Tucson, AZ; St. Louis, MO, November 18, 2024 – The Loan Store, a national wholesale lender, now leverages OptiFunder’s Warehouse Management System (WMS) for optimized warehouse decisions and automated funding through loan sale.
“We’re laser-focused on offering our partners competitive loan pricing,” said The Loan Store CEO Phil Shoemaker. “OptiFunder helps us reduce our overall costs and increase our productivity. By pairing modern technology with strong products and efficient processes, we can offer competitive pricing to deliver fast, simple home loans.”
OptiFunder’s WMS has proven to reduce warehouse costs by optimizing loan allocations to the best warehouse based on many factors such as rates, terms, constraints, rebates, incentives and more. A true warehouse management tool, the WMS offers automation for funding, wire data checks, shipping, purchase advice and paydown requests, maximizing operational efficiency and reducing dwell-time by an average of three days.
“Our system has significantly reduced lending costs for our clients,” said OptiFunder CEO Michael McFadden. “Not only with the optimization of warehouse lines, but also by streamlining the funding process. Clients can steady operations during market ebbs and flows and have a clear insight into their warehouse lending.”
OptiFunder offers connections to all major warehouse banks, investors, doc custodians, and other third-party providers such as eDocs and fraud prevention solutions. As part of the evaluation process for all prospects, OptiFunder offers a back-test analysis to compare the impact of its optimized decisions to a prospect’s historical allocation decisions. To learn more about OptiFunder’s WMS for mortgage originators, schedule a demo or visit optifunder.com.
The Loan Store
The Loan Store is a leading national wholesale mortgage lender offering a comprehensive portfolio of loan products. With a commitment to exceptional service and innovative technology, The Loan Store empowers its network of brokers to deliver the best possible experience to their clients.
About OptiFunder
OptiFunder 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.