Optimal Blue’s Erin Wester on AI in Mortgage Tech
Episode description
In this episode of the FinTech Hunting podcast, host Michael Hammond talks with Erin Wester, Optimal Blue's new Chief Product Officer. Erin shares how Optimal Blue uses AI to help mortgage lenders make better decisions and increase profits.
Key points from the episode:
*Optimal Blue's tools help lenders compare their pricing to competitors and understand their profitability better.
*The company's Scenario Optimizer tool lets loan officers quickly compare different loan options for borrowers.
*Optimal Blue is adding AI features to automatically suggest better loan scenarios, saving loan officers time.
*The company carefully uses AI responsibly and educates customers on its benefits.
*AI assistants in Optimal Blue's Compass Edge platform help with hedging and loan trading, making complex tasks easier.
This episode offers valuable insights for mortgage professionals looking to use technology to stay competitive and efficient in a challenging market.