PLANO, Texas--(EON: Enhanced Online News)--Optimal Blue, LLC, was named to the Fast Tech Award listing Friday, August 23 at the Metroplex Technology Business Council’s Tech Titans Awards Gala.
“As the mortgage landscape continues to respond to regulatory shifts, technology advances, and increasing consumer-led initiation, we are uniquely positioned to manage pricing and eligibility where and when it’s needed in the lending process”
The award presentation – sponsored by Travis Wolff, LLP, Comerica Bank and the Dallas Business Journal – revealed the list of the 35 companies as well as their ranking.
Optimal Blue, ranked number 24 on the prestigious list, develops and delivers highly configurable, intuitive enterprise lending solutions for mortgage banks, community banks and credit unions.
“We are proud of this achievement. Being named to the Fast Tech list indicates a high level of performance and growth,” said Larry Huff, Optimal Blue Co-CEO. “In 2011-2012 we worked to achieve a 34% increase in revenue and a 39% increase in operating income. These numbers are significant because they affirm growing market demand and customer confidence in our forward-thinking products and services.”
Nearly 500 lenders use Optimal Blue products and services to automate and manage the “round trip” of loan pricing – from Wall Street, to Main Street, and back again. Their signature technology, the product eligibility and pricing engine, broke new ground by automating best-fit product analysis with product validation, automated locking and workflow, among many other innovations.
Optimal Blue recently unveiled Optimal Advantage, a Fair Lending and Disparate Impact solution. It is the first solution of its kind to integrate fair lending compliance workflow into the point of sale at the time a consumer locks a loan.
“As the mortgage landscape continues to respond to regulatory shifts, technology advances, and increasing consumer-led initiation, we are uniquely positioned to manage pricing and eligibility where and when it’s needed in the lending process,” said Huff. “This is why we expect significant growth to continue through 2013 and beyond.”
In its 13th year, the Fast Tech Award honors the fastest growing technology, media, telecommunications, life sciences and clean technology companies in the Dallas-Fort Worth Metroplex, based on revenue growth from 2010 to 2012. The ranking is compiled from nominations submitted directly to the Metroplex Technology Business Council (MTBC), and through independent research using publicly available information conducted by the MTBC, Travis Wolff, LLP and Comerica Bank.
“At the MTBC, we keep our finger on the pulse of what is happening in the tech industry in North Texas,” said Bill Sproull, president and CEO of the MTBC. “These fast growing companies are what makes our technology industry so vibrant…keep your eyes on them!”
About Optimal Blue
Founded in 2002, Optimal Blue is a Web-based provider of managed content, product eligibility, pricing and secondary marketing (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 in a compliant manner, 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.
About Metroplex Technology Business Council
The Metroplex Technology Business Council (MTBC) is the innovation hub for North Texas’ technology community and actively connects entrepreneurs, universities and corporations for significant technological advancements. Founded in 1994 as a non-profit organization with approximately 300 members, it includes technology businesses and providers from across the DFW Metroplex. The MTBC is a TITAN, focused on growing Talent, Innovation, Tech Titans, Advocacy and Networking. It promotes the Dallas region as the center of cloud computing and fosters a culture of innovation among major technology companies in the region. Events include monthly Tech Industry Luncheons, Cloud Computing Special Interest Group Events, CEO Forums, Tech Week in Austin and the annual Tech Titans Awards Gala event. More information about MTBC can be found online by visiting www.metroplextbc.org.
Founded in 1991, TravisWolff is a growing, independent accounting and advisory firm that offers a full range of assurance, tax and consulting services to emerging companies, established companies, and successful individuals and families. Additionally, TravisWolff provides specialized services in the areas of business valuation, compensation and benefits planning, IT auditing, collaborative divorce consulting, employee benefit plan audits, estate planning, exit planning, litigation services and forensic accounting. Headquartered in Dallas, TravisWolff serves clients in Texas, throughout the country and offshore. As a member of Moore Stephens International, TravisWolff extends its services to the global market. TravisWolff participates in the American Institute of Certified Public Accountants (AICPA) Peer Review Program and is registered with the Public Company Accounting Oversight Board (PCAOB). For more information, please visit traviswolff.com.
About Comerica Bank’s Technology and Life Sciences Division
Comerica Bank’s Technology and Life Sciences Division is one of the nation's leading technology banking practices, offering a wide range of financial services tailored to corporate customers, entrepreneurs and professionals. Veteran bankers provide credit and financial services and products to young, growing, professionally backed technology and life sciences companies, as well as their more mature counterparts. The Technology and Life Sciences Division serves all major U.S. technology centers from offices coast-to-coast and its headquarters in Palo Alto, Calif. Comerica Bank is a subsidiary of Comerica Incorporated (NYSE: CMA), a financial services company that is among the 20 largest U.S. banking companies, with $57 billion in assets at March 31, 2010. For more information, visit www.comerica.com