Ellie Mae has announced that it would continue to work with Optimal Blue to enhance secondary marketing integrations between the Ellie Mae digital lending platform and Optimal Blue's platform.
The companies will expand their partnership by adding Optimal Blue's hedge analytics and loan trading tools in the Ellie Mae Marketplace. The firms said that they are also coming up with new initiatives to create new and enhance existing integrations Optimal Blue and the Encompass technology suite.
"Optimal Blue is proud of the work we have done over the past several years to strengthen our Ellie Mae partnership," said Scott Happ, president and CEO of Optimal Blue. "Increasing the joint value proposition to our mutual clients by building deeper and more meaningful pricing, hedging, and trading integrations between our platforms to create more efficient workflows is very exciting news for Optimal Blue, Ellie Mae, and our clients."
Ellie Mae and Optimal Blue plan to collaborate on these new integrations and workflow improvements throughout 2020.
"Ellie Mae is thrilled about the expansion of our partnership with Optimal Blue," said Parvesh Sahi, senior vice president of business development at Ellie Mae. "Ellie Mae is committed to enabling further innovation on the Ellie Mae digital lending platform with industry-leading partners like Optimal Blue. This investment to deepen our partnership enables both originators and the purchasers of mortgage loans originated on Encompass to benefit from Optimal Blue's broad secondary marketing capabilities."