Main Street Home Mortgage Announces Strategic Partnerships with Optimal Blue and Lender E-Source
September 11, 2007 (PRLEAP.COM) Business News
Main Street Home Mortgage Corporation has integrated Optimal Blue’s product eligibility and pricing engine (PPE) technology with its end-to-end, web based enterprise lending platform. Optimal Blue is the industry-leading provider for comprehensive, Web-based technology that couples decisioning technology with content management for larger mortgage bankers and lenders.
The Optimal Blue integration allows Main Street Home Mortgage to experience improved efficiency and accuracy by eliminating the need for redundant keying of data. Optimal Blue’s advanced mortgage automation system delivers product and pricing capabilities coupled with comprehensive, accurate content, enabling Main Street Home Mortgage staff to source, manage, price and lock loans in real time.
In addition, Optimal Blue maintains thousands of complex mortgage products, creating time savings that result in faster loan delivery and greater profitability for Main Street Home Mortgage.
“Mortgage bankers rely heavily on robust pricing and product analysis to ensure portfolio marketability,” said Main Street Home Mortgage co-founder and Executive Vice President John Morelli. “Optimal Blue is the ideal integration partner for Main Street’s enterprise lending technology platform because data integration is essential for the kind of fully managed end-to-end lending solution that is increasingly necessary in order to manage the ever changing requirements of both investors and the Capital Markets.”
Main Street Home Mortgage combines as many as eight key components of the loan origination and fulfillment processes, including vendor integration and integrated retail, private label, and co-branded websites, in a seamless configuration that fully supports complex compliance requirements in order to achieve an ideal regulatory and data security environment.