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44 Industry Updates From mergers and acquisitions to cutting-edge tech tools and solutions, here's the company news the industry is talking about this month. OPTIMAL BLUE HELPS MANAGE INTEREST RATE RISK Black Knight has announced the addition of ICE Mortgage Rate Lock Index Futures within CompassPoint, a risk management and loan sale platform offered by Optimal Blue, a division of Black Knight. is expanded suite of futures will help lenders better manage their interest rate risk by offering new techniques for hedging conforming and jumbo mortgage loans and mortgage servicing rights. ese additional tools also underscore Optimal Blue's commitment to deliver leading secondary markets functionality. "We work with hundreds of clients every day to hedge the interest rate risk of mortgage pipelines, and we're excited to bring yet another innovation to the market that helps our lenders avoid basis risk and additional transaction costs when hedging certain mortgage loans," said Scott Happ, President of Optimal Blue, a division of Black Knight. "While the to-be-announced (TBA) marketplace is very effective at hedging the majority of our lenders' pipelines, the addition of the ICE Mortgage Rate Lock Index Futures with CompassPoint will deliver expanded support for hedging mortgage servicing rights, jumbo loans, or loans with extended lock terms." e ICE Mortgage Rate Lock Index Futures can be added to CompassPoint, which is used by industry professionals to hedge more than $100 billion of closed loan volume monthly. CompassPoint is offered by Optimal Blue, delivering a Product, Pricing, and Eligibility (PPE) engine that prices more than 40% of locks in the U.S. mortgage industry and is fully integrated with the CompassPoint platform. Optimal Blue's secondary solutions then extend into loan trading with ResiTrader, a loan trading platform, which represented $1.4 trillion of loan trades in 2021. e addition of the ICE Mortgage Rate Lock Index Futures expands Optimal Blue's hedge advisory solutions and serves to provide improved expertise and service to clients. "With the introduction of this new futures instrument, we further improve the ability to match the right hedge with the right loan for our clients and demonstrate our commitment to providing the secondary market with the most innovative capabilities to help them make informed decisions," Happ said. "We're pleased that these new capabilities complement our leading analytics, valuation tools, BESTX pricing engines, and trading platform in our end- to-end secondary marketing technology ecosystem."