Optimal Blue Launches Support For Non-QM Loans

The latest release from Optimal Blue augments and expands their support for Non-QM and Expanded Guidelines products. Earlier this year, the company decided to make a substantial investment to further enhance support for these unique mortgage loan products after observing significant growth in this area. Currently, Optimal Blue’s Expanded Guidelines monthly lock volume exceeds $1 billion, a threshold 2.5 times the volume experienced just 18 months earlier.


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Significantly benefiting investor and lender clients alike, these powerful and innovative capabilities allow investor clients to further expand their suite of product offerings, improve accuracy, and gain new clients. Additionally, lenders can streamline inefficient workflows, enhance their competitive reach with new borrowers, and easily access the Non-QM and Expanded Guidelines product offerings for more than 60 leading investors. 


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“Sprout Mortgage congratulates Optimal Blue on the release of its new Non-QM product selection capabilities and thanks them for creating this industry leading technology,” said Mike Strauss, President of Sprout Mortgage. “While only requiring minimal user inputs and established data feeds from leading loan origination systems to automatically pre-populate additional values, Sprout has found Optimal Blue’s Non-QM filters to fully support its product line with complete accuracy.”


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Users of the Optimal Blue platform can quickly and easily identify the most accurate, “best fit” financing alternative for each and every consumer they serve. Immediately available to clients at no additional cost, a brand-new Expanded Guidelines section will be added to all applicable search, profile, and lock forms within the platform in order to fully support the unique specifications of Expanded Guidelines products. Close to 20 granular filters will be embedded into those forms for income verification, payment history, debt consolidation, bankruptcy, and more. In addition, Optimal Blue now evaluates specific housing events, financial outcomes, and other user-defined selections to further refine pricing precision and overall product searchability. 


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 “This is a tremendous step forward for the Non-QM marketplace and takes the uncertainty out of choosing the Non-QM loan that best fits borrowers’ needs,” Strauss continued. “As a result of the new Non-QM filters, loan officers can put away their makeshift scratch pad notes and instead, leverage the power of Optimal Blue’s engine to discover those eligible Non-QM products that provide borrowers with their lowest cost financing choices.”

“We are proud to offer enhanced Expanded Guidelines support to our clients,” explained Tiffany McGarry, Director of Client Services at Optimal Blue. “These market-leading capabilities further exemplify our continued focus on delivering unique secondary marketing solutions that help our clients differentiate and grow.”