GTCR Announces Sale of Optimal Blue to Black Knight

published 27.07.2020 15:09

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Scott Happ and the entire Optimal Blue team have built a truly remarkable company by investing in people and technology, resulting in accelerated growth and a transformed role within the mortgage industry.

In addition to facilitating commerce between mortgage originators and investors, Optimal Blue also supports a broader ecosystem of secondary marketplace participants, including mortgage insurance firms, digital point-of-sale solutions, and other third-party vendors who leverage Optimal Blue's network and data assets to improve their own products and service offerings.

Market participants use Optimal Blue's network to exchange pricing, eligibility terms, and other critical transaction data for a wide array of secondary mortgage market interactions.

Founded in 2002, Optimal Blue operates the residential mortgage industry's leading digital marketplace, connecting approximately 3,500 mortgage lenders and brokers with 185 mortgage investors through a digital network that facilitates approximately $2 trillion of transactions annually.

The Company recently released Optimal Blue Mortgage Market Indices (OBMMI), which provide the most comprehensive, accurate, timely, and interactive analysis of pricing ever conducted in the mortgage industry.

by PRNewswire from benzinga.com

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