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The Role of Tech Innovation in Mortgage Lending With Optimal Blue CPO Erin Wester | April 2025 Data
Welcome to this month’s episode of the Market Advantage podcast by Optimal Blue. Hosts Brennan O'Connell and Olivia DeLancey kick things off with a discussion on the April 2025 mortgage rate lock data and market trends from the Market Advantage report. Later, they are joined by Optimal Blue Chief Product Officer Erin Wester to explore the impact of technological innovations on driving profitability in the mortgage industry.
Key Takeaways:
- Volatile Rate Lock Activity: April experienced significant rate fluctuations due to macroeconomic factors, impacting rate lock volumes and borrower behavior.
- Market Performance: Purchase lock volumes increased by 7% MoM, while YoY purchase lock volume was down 5%.
- Refinance Activity: Rate-and-term refinance volumes fell 15% MoM, and cash-out refinances dropped 3%.
- Production Mix: Non-agency loan share decreased slightly, while FHA loans gained market share.
- Technological Innovations: Optimal Blue's introduction of Originator Assistant, enhanced Lock Extension workflows, and the overall importance of managing technical debt.
- Strategic Recommendations: Emphasis on leveraging all features of technology platforms and considering custom API implementations for unique business workflows.
Links and Resources:
- Subscribe to the Market Advantage data report: https://www2.optimalblue.com/market-advantage/
- View the latest 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
- Erin Wester’s recent appearance on the HousingWire Daily podcast with Sarah Wheeler: https://www.housingwire.com/podcast/erin-wester-on-optimal-blues-evolution/
- Follow Erin Wester on LinkedIn: https://www.linkedin.com/in/erin-wester-0996931b/
- 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:
Innovation That Delivers For Your Bottom Line – Optimal Blue
At Optimal Blue, we’re continuing to raise the bar for mortgage technology. We’re delivering innovation that solves real-world challenges and drives measurable results.
From AI-powered insights with Ask Obi, to smarter automation in the Optimal Blue PPE, to a more connected ecosystem through the Comergence Solution Center, our latest advancements are designed to empower lenders, investors, and partners to work smarter, faster, and more efficiently.
These innovations reflect our ongoing commitment to helping our clients navigate complexity, maximize profitability, and stay ahead in a rapidly evolving market.
Innovation that delivers for your bottom line. Learn more at OptimalBlue.com
Digital Hub - MA
View all episodes
By Optimal BlueWelcome to this month’s episode of the Market Advantage podcast by Optimal Blue. Hosts Brennan O'Connell and Olivia DeLancey kick things off with a discussion on the April 2025 mortgage rate lock data and market trends from the Market Advantage report. Later, they are joined by Optimal Blue Chief Product Officer Erin Wester to explore the impact of technological innovations on driving profitability in the mortgage industry.
Key Takeaways:
- Volatile Rate Lock Activity: April experienced significant rate fluctuations due to macroeconomic factors, impacting rate lock volumes and borrower behavior.
- Market Performance: Purchase lock volumes increased by 7% MoM, while YoY purchase lock volume was down 5%.
- Refinance Activity: Rate-and-term refinance volumes fell 15% MoM, and cash-out refinances dropped 3%.
- Production Mix: Non-agency loan share decreased slightly, while FHA loans gained market share.
- Technological Innovations: Optimal Blue's introduction of Originator Assistant, enhanced Lock Extension workflows, and the overall importance of managing technical debt.
- Strategic Recommendations: Emphasis on leveraging all features of technology platforms and considering custom API implementations for unique business workflows.
Links and Resources:
- Subscribe to the Market Advantage data report: https://www2.optimalblue.com/market-advantage/
- View the latest 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
- Erin Wester’s recent appearance on the HousingWire Daily podcast with Sarah Wheeler: https://www.housingwire.com/podcast/erin-wester-on-optimal-blues-evolution/
- Follow Erin Wester on LinkedIn: https://www.linkedin.com/in/erin-wester-0996931b/
- 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:
Innovation That Delivers For Your Bottom Line – Optimal Blue
At Optimal Blue, we’re continuing to raise the bar for mortgage technology. We’re delivering innovation that solves real-world challenges and drives measurable results.
From AI-powered insights with Ask Obi, to smarter automation in the Optimal Blue PPE, to a more connected ecosystem through the Comergence Solution Center, our latest advancements are designed to empower lenders, investors, and partners to work smarter, faster, and more efficiently.
These innovations reflect our ongoing commitment to helping our clients navigate complexity, maximize profitability, and stay ahead in a rapidly evolving market.
Innovation that delivers for your bottom line. Learn more at OptimalBlue.com
Digital Hub - MA