Tag: Plano Business
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Lock Volume Rises 3.2% in April, Driven by Uptick in FHA Loans, Despite Economic Volatility
PLANO, Texas — Optimal Blue today released its April 2025 Market Advantage mortgage data report showing total loan lock volume rose 3.2% month-over-month (MoM) as the spring homebuying season progressed, with purchase locks up 7.5% despite ongoing economic pressures.
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Optimal Blue Brings AI-Powered Originator Assistant to Market, Helping Originators Present Best Possible Loan Options to Borrowers
PLANO, Texas — Optimal Blue today announced the general availability of Originator Assistant, a powerful addition to the Optimal Blue PPE. Leveraging generative AI, Originator Assistant eliminates human bias in the loan structuring process and helps originators identify all options for a borrower, providing more ways to help consumers realize the American dream of homeownership.
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Cooler Interest Rates Heat Up Refinances and Spark Early Signs of Purchase Demand
PLANO, Texas — Optimal Blue today released its March 2025 Market Advantage mortgage data report, showing a 24% surge in rate lock volume as early spring buyers returned to the market and homeowners jumped at the chance to refinance into lower rates. While still down 2% on a year-over-year (YoY) basis, purchase volumes were up…
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Iowa Soccer Taps Stack Tourney to Power Its Events and Expand its Partnership with Stack Sports
PLANO, Texas — Stack Tourney, a Stack Sports Company, is excited to announce that Iowa Soccer Association has expanded its partnership with Stack Sports by adopting the Stack Tourney platform to streamline and enhance tournament management for its festival/cup events. Iowa Soccer will leverage Stack Tourney to support tournaments such as the League America Festival,…
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Optimal Blue’s Shawn Chandwani Named to HousingWire’s 2025 Rising Star List
PLANO, Texas — Optimal Blue today announced that Senior Software Engineering Manager Shawn Chandwani, 34, has been named among HousingWire’s Rising Stars. The annual list celebrates young professionals who shoulder significant leadership responsibilities and contribute to the broader industry and business landscape, establishing themselves as influential figures and leaders for tomorrow.
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Optimal Blue Establishes Alliance with Cotality to Expand the Reach of Its Mortgage Origination and Pricing Data
PLANO, Texas — Optimal Blue today announced a strategic alliance with Cotality™ (formerly CoreLogic®) that expands access to its mortgage origination and pricing data. Through this collaboration, Cotality will offer Optimal Blue’s data to a broader audience, including hedge funds, capital markets participants, and investment firms seeking insights into the mortgage markets.
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40% Jump in Rate-and-Term Refis Drives Overall Lock Growth as Purchase Activity Stalls
PLANO, Texas — Optimal Blue today released its February 2025 Market Advantage mortgage data report, showing a 7% month-over-month increase in mortgage lock volume driven primarily by a surge in refinance activity. Rate-and-term refinances saw the biggest jump, rising nearly 40% as homeowners seized the opportunity to lower their monthly payments. Cash-out refinances also edged…
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January Mortgage Lock Data Shows Year-Over-Year Improvement in Refinance Volume Despite Higher Rates
PLANO, Texas — Optimal Blue today released its January 2025 Market Advantage mortgage data report, revealing a sharp rise in year-over-year (YoY) refinance activity alongside a drop in purchase lock counts. The decline in purchase lock counts marks the lowest January count since Optimal Blue began tracking this data in 2019. Meanwhile, refinance lock volume…
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Celebrating Youth Sports Heroes: Stack Sports Names Winners of the 2024 Stack MVP Awards
PLANO, Texas — Stack Sports, the trusted leader in sports management technology, is honored to share the stories of 27 extraordinary individuals whose dedication and passion for youth sports have left a lasting impact on their communities. The Stack MVP Awards shine a spotlight on the unsung heroes of sports-coaches, volunteers, officials, athletes, and leaders.
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December Mortgage Lock Data Reveals Year-Over-Year Increases Across All Loan Types Despite Seasonal Downturn
PLANO, Texas — Optimal Blue today released its December 2024 Market Advantage mortgage data report, showcasing year-over-year (YoY) growth in mortgage activity, even as seasonal trends led to a month-over-month (MoM) decline in rate lock volumes. Overall, December mortgage lock volume was up 26% YoY, driven by an 18% increase in purchase locks, a 43%…