PLANO, Texas--(EON: Enhanced Online News)--Optimal Blue, LLC and Secondary Interactive, LLC announced today that Secondary Interactive has been re-named Optimal Blue Secondary Services and will now operate as a business unit of the organization. This completes Secondary Interactive’s integration into the Optimal Blue unified brand. No changes will be made to Secondary Interactive’s products, services or management.
“When we acquired Secondary Interactive in 2008, it was a great opportunity to add their comprehensive secondary hedging services into Optimal Blue’s existing enterprise lending services and technologies”
Optimal Blue Secondary Services’ powerful, innovative technology delivers cutting-edge, comprehensive secondary market hedging, best execution and loan allocation services. By infusing real-time market data and accurate investor pricing and eligibility content into those services, Optimal Blue Secondary Services gives mortgage bankers a competitive advantage by ensuring decisions are made on accurate data, with accurate pipeline valuations, and that commitment decisions are based on real-time market conditions. All this means greater operational efficiency and secondary marketing revenue.
“When we acquired Secondary Interactive in 2008, it was a great opportunity to add their comprehensive secondary hedging services into Optimal Blue’s existing enterprise lending services and technologies,” says Lawrence Huff, co-founder and co-CEO of Optimal Blue. “Over the years the synthesis has delivered powerful services for every step of the mortgage process and proven to be of great value to our customers. This is the final step in that synthesis.”
Adds Don Brown, Secondary Interactive’s founder and president of Optimal Blue Secondary Services: “The name change is more than symbolic. It completes a process we started years ago when powerful technologies combined to create a sum greater than their parts. We are proud to be a part of the Optimal Blue family, and now have the same family name.”
About Optimal Blue
Founded in 2002, Optimal Blue is a Web-based provider of product eligibility and pricing engine (PPE) technology and enterprise lending services. 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, pricing and secondary marketing activities, enabling originators to then source, manage, price, lock and sell loans in a way that is efficient, accurate and easy to use. Optimal Blue’s solutions allow clients to leverage superior technology and content for a competitive advantage without having to be technology experts. For more information, please visit www.optimalblue.com.