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AI-Powered Mortgage Innovation With Joe Tyrrell | May 2025 Data
Welcome to this month’s episode of the Market Advantage podcast by Optimal Blue. Hosts Brennan O'Connell and Olivia DeLancey share an overview of exciting new additions to Optimal Blue's Market Advantage report. The monthly mortgage data report now includes a range of new data points, including property type and debt-to-income ratio, to provide a more comprehensive view of the industry.
Optimal Blue CEO Joe Tyrrell joins to discuss AI development, exploring how tailored AI solutions like Originator Assistant are revolutionizing the lending process and eliminating human bias. Together, they explore how AI is reshaping lending operations and borrower experiences in the mortgage industry.
Key Takeaways:
- Market Performance in May: Overall rate lock volume declined 5.9% MoM. Purchase volumes were flat, and purchase counts dropped 10% YoY, signaling continued affordability challenges.
- Refinance Activity: Rate-and-term refinances fell 40%, and cash-out refinances dropped 10%, with refi share declining from 21% to 16%.
- Product Mix Shifts: Declines in ARM, FHA, and VA volumes suggest first-time homebuyers are possibly sitting out due to affordability pressures.
- AI Innovations & Strategic Outlook: Joe Tyrrell emphasizes the importance of adopting AI now to scale efficiently and profitably as volume returns.
Links and Resources:
- Subscribe to the Market Advantage data report: https://www2.optimalblue.com/market-advantage/
- Follow Optimal Blue on LinkedIn: https://www.linkedin.com/company/optimal-blue/
- Subscribe to Optimal Blue’s YouTube channel: https://www.youtube.com/@Optimal-Blue
- Joe Tyrrell’s recent appearance on REALFridays VideoCast: https://www.youtube.com/watch?v=Bhr2Sco9HHE
- Follow Joe Tyrrell on LinkedIn: https://www.linkedin.com/in/joetyrrell4/
- Follow Brennan O'Connell on LinkedIn: https://www.linkedin.com/in/brennan-oconnell/
- Follow Olivia DeLancey on LinkedIn: https://www.linkedin.com/in/olivia-delancey/
Mentioned in this episode:
Capture for Originators
Reengage Past Clients Without the Spreadsheet Headache
Tired of manually hunting for refinance opportunities? Capture for Originators does the heavy lifting for you. It automatically scans your closed loan portfolio and flags recapture opportunities – no spreadsheets, no manual work. Just actionable recapture opportunities delivered straight to you.
Learn more: https://www2.optimalblue.com/optimal-blue-launches-new-lead-generation-tool-for-originators or reach out to your Optimal Blue Client service representative for more information.
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By Optimal BlueWelcome to this month’s episode of the Market Advantage podcast by Optimal Blue. Hosts Brennan O'Connell and Olivia DeLancey share an overview of exciting new additions to Optimal Blue's Market Advantage report. The monthly mortgage data report now includes a range of new data points, including property type and debt-to-income ratio, to provide a more comprehensive view of the industry.
Optimal Blue CEO Joe Tyrrell joins to discuss AI development, exploring how tailored AI solutions like Originator Assistant are revolutionizing the lending process and eliminating human bias. Together, they explore how AI is reshaping lending operations and borrower experiences in the mortgage industry.
Key Takeaways:
- Market Performance in May: Overall rate lock volume declined 5.9% MoM. Purchase volumes were flat, and purchase counts dropped 10% YoY, signaling continued affordability challenges.
- Refinance Activity: Rate-and-term refinances fell 40%, and cash-out refinances dropped 10%, with refi share declining from 21% to 16%.
- Product Mix Shifts: Declines in ARM, FHA, and VA volumes suggest first-time homebuyers are possibly sitting out due to affordability pressures.
- AI Innovations & Strategic Outlook: Joe Tyrrell emphasizes the importance of adopting AI now to scale efficiently and profitably as volume returns.
Links and Resources:
- Subscribe to the Market Advantage data report: https://www2.optimalblue.com/market-advantage/
- Follow Optimal Blue on LinkedIn: https://www.linkedin.com/company/optimal-blue/
- Subscribe to Optimal Blue’s YouTube channel: https://www.youtube.com/@Optimal-Blue
- Joe Tyrrell’s recent appearance on REALFridays VideoCast: https://www.youtube.com/watch?v=Bhr2Sco9HHE
- Follow Joe Tyrrell on LinkedIn: https://www.linkedin.com/in/joetyrrell4/
- Follow Brennan O'Connell on LinkedIn: https://www.linkedin.com/in/brennan-oconnell/
- Follow Olivia DeLancey on LinkedIn: https://www.linkedin.com/in/olivia-delancey/
Mentioned in this episode:
Capture for Originators
Reengage Past Clients Without the Spreadsheet Headache
Tired of manually hunting for refinance opportunities? Capture for Originators does the heavy lifting for you. It automatically scans your closed loan portfolio and flags recapture opportunities – no spreadsheets, no manual work. Just actionable recapture opportunities delivered straight to you.
Learn more: https://www2.optimalblue.com/optimal-blue-launches-new-lead-generation-tool-for-originators or reach out to your Optimal Blue Client service representative for more information.