Optimal Blue launches new service that compares mortgage insurance firms

Optimal Blue has released a new service that lets borrowers compare premiums from six mortgage insurance (MI) companies in a single, side-by-side view.

The service, BESTX MI, enables Optimal Blue users to calculate, quote, and compare MI premiums across providers based on risks at no additional costs. The company also worked with the six MI firms to develop a one-click workflow for loan officers to quote pricing and structure loans.

In addition, BESTX MI is configurable to support the user's existing MI providers, allowing them to generate premiums from a single MI provider or compare them across their complete set of configured MI providers.

“Optimal Blue remains focused on delivering the highest level of price transparency in the mortgage industry,” said Sue Baker, vice president of product and client services at Optimal Blue. “The BESTX MI service is yet another Optimal Blue innovation that makes it extremely easy to discover the most affordable, best-fit financing options for today’s consumer – all with a single click.”