Amid expectations that interest rate declines may reignite refinance activity, Optimal Blue on Monday launched a new tool that automatically analyzes loan officer portfolios each month to identify recapture opportunities.

The tool is designed to ensure loan officers are ready when refinance volume picks up. While refinances declined in May from the prior month, Optimal Blue data released on Tuesday shows a significant year-over-year increase.

Cash-out refi lock volume fell 10% month over month while rate-and-term refi locks dropped 44%. But compared to May 2024, cash-out volume rose 13% and details ⇒

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