Tag: Plano Business
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Rate-and-Term Refinances Surge 109% MoM in August as Mortgage Rates Decline
PLANO, Texas — Optimal Blue today released its August 2024 Market Advantage mortgage data report, which reveals an overall 1% rise in rate lock volume despite the typical seasonal slowdown in purchase lending. Lock volume growth was driven by a surge in refinance activity as homeowners reacted to declining mortgage rates.
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Optimal Blue to Host Inaugural Industry Summit February 3-5, 2025
PLANO, Texas — Optimal Blue today announced it will host its inaugural Optimal Blue Summit from February 3-5, 2025, at the Marriott Marquis San Diego Marina. Set against the scenic backdrop of San Diego Bay, the Optimal Blue Summit 2025 will bring together clients from across primary and secondary mortgage networks to connect, learn, and…
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July Refinance Activity Hits Highest Levels Since September 2022
PLANO, Texas — Optimal Blue today released its July 2024 Market Advantage mortgage data report, which revealed that mortgage refinance demand surged to levels not seen since September 2022 amid softening interest rates. The lower interest rates seen in July also coaxed increased purchase activity, which, combined with greater refi activity, drove a 3.5% month-over-month…
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Optimal Blue Launches New Generative AI Assistant Capabilities
PLANO, Texas — Optimal Blue today announced the delivery of generative AI capabilities centered on helping lenders maximize profitability on every loan transaction. Through direct engagement with its thousands of clients, the company has begun delivering generative AI capabilities built for secondary-market-specific use cases and purposefully designed to solve the real-world challenges that mortgage lenders…
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Stack Sports Teams Up with The Miracle League to Revolutionize Inclusive Sports
PLANO, Texas — Stack Sports, the leading provider of sports management solutions, is excited to announce the signing of its new strategic partnership with The Miracle League, an organization focused on providing opportunities for children with disabilities to play Miracle League baseball.
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Falling Home Prices and Purchase Mortgage Locks Reveal a Stagnant Late-Spring Housing Market
PLANO, Texas — Optimal Blue today released its June 2024 Market Advantage mortgage data report, which revealed a stagnant late-spring housing market as home prices dropped for the first time in 2024 and purchase lock counts fell 8% over the previous year. All mortgage lock figures in this news release have been controlled for fewer…
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Optimal Blue Launches Competitive Data License to Help Lenders Optimize Margins With Competitive Loan Pricing Data
PLANO, Texas — Optimal Blue announced the release of Competitive Data License, a collection of key national mortgage pricing data that enables lenders to price products competitively, operate more profitably, and react swiftly to changing market conditions. Competitive Data License draws upon direct-source loan data from the Optimal Blue PPE, which is used to price…
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Stack Sports and The Fellowship of Christian Athletes (FCA) Renew Strategic Partnership to Grow Participation
PLANO, Texas — Stack Sports, the leading provider of sports management solutions, announced the renewal of its multi-year partnership with Fellowship of Christian Athletes (FCA) Sports, an interdenominational Christian sports ministry working to see the world transformed by Jesus Christ through the influence of coaches and athletes.
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Mortgage Interest Rate Sensitivity Triggers 25% Spike in May Rate-and-Term Refinance Activity
PLANO, Texas — Optimal Blue today released its May 2024 Market Advantage mortgage data report, which revealed a 25.6% month-over-month (MoM) spike in rate-and-term mortgage refinances. The spike was a response to a modest drop in the Optimal Blue Mortgage Market Indices (OBMMI) 30-year conforming rate, which ended the month at 7.02%.
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Optimal Blue Names Joe Tyrrell Chief Executive Officer
PLANO, Texas — Optimal Blue today announced the appointment of Joe Tyrrell as CEO. Tyrrell succeeds interim CEO Scott Smith of Optimal Blue’s parent company, Constellation Software Inc. Tyrrell brings over 25 years of experience in the mortgage, finance, and technology industries to Optimal Blue.