Optimal Blue Unveils Innovative AI Tools to Transform Mortgage Professionals’ Workflow

Optimal Blue's user summit unveiled seven innovative products, including the AI assistant Ask Obi, aimed at enhancing efficiency for mortgage professionals.

At its inaugural user summit, Optimal Blue rolled out seven cutting-edge products aimed at streamlining the work of mortgage professionals.

A Standout Innovation

A standout among these is Ask Obi, an innovative AI assistant designed for mortgage executives.

Ask Obi provides instant access to invaluable insights and data from Optimal Blue’s extensive service range, featuring an easy-to-navigate interface for efficient information retrieval.

CEO Joe Tyrrell emphasized that today’s mortgage professionals need timely and precise information, pointing out the inefficiencies of waiting for reports and the subsequent data analysis.

Erin Wester, Optimal Blue’s chief product officer, dove deeper into Ask Obi’s functionalities, highlighting its generative AI capabilities that enable interactive conversations to better understand essential business data.

Unlike cumbersome tools that require tedious filtering, Ask Obi simplifies user interactions and even suggests follow-up questions based on previous chats.

Additional Product Offerings

The beta testing for Ask Obi is set to kick off later this month.

Furthermore, Optimal Blue introduced six additional products: Originator Assistant, Rules Optimizer, Ratesheet Tool, Confirm Assistant, Mortgage Rate Futures, and the Solution Center; all of which seamlessly integrate with their existing product pricing engine (PPE).

  • The Originator Assistant helps loan officers discover better pricing options.
  • The Rules Optimizer allows lenders to create a unified rule for multiple investors, complete with tracking and scheduling.
  • The Ratesheet Tool automates the production of rate sheets, catering to origination and secondary pricing models.
  • The Confirm Assistant is designed to streamline trade confirmation processing and reduce human error.
  • Mortgage Rate Futures offers a forward-looking approach for originators to hedge against rate-related risks.
  • Lastly, the Solution Center is a new marketplace that connects lenders, investors, and vendors to showcase mortgage solutions collaboratively.

Conclusion

These advancements by Optimal Blue signify a commitment to enhancing efficiency and providing mortgage professionals with the tools they need to thrive in a competitive landscape.

Source: Housingwire