ST. LOUIS – July 30, 2024 – OptiFunder is pleased to announce the successful funding of its one millionth loan through its Warehouse Management System (WMS). This achievement underscores OptiFunder’s commitment to transforming the mortgage industry, having saved mortgage originators collectively over $65 million in warehouse expenses.
OptiFunder’s WMS has significantly enhanced the efficiency of mortgage loan funding by providing real-time, data-driven decisions on optimal funding sources for each loan. This system ensures maximum interest spread and facilitates seamless connectivity among all participants in the warehouse process. With 40% of the leading independent mortgage banks (IMBs) utilizing OptiFunder’s platform, approximately one in every seven loans funded across IMBs is processed through OptiFunder.
OptiFunder’s mission is to streamline the mortgage origination process, automating every step from loan funding to sale. The system’s intuitive interface reduces extensive manual work to a few streamlined clicks, connecting users with over 170 warehouse lenders and investors as well as all major loan origination systems (LOS). OptiFunder provides comprehensive warehouse management solutions that have resulted in substantial cost savings for originators.
Reaching the milestone of one million funded loans marks a significant achievement in OptiFunder’s ongoing efforts to drive innovation within the mortgage industry. The success of the WMS has led to the development of Greyhound, a modern-day management system for warehouse lenders, built on the same configurable and secure technology. OptiFunder’s pioneering solutions are advancing transparency and operational efficiency, bridging the divide between primary and secondary mortgage markets.
OptiFunder’s remarkable technological advancements and rapid growth have earned it a place among the top 100 companies on Inc. 5000’s Fastest Growing Private Companies list for 2023. Additionally, from 2020 to 2024, HousingWire has recognized OptiFunder as a Tech100 Mortgage Winner, and the company has been honored as a Progress in Lending Innovations Winner in both 2023 and 2024.
For further information about OptiFunder, please visit www.optifunder.com or subscribe to our monthly newsletter.