AimLoan.com Selects Optimal Blue's Product Eligibility and Pricing Engine.Lender Cites Accuracy, Efficiency as Key Factors in Selection Process PLANO, Texas Plano (IPA: /ˈpleɪnoʊ/) is a wealthy suburb of Dallas, Texas, located to the north, mainly within Collin County, but also extending into Denton County. According to the 2000 U.S. -- Optimal Blue, developer of a comprehensive, Web-based platform that couples decisioning technology with content management for the mortgage industry, announced today that San Diego-based AimLoan.com has selected Optimal Blue's product eligibility and pricing engine (PPE PPE (Brit) n abbr (Univ) (= philosophy, politics, and economics) → Studiengang bestehend aus Philosophie, Politologie und Volkswirtschaft PPE n abbr (BRIT ) (SCOL ) technology. AimLoan.com chose Optimal Blue's technology because it allows mortgage bankers Mortgage Banker A company, individual or institution that originates, sells and services mortgage loans. Notes: Don't confuse a mortgage banker with a mortgage broker. to quote prices accurately and efficiently via the Internet. AimLoan.com reviewed six different pricing vendors prior to its selection of Optimal Blue. Optimal Blue's demonstration/test account was consistently priced correctly and proved its accuracy is unmatched in the industry. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. officials at AimLoan.com, Optimal Blue has increased AimLoan.com's efficiency by letting the company quote customers a price within seconds, and the company has also seen an increase in Atl-A and subprime loans Subprime Loan A loan that is offered at a rate above prime to individuals who do not qualify for prime rate loans. Notes: Subprime loans tend to have a rate that is 0.1% to 0.6% higher than the prime rate. as a result of using the Optimal Blue system. "Optimal Blue has an entrepreneurial en·tre·pre·neur n. A person who organizes, operates, and assumes the risk for a business venture. [French, from Old French, from entreprendre, to undertake; see enterprise. spirit, and its management team has tremendous industry experience, so we felt we could continue to grow with them during our partnership," said Ted Iturriria, vice president of loan production for AimLoan.com. "We are constantly looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. ways the make the loan process easier, and Optimal Blue is willing to create a unique solution based on our business model. If we have any idea about how to improve production, we can call and they will listen." AimLoan.com is working with Optimal Blue to build an interface that allows online approval for customers. Currently AimLoan.com offers customers the ability to receive a price quote and submit an application online. The interface will allow customers to receive specific pricing for their specific situation and instant approval after submitting the application through the Web site. Once the interface is implemented, in approximately one year, it will significantly lower the overall cost of originating a loan by increasing online business. "AimLoan.com has proven through its Web site that it is a very tech-savvy lender," said Lawrence Huff huff - To compress data using a Huffman code. Various programs that use such methods have been called "HUFF" or some variant thereof. Opposite: puff. Compare crunch, compress. , co-CEO of Optimal Blue. "Our mission at Optimal Blue is to exceed the expectations of our customers and to provide the tools and resources to increase their efficiency and productivity. Working with AimLoan.com to build the interface between our Web sites will give the company a true competitive advantage." Optimal Blue's technology provides the unique ability to aggregate complex and disparate details for thousands of differently structured mortgage products and represent them in a single consistent manner to the end user. Optimal Blue features advanced search algorithms In computer science, a search algorithm, broadly speaking, is an algorithm that takes a problem as input and returns a solution to the problem, usually after evaluating a number of possible solutions. , allowing for more efficient loan searches and accurate responses. In addition, Optimal Blue's advanced configuration tools give non-technical personnel the ability to manage complex mortgage and pricing data without having to be technically trained. Optimal Blue's extensive automation of decision path generation greatly simplifies the deployment and maintenance of complex content. For more information about AimLoan.com, please visit www.AimLoan.com. For more information about Optimal Blue, please visit www.optimalblue.com. |
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