PCLender Integrates Optimal Blue Pricing Engine - Level I integration ensures a true end-to-end enterprise lending platform

PCLender Integrates Optimal Blue Pricing Engine
- Level I integration ensures a true end-to-end enterprise lending platform

(April 9, 2007) Honolulu, HI - PCLender, a technology-enabled provider of best practices guidance, services and solutions to the mortgage industry, has integrated Optimal Blue's product eligibility and pricing engine (PPE) technology with its end-to-end hosted enterprise lending platform. Optimal Blue is the industry-leading provider for comprehensive, Web-based technology that couples decisioning technology with content management for the mortgage industry.

The Optimal Blue integration allows PCLender users to experience improved efficiency and accuracy by eliminating the need for redundant keying of data. Optimal Blue's advanced mortgage automation system delivers product and pricing capabilities coupled with comprehensive, accurate content, enabling PCLender users to source, manage, price and lock loans in real time. In addition, Optimal Blue maintains thousands of complex mortgage products, creating time savings that result in faster loan delivery and greater profitability for PCLender's users.

"Mortgage bankers rely heavily on robust pricing and product analysis to ensure portfolio marketability," said PCLender founder and president Lionel Urban. "Optimal Blue is the ideal integration partner for the PCLender platform because we have similar objectives for bringing value to our customers. We agreed at the earliest stages that Level I integration is essential for the kind of fully managed end-to-end lending solution that is increasingly attractive both to experienced and emerging mortgage bankers."

PCLender combines as many as eight key components of the loan origination process, including vendor integration and integrated retail/wholesale websites, in a seamless configuration that fully supports complex compliance requirements and offers an ideal data security environment. Additionally, PCLender offers guaranteed on time implementation, and ensures a best-of-breed experience, while remaining affordable.

"Optimal Blue provides more than just technology, we provide business solutions," said Larry Huff, co-CEO of Optimal Blue. "In today's mortgage environment, having a product eligibility and pricing engine is a necessity, as it enables mortgage bankers to source, price, manage and lock a loan within minutes. With the loan origination system being the core of the loan process, being able to integrate our solution seamlessly with PCLender offers tremendous benefits, as mortgage bankers can improve efficiency, closing more loans faster and accurately, which in turn increases profitability."

Accumulating hundreds of investor rate sheets a day, Optimal Blue developed sophisticated automation tools to monitor pricing updates every five minutes throughout the business day to ensure timeliness and accuracy of investor information. Leveraging Optimal Blue's ability to manage the complexities of investor product guidelines in virtually real time, PCLender's platform enables mortgage bankers to adapt rapidly in the always-evolving mortgage marketplace.

Founded in 2003, Optimal Blue is a Web-based provider of product eligibility and pricing engine (PPE) technology. Based in Plano, Texas, Optimal Blue has developed a comprehensive suite of products designed to give lenders the ability to automate the management and distribution of their products and pricing, enabling originators to then source, manage, price and lock loans in a way that is efficient, accurate and easy to use. Without having to be technology experts, Optimal Blue's solutions allow clients to leverage superior technology for a competitive advantage. For more information, please visit www.optimalblue.com.

Honolulu-based PCLender is a technology-enabled provider of best practices guidance, services and solutions to the mortgage industry. Founded in 1997, PCLender focuses on helping mortgage bankers accelerate business performance goals and achieve greater mortgage expertise. Built from the ground up with increasing compliance and security requirements in mind, PCLender's fully hosted enterprise mortgage lending platform integrates the functionality of eight different systems*, offers guaranteed on time implementation, and ensures a best-of-breed experience end-to-end. Its browser-based thin-client architecture secures data at the server, away from laptops and storage devices, allowing mortgage bankers to sleep at night. PCLender's platform enables experienced and emerging mortgage bankers to adapt rapidly in an always-evolving marketplace, managing the complexities of investor compliance while ensuring optimum pricing for a diverse product mix. Further, PCLender maintains a secure SAS70 certified data center and operations, and includes security and access rights management tools in its platform. PCLender's low upfront costs and transaction-based pricing eliminate traditional "barriers to entry" for mortgage bankers seeking business process improvements on par with the Fortune 500.