Mortgage Builder Software Partners with Optimal Blue

Partnership integrates LOS with product eligibility and pricing engine, enables lenders to lock online with investors

Mortgage Builder Software clients, long accustomed to ease of use and one-price-includes-everything features, will be able to do all their product selection, pricing and secondary marketing activities without leaving the Mortgage Builder environment. Mortgage Builder today announced it has created a partnership with Plano, Texas-based Optimal Blue, developer of a comprehensive, Web-based platform that couples decisioning technology with content management for the mortgage industry.

“This is just one reason we wanted to partner with Optimal Blue,” said Keven Smith, president and CEO of Mortgage Builder. “They have been introducing innovations year after year, and we wanted to ensure that our clients could leverage Optimal Blue’s revolutionary capabilities.”

The integration with Optimal Blue ensures that Mortgage Builder users can adapt to the rapidly changing mortgage market. This integration provides Mortgage Builder clients with access to comprehensive, accurate content, enabling users to source, manage, price and lock loans in real time. In addition, users can automate their lock requests and confirmations.

“Optimal Execution is tailor-made for today’s secondary marketing professional,” according to Smith. “It validates price at the point of locking and provides live monitoring of intra-day price movement, helping lenders reduce their exposure to market risk. Its full-featured approach is something we understand very well, since it’s how we designed Mortgage Builder over a decade ago. Mortgage Builder is renowned for including all of its features, from document imaging to electronic delivery, in its core package of services, without extra charges.”

“We wanted to partner with Mortgage Builder because its longevity in the industry and track record of innovation,” said Larry Huff, president of Optimal Blue, “They understand the concept of adding value, as we do, and the importance of visionary thinking. This integration allows Mortgage Builder users to benefit from Optimal Blue’s accurate and up-to-date pricing information, which saves time, improves efficiencies and reduces costs.”

Mortgage Builder has been providing the mortgage industry with a true end-to-end solution for more than 30 years, the last ten under the Mortgage Builder brand. More than a loan origination system, Mortgage Builder handles everything from prequalification through interim servicing and delivery, without the need for outside software, whether for retail or wholesale production models. Mortgage Builder also has the lowest client turnover rate in the industry. Theirs is as impressive a client retention rate as any company can have, and we want to be associated with the best.”

About Mortgage Builder

Headquartered in Southfield, Michigan, Mortgage Builder Software, Inc. has been providing industry-leading loan origination software (LOS) to mortgage banks, community banks, credit unions and financial institutions for over ten years, and was the first to provide a Linux-based LOS. Mortgage Builder is an end-to-end mortgage lending solution for both retail and wholesale production business models, delivering pre-qualification tools, processing, underwriting, closing, post-closing, final document tracking, secondary marketing, warehousing, delivery, interim servicing and construction loan tracking, with application service provider (ASP), purchase and Software as a Service platform options. Mortgage Builder maintains the highest customer retention rate in the industry, as well as the highest implementation success rate. The company was named by Mortgage Technology Magazine as one of the industry’s Top 50 Service Providers and was a finalist for Mortgage Technology’s prestigious 2007 Help Desk Award, recognizing outstanding customer service. For more information, visit www.mortgagebuilder.com.

About Optimal Blue

Founded in 2002, Optimal Blue is a Web-based provider of product eligibility and pricing engine (PPE) technology. Based in Plano, Texas, Optimal Blue has developed a comprehensive suite of products designed to give lenders the ability to automate the management and distribution of their products and pricing, enabling originators to then source, manage, price and lock loans in a way that is efficient, accurate and easy to use. Without having to be technology experts, Optimal Blue’s solutions allow clients to leverage superior technology and content for a competitive advantage. For more information, please visit www.optimalblue.com.

Press Contacts:

Jim Hennessy Jennifer-Robyn Meier

Strategic Vantage for Mortgage Builder William Mills for Optimal Blue

858.774.0201 678.336.6540