Ellie Mae®, the leading cloud-based loan origination platform for the mortgage industry, announced the expansion of the strategic partnership with Optimal Blue®, the leading secondary marketing automation platform in the mortgage industry. The expansion includes the collaboration on multiple next-generation, API-based integrations between the Ellie Mae Digital Lending Platform and the Optimal Blue’s Marketplace Platform™ – specifically the company’s flagship Product & Pricing, Hedge Analytics, and Loan Trading solutions. Additionally, Optimal Blue’s Hedge Analytics and Loan Trading solutions now join Optimal Blue’s Product & Pricing as recommended solutions in the Ellie Mae Marketplace™.
Focused on creating a seamless, end-to-end workflow between lenders and investors, Ellie Mae and Optimal Blue are underway with new initiatives to rethink how to best leverage Ellie Mae’s Digital Lending Platform and Optimal Blue’s industry-leading pricing, hedging, and loan trading capabilities to benefit both sellers and Investors. Their collective efforts will create new and further enhance existing integrations between Optimal Blue and Encompass Consumer Connect®, Encompass LO Connect®, Encompass TPO Connect®, and Encompass Investor Connect® solutions that will enable a completely automated data and document exchange between their lender and investor clients. The companies plan to collaborate on these new integrations and efficient workflow improvements throughout 2020.
“Ellie Mae is thrilled about the expansion of our partnership with Optimal Blue,” said Parvesh Sahi, senior vice president, business development for 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.”