Welcome to the network one of our newest Preferred Partners, OptiFunder!
OptiFunder is the market leader in warehouse management solutions for mortgage originators. Particularly relevant in today’s environment, lenders need a robust technology platform to fund sharp increases in loan volumes, adjust capacity, and fund ever-changing funding restrictions that can turn on a dime. OptiFunder’s Warehouse Management System, winner of HousingWire’s 2020 Tech Award provides real time decisions on where to fund every loan to achieve maximum interest spread, reduce errors and automate the warehouse process with single-click funding requests.
Why Partner with OptiFunder?
Anyone wanting to remove hidden expense in their organization should take a look. Far beyond managing warehouse lines, OptiFunder’s decision engine manages complex terms buried in warehouse agreements and selects the optimal placement for each loan in the pipeline to produce the lowest cost of financing across the entire month. Its patent-pending optimization algorithm has proven to decrease mortgage originator’s cost of financing by upwards of 10% while increasing volumes sent to warehouse lenders.
Technology enabled access to warehouse lines critical to funding loans. OptiFunder is fully configurable to manage every warehouse relationship with visibility into the entire pipeline from application through settlement. Its end-to-end viewpoints secure capacity to fund sharp increases in loan volume long before closing and automatically shift pipelines based on changing funding restrictions, bulge increases, and places every loan with the optimal warehouse.
Business Intelligence – CFO’s and Treasury Departments can proactively manage their credit facilities with a robust dashboard providing actionable insights to outstanding balances, daily fundings and settlements, upcoming curtailments and aged loan fees and a comprehensive view into projected expenses across all lines for the month.
Automation – the digital mortgage revolution extends to the back office too. The current funding process requires multiple manual steps of, submitting to warehouse portals, and returning to view loan details. OptiFunder streamlines this process by connecting the LOS to dozens of warehouse providers delivering multiple funding requests with a single click of a button and returns critical information to your LOS automatically.
Built by industry veterans with decades of experience, OptiFunder advises clients on warehouse strategies, operations, and technology roadmaps.
TMC Members are experiencing meaningful expense savings in their first full month on the platform. “We were blown away with the results in the very first month using OptiFunder,” said Chris Prost, Delmar Mortgage’s Chief Financial Officer. “The savings quickly provided positive impact to our P&L and automating our funding process means we can turn more attention to delivering the best experience for our borrowers.”
A unique value to the TMC Membership, OptiFunder offers all members a comprehensive warehouse “back-test” and ROI analysis allowing members to “try before you buy”. This analysis allows CFO’s and Treasurer’s to understand how lenders are realizing up to 300% ROI with a comprehensive funding analysis.
For additional information on OptiFunder, contact COO, Brian Abbott today!
TMC - Chief Operating Officer