Independent Mortgage Originators Embrace Warehouse Management Technology to Improve Profitability, Operations

ST. LOUIS - Amzeal -- The OptiFunder^SM Warehouse Management System is experiencing record growth—expanding platform features, integration partners, employee count and its customer base by 300% year over year. Now an estimated one in eight loans funded by IMB's funds on the OptiFunder platform.

Founded in 2019 to help improve the predictability of warehouse funding expense, OptiFunder offers an AI and Machine Learning-powered decision engine for warehouse allocations. Supporting over 60 warehouse lenders, the decision engine considers myriad dynamic factors (such as rates, fees and capacity) in real-time to select the best facility for each loan to deliver optimal financial performance. The engine is rules-based to accommodate relationship factors and the strategic objectives of the mortgage lender.

Since its launch, the multiple award-winning platform has expanded to include automation for funding through loan sale and also includes loan-level and aggregated warehouse expense reporting and analytics.

Innovative independent lenders are gleaning many benefits from their OptiFunder integration. Mike Doncer, Vice President Secondary Operations for Benchmark Mortgage notes, "OptiFunder is proving to be a valuable partner for Benchmark Mortgage. We are utilizing our warehouse facilities more strategically and leverage the real-time reporting to analyze actual and projected expenses across our warehouse lines. The automation for funding and purchase advices has greatly improved our efficiency. The OptiFunder team has a genuine interest in listening to their clients' feedback and delivering dynamic enhancements to an already impressive platform."

More on Amzeal News

• Calvetta Phair, CEO of America's Workforce Solution, LLC, accepted into the Nasdaq Entrepreneurial Center, 'Milestone Circles' Program
• Australian Battery Recycling Technology Startup Advances Its Innovative Battery Metals Recovery Process
• Trump Bus Tour sponsored by Legacy PAC will roll into the Georgia GOP State convention June 9th and 10th Columbus Georgia
• Miss Beloit Organizes Event to Foster STEM Careers for Underserved Communities through Video Games
• Pettit Kohn Welcomes Esteemed Attorney John E. Drazkowski to the Arizona Team

OptiFunder highlights include:

• Rapid industry adoption, including 35 clients among Top 100 Lenders
• Integrations with every major LOS, Fannie Mae Connect™ Whole Loan Purchase Advice Seller API and Freddie Mac's Cash Settlement Purchase Statement API
• Launch of shipping automation and collateral tracking that reduce dwell time
• Full Purchase Advice automation (retrieval, reconciliation and write back to the LOS)
• Wire Data Check to continuously monitor wire instructions to flag anomalies, minimizing manual review and verification
• Industry accolades including HW Tech 100 Mortgage award the last 4 consecutive years and Progress In Lending's Innovations award in 2023.

Warehouse Lenders also benefit from the platform which enables them to offer their customers a better user experience via full automation. Additionally, Warehouse Lenders appreciate that the platform is maintained by OptiFunder, and enables instantaneous terms updates and more complete and accurate funding submissions, improving process efficiency.

Brian Abbott, OptiFunder COO notes, "It's gratifying to reduce expenses for mortgage originators while more closely integrating the marketplace for funding through loan sale. We're saving clients 15 minutes per Purchase Advice. Coupled with bulk funding and automated shipping, OptiFunder clients can eliminate hours of manual tasks and reduce dwell time, too."

More on Amzeal News

• "Sensory VoiceHub 2.0: Rapid Custom Voice UI Dev & Prototyping with Generative AI"
• Vantiva receives EcoVadis Platinum Award & ranks in Top 2% of responsible companies by S&P Global
• INshed Now Offers Nationwide Shipping of Fully-Assembled, Eco-Friendly Backyard Offices
• SatPhoneStore Prepares for Hurricane Season, Encourages Satellite Communications for Reliable Connectivity
• Entrinsik Appoints Madhavi W. Chandra as Chief Product Officer

About OptiFunder:
OptiFunder^SM was founded in 2019 as an enterprise software platform to make the cost of short-term funding capital more predictable for mortgage bankers. With patented AI/ML decisioning, the system factors multiple dynamic datapoints and chooses the best warehouse facility for each loan to achieve optimal financial performance. It's expanded to a full-service platform we call the Warehouse Management System; it automates funding through loan sale to over 60 warehouse lenders and recently launched automated Wire Data Check to add a layer of protection against wire fraud. To learn more, visit:  Optifunder.com | Request Demo | Media