In response to the volatility in the mortgage industry caused by COVID-19, Optimal Blue has launched a new technology that leverages mortgage data currently available in the market.
Optimal Blue's new Market Analytics tool enables users to utilize a comprehensive database of primary mortgage market data, which can be used for benchmarking, valuation, market research, and proprietary forecasting. Market Analytics uses the company's flagship mortgage rate-lock data collected from one-third of all US mortgages completed every year.
The new offering is also available via Optimal Blue's Market Data License, which can be connected to the user's internal data warehouse and support custom analytics.
“Optimal Blue sits atop a sea of unique mortgage data that may be used, in real-time, to understand changes in key measures such as rate spreads, loan volume, and home prices,” said Optimal Blue CEO Scott Happ. “Optimal Blue is focused on helping our clients, and the industry leverage this information to create greater market visibility and facilitate better decision making.”
Market Analytics and Market Data License are part of Optimal Blue's suite of data and analytics products, including its proprietary Optimal Blue Mortgage Market Indices, Competitive Analytics, Enterprise Analytics, and Enterprise Data License.