What Is Optimal Blue

Optimal Blue operates the mortgage industry’s digital marketplace which connects lenders, investors and providers with comprehensive secondary marketing solutions, market leading capabilities and value-added services that deliver results.

What is the optimal blue PPE?

The Loansifter PPE supports best execution searches across more than 120 wholesale investors, granting you easy access to the industry’s largest network of wholesale investors. Save valuable time and significantly improve day-to-day workflow efficiencies through a direct LOS integration with Calyx Point® or Encompass®.

Who owns Optimal Blue?

Black Knight will own 60% of the new entity. Optimal Blue was purchased for an enterprise value of $1.8 billion funded with cash on hand, debt financing and investments from Cannae and THL. Trasimene Capital Management acted as the financial advisor to Black Knight.

When did Black Knight acquire Optimal Blue?

15, 2020 – Black Knight, Inc. (NYSE:BKI), a leading provider of software, data and analytics solutions to the mortgage and consumer loan, real estate and capital markets verticals, announced the completion of its acquisition of Optimal Blue, a leading provider of secondary market solutions and actionable data services.

How many employees does Optimal Blue have?

Optimal Blue Holdings, LLC has 55 total employees across all of its locations and generates $22.70 million in sales (USD). (Sales figure is modelled).

How do I change my profile on Optimal Blue?

On the Profile Change Search Form, change the appropriate fields for the new loan scenario, and click Submit. Click the Show link next to the product. Click the lock icon for the appropriate rate from the grid. To submit the change request, click the Submit button.

How much does Loan Sifter cost?

Loansifter PPE pricing starts at $79.00 per user, per month. They do not have a free version. Loansifter PPE does not offer a free trial.

Who owns Black Knight?

Black Knight, Inc.

What companies does Black Knight own?

Black Knight, through ServiceLink and BKFS, now owns and operates the former LPS businesses and FNF’s ServiceLink business. FNF’s core operating subsidiaries now consist of Fidelity National Title Group, Inc. and Black Knight.

What is Ellie Mae Inc?

Ellie Mae, Inc. provides electronic mortgage origination in the United States. The Company offers network and technology solutions which help streamline and automate the mortgage origination process. Ellie Mae’s network connects mortgage professionals to mortgage lenders, investors, and service providers.

Does Optimal Blue have a mobile app?

Easy Mortgage Apps (EMA), the mobile-first platform where borrowers, loan officers and realtors communicate, upload info, and track in-process loans. The EMA native app is industry compliant and seamlessly integrates into all major loan processing systems.

What does PPE stand for mortgage?

A product pricing engine (PPE) is a software that streamlines the beginning of the loan process to calculate pricing options. Using a pricing engine, mortgage professionals can automate the generation of different loan pricing scenarios with varying rate options.

What is a product and pricing engine?

Product and Pricing Engines (PPE) are tools used to enhance your lending strategy and operations. Utilizing a PPE can assist you with product eligibility information and pricing to best meet the needs of our customer and improve profitability.

Is SAAS a Black Knight?

Black Knight, Inc., formerly known as Black Knight Financial Services, is an American corporation that provides integrated technology, services, data and analytics to the mortgage and real estate industries.Black Knight, Inc. Black Knight headquarters Traded as NYSE: BKI Russell 1000 Component Founded Florida, USA October 27th, 2014.

Is Black Knight good or bad?

Black Knight: Origin and Background This version, Sir Percy of Scandia, was an actual knight of Camelot who battled Mordred the Evil after the death of King Arthur. This Black Knight became a villain, battling the Avengers before repenting and passing the sword on to his nephew, Dane Whitman.

Were there any Black Knights?

James Stewart, the Black Knight of Lorn, a descendant of Robert I of Scotland, lived in the late 14th and early 15th centuries. Knights Hospitaller, distinguished by their black mantles. Zawisza the Black of Garbów also known as “the Black Knight” or “First knight of Europe”, was a Polish knight and nobleman.

Who is the CEO of Black Knight?

Anthony Jabbour Chairman and CEO As Chairman and Chief Executive Officer of Black Knight, Inc.

Who are Black Knight’s competitors?

Black Knight Financial Services competitors include Genpact, Charles Schwab, Ocwen Financial and Wyndham Capital Mortgage.

Is Black Knight a hero or villain?

The Black Knight is the name of two characters in the Marvel universe, the first being a villain, and the second a hero.

Is Ellie Mae a good company?

As with any company there will be a mix of good business people but poor people managers, but overall the benefits and opportunity for learning and contributing to overall success are positive. Benefits package is great.” “I’ve worked at Ellie Mae for over 4 years. It has a decent work-life balance.”.

What is Ellie Mae worth?

In April 2019, Ellie Mae was acquired by Thoma Bravo, LLC, a private equity investment firm, in an all-cash transaction that valued Ellie Mae at an aggregate equity value of approximately $3.7 billion.

Is Ellie Mae legitimate?

Ellie Mae is a mortgage industry pioneer dedicated to facilitating communications between mortgage brokers, their partners, and their clients, all in a secure and compliant environment. Ellie Mae creates the tools needed to conduct business and truly automate the loan process from origination through closing.

What are the FHA loan limits for 2020?

Thanks to increases in home prices in 2019, the Federal Housing Administration loan limit will increase for nearly all of the country in 2020. According to an announcement from the FHA, the 2020 FHA loan limit for most of the country will be $331,760, an increase of nearly $17,000 over 2019’s loan limit of $314,827.

Do you have to pay a loan broker?

Currently, most brokers are paid an upfront commission by the bank that finances the loan. Instead, a customer would pay an upfront fee for the arrangement of the loan — whether through a broker or directly with a bank — which will likely be loaded into the total sum of the mortgage. There would be no ongoing fees.

What is a pricing engine mortgage?

A pricing engine is an automated software solution that allows the mortgage originator to enter variables like employment details, credit details, and desired loan details. When the data is submitted, the pricing engine returns different loan pricing scenarios based on a borrower’s unique profile.

What is pricing in mortgage?

Price: This is the percent of the loan amount that investors are willing to purchase. If the mortgage company wants to make a profit on the loan, they must charge a higher price to the consumer than what the secondary market is willing to pay for that loan, or charge borrowers points to make up the difference.