St. Louis, Missouri – OptiFunder, a leader in automating mortgage loan funding and warehouse management, is thrilled to announce its integration agreement with FundingShield, a leader in fraud prevention solutions. This integration will offer IMBs and warehouse lenders advanced fraud prevention solutions within the OptiFunder Warehouse Management Systems (WMS), enhancing their operational efficiency and security.
In an era where data security and payment risks loom large over the mortgage and banking landscape, this collaboration aims to empower independent mortgage banks and warehouse lenders with the tools they need to effectively combat these challenges. By integrating FundingShield’s extensive capabilities, which feature the largest repository of live, real-time, and source-verified licensed closing agents, OptiFunder will enhance its existing offerings, providing clients with improved data integrity and verification processes.
“Wire fraud prevention is more critical than ever for our clients,” said Mike McFadden, CEO of OptiFunder. “This integration with FundingShield will equip our clients with automated, integrated risk management solutions that are essential in today’s rapidly evolving financial environment.”
OptiFunder's WMS for mortgage originators and its innovative Greyhound WMS for warehouse lenders are designed to streamline funding processes. The integration with FundingShield enhances OptiFunder’s security and risk management capabilities, allowing mortgage originators and warehouse lenders to access top-tier fraud detection and compliance tools while optimizing and automating their funding processes.
Ike Suri, CEO of FundingShield, noted, “OptiFunder has developed transformative solutions that simplify the funding-related tasks essential for the success of Independent Mortgage Banks. Together, our combined expertise in automation and risk management will drive significant improvements in operational efficiency across the real estate ecosystem.”
Together, OptiFunder and FundingShield are set to provide the mortgage industry with a safer and more efficient lending experience.
About FundingShield
FundingShield is a FinTech offering B2B & B2B2C solutions delivering transaction level coverage against wire & title fraud, settlement risk, closing agent compliance & cyber threats while reducing operating costs and improving asset quality for US real estate investors and U.S. mortgage finance companies. FundingShield’s user-centric, plug-and-play tools are scalable, pay-per-transaction, secure, cloud-based and are integrated via APIs or intelligent UIs driving a client ROI of over 400% on operational cost savings alone. FundingShield is a 6-time HousingWire TECH100 Winner for 2019-2023; CFO Tech Outlook Top 10 Financial Security Solution Provider for 2021, 2022; Inc. 5000 award recipient for 3 years in a row 2021-2023, California Mortgage Bankers Association Tech Innovator, an ICE Mortgage Technology (InterContinental Exchange – parent of NYSE) Encompass partner, a Tata Consulting Services “TCS” partner (NSE: TCS), and a MasterCard partner (NYSE: MA).
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. Their 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. OptiFunder is a 4-time HousingWire Tech 100 Winner (2020-2024), as well as a two-time Progress in Lending Innovations Winner (2023-2024). OptiFunder’s remarkable technological advancements and rapid growth have earned it a place among the top companies on Inc. 5000’s Fastest Growing Private Companies for 2023 and 2024.