TheMReport — News and strategies for the evolving mortgage marketplace.
Issue link: http://digital.themreport.com/i/1472906
10 | M R EP O RT MTECH SOMETIMES, IT'S GOOD TO BE A FOLLOWER. Follow MReport on social media to put the latest mortgage banking news, stories, strategies, and insights at the touch of your fingertips. MReport @TheMReportNews The MReport SOMETIMES, IT'S GOOD TO BE A FOLLOWER. Follow MReport on social media to put the latest mortgage banking news, stories, strategies, and insights at the touch of your fingertips. MReport @TheMReportNews The MReport SOMETIMES, IT'S GOOD TO BE A FOLLOWER. Follow MReport on social media to put the latest mortgage banking news, stories, strategies, and insights at the touch of your fingertips. MReport @TheMReportNews The MReport industry—97% MLS Coverage and 99% jurisdictional cover- age; enables the examination of current servicing customers, as well as noncustomer lists; helps reduce attrition and boost reten- tion as current customers buy new homes and new homeown- ers move into your customers' recently sold homes; alerts loan servicers to possible short sales; utilizes non-FCRA data—no firm offer required; and details listing date, listing price, broker contact information, changes in listing sta- tus, and average number of days on market for the neighborhood. "It's no secret—today's market is extremely tight and competitive. At Xactus, we have an unrivaled commitment to our customers' success and are working diligently to offer solutions like Active Listing Scan that will help them close more loans more quickly," said Michael Crockett, Chief Data Officer of Xactus. Xactus is the new name for the recently merged family of com- panies that includes Credit Plus, Universal Credit Services, CIS Credit Solutions, Avantus, and DataFacts Lending Solutions. New Single-Source Price Offering OPTIMAL BLUE LAUNCHES LEAD-QUOTING API O ptimal Blue, a division of Black Knight, has announced a new lead- quoting application programming interface (API) for lead-aggregation vendors. This API connects lead- aggregation vendors to the Opti- mal Blue PPE to give consumers on-demand access to extensive and accurate product and pricing information from hundreds of investors and across thousands of products. This new API enables lead- quoting vendors to display real- time rates on behalf of lenders using the Optimal Blue PPE. It also seamlessly connects to hun- dreds of investors and thousands of products for any mortgage financing scenario, and then makes the information available to borrowers on vendors' lead- generation or rate-table advertising websites. "The Optimal Blue PPE offers a single source of pricing from the industry's largest network of investors, and now lead-quoting vendors can extend this depth and accuracy to borrowers," said Scott Happ, President of Optimal Blue, a division of Black Knight. "By adding this API to their toolbox, vendors have the opportunity to deliver a better experience to their lender partners who are already using the Optimal Blue PPE, as well as their consumers who expect easy access to accurate and transparent product and pricing information." The Optimal Blue PPE is used to price and lock 40% of U.S. mortgages—supporting $2.1 trillion of rate locks and processing more than 500 million rate searches annually. This API, which is available through a turnkey inte- gration, builds on Optimal Blue's efforts to lead the industry in pricing innovation by delivering deeper capabilities, accessibility, and accuracy to clients through its comprehensive Optimal Blue PPE. "With the ability to connect to any lead-generation or rate-table advertising site, this API technol- ogy is a game-changer for vendors and lenders working to meet the digital demands of today's con- sumers," Happ said. "It can also help lenders increase efficiency by leveraging a single API to main- tain integrations with multiple lead aggregators." The API also supports Optimal Blue's ongoing commitment to an API-first strategy. It also supports the importance of online leads to assist clients with lead-generation efforts and enhance the mortgage shopping experience for borrowers.