OptiFunder

2021 HW Tech100

A warehouse management system that leverages machine learning/AI to optimize and automate the use of warehouse lines for independent mortgage originators

OptiFunder-2021 Tech100 winners-mortgage

OptiFunder leverages machine learning/AI to optimize and automate the use of warehouse lines for independent mortgage originators providing the missing link between the origination technology of the LOS and the secondary market technologies used to sell the loan. Its patented optimization algorithm ensures that every loan is funded with the most optimal warehouse line and automates the submission of funding requests to warehouse lenders and processing of purchase advices from investors. OptiFunder’s suite of origination tools includes the OptiFunder Select decision engine that manages complex warehouse terms, uses machine learning to understand historical lending patterns and selects the optimal placement for every loan in the pipeline to achieve the lowest cost of funds for originators. OptiFunder Connect automates and integrates originators’ LOS to their warehouse lenders’ systems enabling a single-click automated funding experience. 

  • On average, clients realize a 2.0 – 3.0 bps savings on funded volume representing 10-15% total expense reduction
  • Originators have proven to save over 30 minutes processing time per loan

Company Website:

http://www.optifunder.com

Markets Served:

Loan Origination

Company HQ:

Maryland Heights, MO

3d rendering of a row of luxury townhouses along a street

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