Release Notes 10-13-22 - Optimal Blue "Get Pricing" Updates

Mortgage Coach Advice Engine has an integration with Optimal Blue (OB) to obtain pricing data for each Total Cost Analysis (TCA). The integration for Enterprise users is now easier to use and has been enhanced as described below.

What's New?

The OB Get Pricing feature now allows you to see rates above and below par for each loan product, directly pulling them into a loan scenario for your TCA. Theis enhancement.

• Eliminates the need to run searches outside of the Advice Engine, or manually input rates.
• Aligns pricing data from the OB interface to data accessed directly from Optimal Blue.  

Rates Above and Below Par

Prior to the update, the rates shown within the OB Get Pricing feature were only the BestX rates. For the loan product selected, Get Pricing pulled the BestX rate into the Advice Engine scenario.

Now When you select Get Pricing, you will see a plus sign (+) next to each loan product; click the "+" to show rate options above and below par (as illustrated in the following images). Drill down into each eligible option to see different rebates, discount, or lock variations.

BestX : best execution, rate closest to par for each eligible loan product offered

Select each rate and its corresponding lock, discount and rebate to populate those values in the loan scenario.

More Information

For more information on these pricing enhancements, please contact your Customer Success Manager