“This
is
a
game-changer
for

capital
markets
teams
that
will
save
an
average
of
15
minutes
per
loan,
which
is
hours
saved
per
day,”
said
Tiffany
McGarry,
vice
president
of
product
management
at
Optimal
Blue.

“Lock
desk
users
can
now
complete
the
entire
best
efforts
lock
transaction
from
within
the
Optimal
Blue
PPE
—
no
toggling
between
systems,
no
rekeying
of
data
and
no
lost
time.
It’s
a
meaningful
step
forward
for
day-to-day
productivity
that
helps
protect
lenders
against

costly
errors
and
compliance
issues,
while
giving
investors
a
more
streamlined
path
to
work
with
their
originator
partners.”

Best-effort
lock
requests
can
now
be
sent
to
investors
via
API,
cutting
processing
times
from
about
15
minutes
to
mere
seconds.
Loan
data
transfers
securely,
updates
in
the
loan
origination
system
(LOS),
and
generates
a
PDF
confirmation
for
audit
and
proof
of
execution.

The
feature
is
free
and
requires
minimal
setup.
Investors
can
participate
by
completing
a
one-time
API
setup
with
their
Optimal
Blue
representative.

“This
is
the
first
time
investors
have
been
able
to
complete
best
efforts
locks
through
real-time,
system-to-system
connectivity
with
their
lender
partners,”
said

Erin
Wester,
chief
product
officer
at
Optimal
Blue.

“We’ve
already
set
up
this
integration
with
select
investor
partners,
and
it’s
been
exciting
to
see
the
positive
momentum
it
is
already
building
for
their
businesses.
It’s
a
strategic
edge
that
improves
execution,
strengthens
lender-investor
relationships
and
streamlines
the
path
to
purchase
—
and
one
only
Optimal
Blue
can
deliver
as
the
industry’s
most
connected
capital
markets
platform.”

Future
phases
of
the
best-effort
lock
feature
will
add
support
for
profile
updates,
extensions
and
other
post-lock
changes.
It
will
also
involve
integration
into
the
CompassEdge
platform,
according
to
a
company
press
release.