Greyhound by OptiFunder selected as a 2024 Progress in Lending Innovations Awards Winner

The Executive Team of PROGRESS in Lending has named OptiFunder a top industry innovation winner for Greyhound, a highly configurable system for Warehouse Lenders.

The Executive Team of PROGRESS in Lending has named the work done by OptiFunder a top industry innovation. OptiFunder announced the release of Greyhound, a highly configurable, modern-day warehouse lending solution.

“We wanted to create a platform for warehouse lenders that would run independent of OptiFunder but leverage the same technology and incredible team,” said CEO Michael McFadden, CFA. “While Greyhound represents a new brand, the underlying software, configurability, and proven rules engine have already routed and funded nearly a million loans with over 70 warehouse lenders.”

The Executive Team of PROGRESS in Lending has named the top industry innovations of the past year. This honor is the Gold Seal when it comes to recognizing true industry innovation. PROGRESS looked for the innovation’s overall industry significance, the originality of the innovation, the positive change the innovation made possible, the intangible efficiencies gained as a result of the innovation, and the hard cost and time savings that the innovation enables industry participants to achieve. 

"This award is a true testament to the team at OptiFunder," said McFadden. "Innovation is the core of our business."

Greyhound provides new options for warehouse lenders looking for alternatives to legacy solutions. With its security-first design, highly configurable workflow, seamless integrations, and unparalleled efficiency, Greyhound is an ideal fit for warehouse lenders looking to grow market share in today’s challenging environment. With effortless client onboarding, robust reporting, and simple loan ingestion from originators, warehouse lenders of all sizes can easily scale their business with minimal cost and complexity.

Over the last five years, OptiFunder has developed the most comprehensive warehouse management system for mortgage originators. With 40% of top IMB’s on OptiFunder’s roster, 1 in every 7 loans funded across IMBs go through the OptiFunder system. Built by a team of mortgage professionals, the OptiFunder software not only reduces risk, but the user-friendly system condenses hours of manual work into automated tasks. From funding through loan sale, OptiFunder has automated the entire process for many originators.

OptiFunder’s innovative solutions and remarkable growth earned it a top 100 spot on Inc5000’s Fasting Growing Private Companies in 2023. From 2020 – 2024, HousingWire has named OptiFunder a Tech100 Mortgage Winner, and in 2023 and 2024 OptiFunder was recognized as a Progress in Lending Innovations Winner.

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