and trading integrations between our platforms to create more efficient workflows is very exciting news for Optimal Blue, Ellie Mae, and our clients.”
About Ellie Mae
Ellie Mae is the leading cloud-based platform provider for the mortgage finance industry. Ellie Mae’s technology solutions enable lenders to originate more loans, reduce origination costs, and shorten the time to close, all while ensuring the highest levels of compliance, quality and efficiency. Visit EllieMae.com or call 877.355.4362 to learn more.
About OPTIMAL BLUE
Optimal Blue, a financial technology company, is the leading secondary marketing automation platform in the mortgage industry. The company’s platform connects one of the industry’s largest networks of mortgage originators and investors to facilitate a broad set of secondary market interactions. More than $1 trillion of mortgage transactions are processed each year on the Optimal Blue platform, specifically through its highly unique product and pricing, lock desk automation, hedge analytics, and loan trading solutions. For more information, visit www.optimalblue.com.
Ellie Mae, Inc.