Wednesday, July 24, 2024
Tags Plano Business

Tag: Plano Business

Optimal Blue Launches New Generative AI Assistant Capabilities

PLANO, Texas, July 23, 2024 (SEND2PRESS NEWSWIRE) -- Optimal Blue today announced the delivery of generative AI capabilities centered on helping lenders maximize profitability on every loan transaction. Through direct engagement with its thousands of clients, the company has begun delivering generative AI capabilities built for secondary-market-specific use cases and purposefully designed to solve the real-world challenges that mortgage lenders face.

Stack Sports Teams Up with The Miracle League to Revolutionize Inclusive Sports

PLANO, Texas, July 15, 2024 (SEND2PRESS NEWSWIRE) -- Stack Sports, the leading provider of sports management solutions, is excited to announce the signing of its new strategic partnership with The Miracle League, an organization focused on providing opportunities for children with disabilities to play Miracle League baseball.

Falling Home Prices and Purchase Mortgage Locks Reveal a Stagnant Late-Spring Housing Market

PLANO, Texas, July 10, 2024 (SEND2PRESS NEWSWIRE) -- Optimal Blue today released its June 2024 Market Advantage mortgage data report, which revealed a stagnant late-spring housing market as home prices dropped for the first time in 2024 and purchase lock counts fell 8% over the previous year. All mortgage lock figures in this news release have been controlled for fewer market days in June.

Optimal Blue Launches Competitive Data License to Help Lenders Optimize Margins With Competitive Loan Pricing Data

PLANO, Texas, June 25, 2024 (SEND2PRESS NEWSWIRE) -- Optimal Blue announced the release of Competitive Data License, a collection of key national mortgage pricing data that enables lenders to price products competitively, operate more profitably, and react swiftly to changing market conditions. Competitive Data License draws upon direct-source loan data from the Optimal Blue PPE, which is used to price and lock over 35% of loans in the United States.

Stack Sports and The Fellowship of Christian Athletes (FCA) Renew Strategic Partnership to Grow Participation

PLANO, Texas, June 19, 2024 (SEND2PRESS NEWSWIRE) -- Stack Sports, the leading provider of sports management solutions, announced the renewal of its multi-year partnership with Fellowship of Christian Athletes (FCA) Sports, an interdenominational Christian sports ministry working to see the world transformed by Jesus Christ through the influence of coaches and athletes.

Mortgage Interest Rate Sensitivity Triggers 25% Spike in May Rate-and-Term Refinance Activity

PLANO, Texas, June 13, 2024 (SEND2PRESS NEWSWIRE) -- Optimal Blue today released its May 2024 Market Advantage mortgage data report, which revealed a 25.6% month-over-month (MoM) spike in rate-and-term mortgage refinances. The spike was a response to a modest drop in the Optimal Blue Mortgage Market Indices (OBMMI) 30-year conforming rate, which ended the month at 7.02%.

Optimal Blue Names Joe Tyrrell Chief Executive Officer

PLANO, Texas, June 10, 2024 (SEND2PRESS NEWSWIRE) -- Optimal Blue today announced the appointment of Joe Tyrrell as CEO. Tyrrell succeeds interim CEO Scott Smith of Optimal Blue's parent company, Constellation Software Inc. Tyrrell brings over 25 years of experience in the mortgage, finance, and technology industries to Optimal Blue.

Optimal Blue Announces ‘Optimize Your Advantage’ to Showcase How Its Capital Markets Platform Puts Lenders in Control of Their Margins

PLANO, Texas, May 16, 2024 (SEND2PRESS NEWSWIRE) -- Optimal Blue announced the launch of its Optimize Your Advantage campaign in advance of the MBA Secondary and Capital Markets Conference. This comprehensive brand initiative highlights the value and innovation the company delivers to clients. Through Optimal Blue's position as the housing industry's only end-to-end capital markets platform, lenders and other market participants have greater control of their profit margins, giving them distinct advantages, regardless of market conditions.

Mortgage Purchase Lock Counts See First YoY Gain Since Fed Rate Hikes Began Two Years Ago

PLANO, Texas, May 13, 2024 (SEND2PRESS NEWSWIRE) -- Optimal Blue today released its April 2024 Originations Market Monitor report, which reveals the first year-over-year increase in purchase mortgage lock counts since the Federal Reserve initiated rate hikes in March 2022.

Stack Sports launches Stack Rewards to Save Youth Sports Families $100M

DALLAS, Texas, May 6, 2024 (SEND2PRESS NEWSWIRE) -- Stack Sports, the leading provider of youth sports software has launched a new rewards program delivering significant savings to youth sports families in the United States and North America. With Stack Rewards, families can earn cashback on everyday shopping and access special offers and deals to help pay for sports, resulting in projected savings of $100 million annually.

Optimal Blue Director of Data Solutions Brennan O’Connell Named a 2024 HousingWire Rising Star

PLANO, Texas, April 24, 2024 (SEND2PRESS NEWSWIRE) -- Optimal Blue today announced that Brennan O'Connell, director of data solutions, has been honored with the 2024 HousingWire Rising Stars award. The award program celebrates emerging leaders in real estate and mortgage who have demonstrated rapid career growth and an ability to lead, achieving remarkable milestones before the age of 40.

Optimal Blue Announces Promotion of Rick Allen to Chief Operating Officer

PLANO, Texas, April 9, 2024 (SEND2PRESS NEWSWIRE) -- Optimal Blue today announced that it has elevated Rick Allen to chief operating officer (COO). Most recently serving as Optimal Blue's chief administrative officer, Allen brings more than 35 years of experience in the housing industry to his senior leadership role. Throughout his tenure at Optimal Blue, Allen has played an integral role in the enhancement and delivery of products to add exceptional value to the company's clients.

Average Homebuyer Credit Score Hits the Highest Mark in Years

PLANO, Texas, April 8, 2024 (SEND2PRESS NEWSWIRE) -- Today, Optimal Blue released its March 2024 Originations Market Monitor report, which reveals the average homebuyer credit score has reached 737 - an all-time high since the company began tracking this data in January 2018. Despite the potential buyer pool being somewhat limited to borrowers with higher credit, rate lock volume showed steady month-over-month growth of 17% in March as the spring buying season got underway.

Stack Sports Renews Partnership with USA Lacrosse

PLANO, Texas, March 25, 2024 (SEND2PRESS NEWSWIRE) -- Stack Sports, the leading provider of sports technology solutions, proudly announces the renewal of its partnership with USA Lacrosse, the governing body for the sport in the United States and a Recognized Sports Organization by the U.S. Olympic & Paralympic Committee, for an additional two years. As part of this continued collaboration, Sports Connect will serve as an Official League Registration Partner of USA Lacrosse.

GOALS Council Welcomes Soccer Resilience to a Live Roundtable Discussing Youth Sports and Mental Health

PLANO, Texas, March 13, 2024 (SEND2PRESS NEWSWIRE) -- The GOALS Council, a strategic advisory body formed by Stack Sports and influential youth soccer leaders in 2021, will host their second virtual roundtable tailored for youth sports enthusiasts on Wednesday, March 20, 2024, featuring a distinguished panel of industry leaders discussing pressing topics identified by the GOALS Council.

Major League Rugby (MLR) and Imagine Rugby announce partnership with Stack Sports’ Skyhawks

PLANO, Texas, March 13, 2024 (SEND2PRESS NEWSWIRE) -- Skyhawks powered by Stack Sports has signed a two-year agreement with Imagine Rugby and Major League Rugby (MLR) to be their Official Youth Flag Rugby Partner. This will provide access to the Skyhawks' extensive network with programming slated to launch this summer.

Spring Buying Season Kicks Off With an Uptick in Purchase Applications Despite Climbing Interest Rates

PLANO, Texas, March 11, 2024 (SEND2PRESS NEWSWIRE) -- Today, Optimal Blue released its February 2024 Originations Market Monitor report, which reveals that the spring homebuying season has kicked off with a jump in monthly purchase mortgage locks. The seasonal spike in purchase locks propelled a net increase in origination activity, even as higher interest rates led to steep declines in mortgage refinances.

Optimal Blue’s Mike Schommer Honored as a 2024 HousingWire Finance Leader

PLANO, Texas, March 1, 2024 (SEND2PRESS NEWSWIRE) -- Today, Optimal Blue announced its vice president of finance, Mike Schommer, has been honored as a 2024 HousingWire Finance Leader. The award program celebrates senior finance executives who have exhibited exceptional leadership in corporate finance, capital markets, and accounting within the mortgage and real estate sectors.

Sports Parenting Email Newsletter Surpasses 3.5M Subscribers, Now the most read Newsletter in Youth Sports

PLANO, Texas, Feb. 28, 2024 (SEND2PRESS NEWSWIRE) -- Six months ago iSport360 partnered with Stack Sports to launch a free weekly newsletter which has now become the largest sports parenting newsletter in youth sports today. With 3.5 million sports parent readers, many of whom are also coaches and sports organizers, the newsletter focuses on helping families play more and worry less. The curated newsletter includes stories about understanding the sports parent psyche, helping coaches and parents work together, nurturing empowered young athletes, nutrition and hydration for a healthy athlete, supporting players' physical and mental health, and so much more.

Optimal Blue Originations Market Monitor: Lock Volume Rises 36% Month Over Month in January, Falling Rates and Slowing Decline in Purchase...

PLANO, Texas, Feb. 12, 2024 (SEND2PRESS NEWSWIRE) -- Today, Optimal Blue announced the release of its Originations Market Monitor report, looking at mortgage origination data through January month-end. Leveraging daily rate lock data from the Optimal Blue PPE - the industry's most widely used product, pricing, and eligibility engine - the Originations Market Monitor provides a comprehensive and timely view into origination activity.

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