Desert Palm, CA; St. Louis, MO; November 6, 2024 – Franklin Loan Center (FLC), a regional mortgage banker in Southern California, has put its trust in OptiFunder’s Warehouse Management System (WMS) for end-to-end automation from funding through loan sale.
“All processing, underwriting, docs and funding functions are handled on site by an expert team that follows the loan from application to close,” said Walter K. Neil, President and CEO of FLC. “By leveraging state-of-the-art technology like OptiFunder, our integrated product/team/system approach allows us to speed the process along and pay special attention to detail for each of our clients.”
Founded in 2018 by industry veteran Michael McFadden to bring optimization and efficiencies to originators, OptiFunder now automates the entire funding process, from funding templates to wire data checks, collateral shipping to purchase advice reconciliation and paydowns. OptiFunder’s user-friendly system reduces warehouse expense and condenses hours of work to a few clicks. With connections to more than 170 warehouse lenders and investors, OptiFunder offers the most comprehensive automation from funding through loan sale.
“OptiFunder was designed to meet the needs of originators like Franklin Loan Center, enabling them to maximize operational efficiency so they can prioritize clients and team members,” said Michael McFadden, CEO of OptiFunder. “Our platform streamlines processes by integrating the primary and secondary markets and eliminating tedious manual tasks, allowing originators to focus on serving their clients effectively.”
Studies show OptiFunder's optimization algorithm reduces clients' lending expense significantly while process automation features improve dwell time and overall productivity. As part of the evaluation process for all prospects, OptiFunder offers a back-test analysis to compare the impact of OptiFunder's optimized decisions and a prospect’s historical allocation decisions. Schedule a demo to see for yourself or visit optifunder.com to learn more.
About Franklin Loan Center
Franklin Loan Center has been servicing Southern California since 1989 and has grown from a small, local mortgage banker into a thriving regional enterprise and local employer. Franklin Loan Center is the largest independent mortgage lending company in the Coachella Valley, and locations throughout southern California expanding across the western United States. The company has grown to become a leader in the business community with focus on bringing a personalized mortgage lending experience to Southern California’s borrowers.
About OptiFunder
OptiFunder, founded in 2018, is a leading innovator in the mortgage industry, offering real-time, data-driven solutions to optimize loan funding and connect stakeholders in the warehouse funding process. Its automated Warehouse Management System (WMS) streamlines data submission between originators, warehouse lenders, and capital markets. Building on the success of its WMS, OptiFunder launched Greyhound, a modern management system for warehouse lenders that enhances efficiency, security, and scalability. OptiFunder is committed to delivering advanced solutions that address the evolving challenges of the mortgage industry and bridge the gap between the primary and secondary markets.