In the News/Press Releases

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Last Week In Mortgage Today Discussion

Icon Jun. 07, 2022

Icon Host: Rich Swerbinsky, The Mortgage Collaborative

Discussion of key mortgage industry topics as we head into summer 2022.

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Panorama Mortgage Group Selects OptiFunder to Automate Warehouse Optimization

Icon Apr. 28, 2022

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Panorama Mortgage Group, LLC, d/b/a Alterra Home Loans, Legacy Home Loans, Inspiro Financial, New Vision Lending, et al., embraces warehouse optimization and automation.

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CFOs Embrace Tech for Strategic Advantages for their Organizations

Icon Apr. 14, 2022

Icon Michael McFadden, CFA, OptiFunder Founder & CEO

CFOs across industries are embracing technology to gain control, reduce costs and streamline operations, structuring for success amid a turbulent environment. In fact, CFO-focused technology is some of the most exciting and disruptive tech in our industry. But what makes technology effective for finance leaders?

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OptiFunder Expands Purchase Advice Connect

Icon Apr. 12, 2022

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OptiFunder, the mortgage industry’s only Warehouse Management System (WMS) for originators, has enhanced Purchase Advice Connect, utilizing innovative automation technology to retrieve Purchase Advices from any investor. Purchase Advice Connect retrieves, reads, reconciles and uploads data from investors’ Purchase Advice documents to the originator’s Loan Origination System (LOS)

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OptiFunder Hires Jon Rutila

Icon Mar. 30, 2022

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OptiFunder named Jon Rutila as chief revenue officer. He will lead sales and marketing functions for the fintech company and grow its national sales team, among other duties.

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Melissa Smith Joins OptiFunder

Icon Mar. 30, 2022

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Melissa Smith has joined OptiFunder to lead product experience. In her new role, Smith will lead product innovation and go-to-market initiatives for OptiFunder’s flagship warehouse management system.

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OptiFunder Honored with Its Third HW Tech100 Award

Icon Mar. 11, 2022

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OptiFunder is the mortgage industry’s first Warehouse Management System. It leverages machine learning and AI to optimize and automate the use of warehouse lines for independent mortgage bankers. In 2022 it added Purchase Advice automation to further streamline processes through loan sale.

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OptiFunder Announces Fannie Mae Integration to Automate Loan Purchase Advice Data

Icon Feb. 07, 2022

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OptiFunder, the mortgage industry’s premier Warehouse Management System, is now integrated with Fannie Mae Connect™ to expedite the processing and reconciliation of purchased loan data for Mortgage Bankers.

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InstaMortgage to Use OptiFunder Warehouse Management System to Optimize and Automate Loan Funding & Post-Closing

Icon Dec. 08, 2021

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InstaMortgage, a tech-driven mortgage lender licensed in 26 states, will utilize the OptiFunderSM Warehouse Management System to integrate its warehouse lender relationships to simplify and streamline funding activities.

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Alan Johnson, CTO, Named HW Tech Trendsetter

Icon Dec. 01, 2021

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As chief technology officer at OptiFunder, Alan Johnson is the chief architect of a warehouse management system that optimizes and automates funding, ensuring mortgage bankers select the most optimal warehouse facility for each loan...

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OptiFunder Secures $25M in Capital Led by Arthur Ventures

Icon Nov. 22, 2021

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OptiFunderSM announced today that it has raised $25M in additional capital lead by Arthur Ventures, a leading growth capital firm focused on high-growth, founder-led and capital efficient B2B software companies.

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OptiFunder integrates with Encompass® by ICE Mortgage Technology

Icon Sep. 13, 2021

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OptiFunder, the mortgage industry’s first Warehouse Management System for mortgage bankers has partnered with ICE Mortgage Technology™, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure.

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OptiFunder Integrates with Byte Software Bringing Warehouse Management Automation to Mortgage Bankers

Icon May. 25, 2021

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Post-closing process innovation continues to gain steam as OptiFunder® expands its presence with a new integration into the BytePro Enterprise platform, by Byte Software. The OptiFunder integration allows mutual customers on the BytePro platform to optimize warehouse utilization and reduce their net origination costs via automation and intelligent warehouse line management.

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OptiFunder Launches Purchase Advice Automation

Icon Apr. 15, 2021

Icon Brian Abbott, COO

OptiFunder has released its latest mortgage origination AI solution, Purchase Advice Connect, which replaces the manual tasks of reconciling investors’ Purchase Advices.

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OptiFunder Named to HousingWire's 2021 Tech100 List

Icon Mar. 11, 2021

Icon OptiFunder

For the second year in a row, OptiFunder® is recognized as one of the top 100 most innovative companies serving the mortgage and real estate industries.

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NEWS: OptiFunder and LendingQB® Announce Technology Integration Partnership

Icon Nov. 30, 2020

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MeridianLink’s ® LendingQB partners with OptiFunder to optimize warehouse funding and reduce net origination costs

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OptiFunder welcomes Nova Home Loans

Icon Jun. 30, 2020

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Nova Home Loans selects OptiFunder Warehouse Management System By: OptiFunder Corp. ST. LOUIS - June 30, 2020 - PRLog -- Nova Home Loans, a large independent residential mortgage lender, has selected OptiFunder's Warehouse Management System (WMS) to leverage the industry's first fully-automated funding solution. With OptiFunder, Nova Home Loans will leverage a comprehensive platform offering multiple toolsets including the OptiFunder Select decision engine to ensure the optimal warehouse placement for every loan and the OptiFunder Connect automation suite enabling single-click funding with all of its warehouse lenders through a single integration. "As Nova looks at another year of record growth, we want to have technology in place that creates new efficiencies and reduces expense at the same time," said Oystein Konsmo, Chief Financial Officer at Nova. "OptiFunder was a perfect fit because it allows us to scale for our planned growth, reduce expense, maximize warehouse spread, and streamline operational process. With integrated reporting for all our important warehouse relationships in a single location, we now have a clear view of all key metrics, such as ROI, capacity utilization, aging loans and upcoming curtailments in order to proactively manage our business." Konsmo added, "OptiFunder has enhanced our ability to manage loans beyond closing in the LOS. We now have full visibility through loan sale." OptiFunder revolutionizes the way independent originators fund loans by providing real time optimized decisions on where to fund each and every loan to achieve the lowest cost of capital and completely automate the funding process. "Today, mortgage lenders are tasked with finding the right technology solution that fuels their business and enhances the bottom line. Much of the innovation in our industry as of late has been focused on pre-closing. Our Warehouse Management System now allows lenders to achieve optimized results for post-closing functions. We are leveraging the vast information in the Loan Origination System to ensure our clients are achieving the highest level of profitability of loans post-closing," said Brian Abbott, Chief Operating Officer at OptiFunder. "We are thrilled to welcome Nova Home Loans to the growing OptiFunder family – empowering their team with a funding automation solution to reach new levels of growth and profitability." About OptiFunder Corp. OptiFunder is a Fully-Integrated and Automated Warehouse Management System for mortgage originators. OptiFunder developed a patent-pending optimization algorithm to optimize where originators fund each and every loan to achieve the lowest cost of capital. Additionally, OptiFunder automates the submission of data and documents to warehouse lenders, providing a fully-integrated solution for the mortgage funding process. For more information on Nova Home Loans and its services, visit http://www.novahomeloans.com/ Media Contact OptiFunder Corp. Brian Abbott brian.abbott@optifunder.com

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Delmar Mortgage Selects OptiFunder Warehouse Management System

Icon Jun. 30, 2020

Icon Brian Abbott

Delmar Mortgage selects OptiFunder Warehouse Management System St. Louis, MO – December 9, 2019 - OptiFunder, the market leader in warehouse management solutions for independent mortgage bankers, has announced that Delmar Mortgage is the next to adopt its platform to achieve optimal utilization of warehouse funding. OptiFunder revolutionizes the way originators fund loans by providing real time decisions on where to fund every loan to achieve maximum interest spread and connects all interested parties in the warehouse process. “In today’s competitive market, we know how important it is for lenders to bring real solutions to streamline their operations and increase profit margins,” OptiFunder COO Brian Abbott said. “We’re delighted to be working with Delmar Mortgage, whose techforward approach to leveraging our platform gives them a leg up on the competition and puts them on the leading edge of back office digital mortgage transformation. “Automating our funding process means we can turn more attention to delivering the best experience for our borrowers,” said Chris Prost, Delmar Mortgage’s Chief Financial Officer. “We are excited to be partnered with OptiFunder to bring data science and automation into our warehouse management.” For more information on OptiFunder and its product offerings, visit www.optifunder.com About OptiFunder Corp. OptiFunder is a Fully-Integrated and Automated Warehouse Management System for mortgage originators. OptiFunder developed a patent-pending optimization algorithm to optimize where originators fund each and every loan to achieve the best financial performance. Additionally, OptiFunder automat the submission of data and documents to the warehouse lender, providing a fully-integrated solution for the mortgage funding process.

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OptiFunder named HousingWire Tech100 Award Winner

Icon Apr. 07, 2020

Icon Admin

FOR IMMEDIATE RELEASE 3-14-2020 OptiFunder named HousingWire Tech100 Award recipient ST. LOUIS, MO – St. Louis based FinTech, OptiFunder today announced it has received the distinguished HousingWire Tech100 Award recognizing the most innovative technology companies in the U.S. housing economy. Independent mortgage bankers are the primary source of mortgage credit for the most critical sectors of the housing market – first-time homebuyers, working families and minority households. As many large financial institutions have backed away, independent mortgage bankers’ share of total residential loan originations continues to rise. Independent mortgage bankers rely on warehouse lines of credit and other short-term capital to finance their mortgages. OptiFunder’s Warehouse Management System enhances the critical relationship between Independent originators and warehouse lenders via the use of machine learning and AI. Its patent-pending optimization algorithm has proven to decrease mortgage originators’ cost of financing by upwards of 10% while increasing volumes sent to warehouse lenders. “This year’s Tech100 Mortgage award winners blew past innovation, moving beyond innovation to transformation,” said HousingWire CEO, Clayton Collins. The honorees represent truly the most impactful and innovative companies in housing today. Not only do these companies empower their clients and users, they are creating new ways to approach the housing process, improving efficiencies, cutting costs and creating a new experience for all parties involved.” “Having experienced the challenges first hand, we set out several years ago to revolutionize the way mortgage lenders fund loans,” OptiFunder Founder and CEO, Mike McFadden said. “So it is particularly rewarding to be named a HousingWire’s Tech100 Award Winner. We are humbled to see the mortgage industry recognizing our platform’s capabilities in such a short period of time.” For more information on OptiFunder and its product offerings, visit www.optifunder.com About OptiFunder OptiFunder is a Fully-Integrated and Automated Warehouse Management System for mortgage originators. OptiFunder developed a patent-pending optimization algorithm to optimize where originators fund each and every loan to achieve the best financial performance. Additionally, OptiFunder automates the submission of data and documents to the warehouse lender, providing a fully-integrated solution for the mortgage funding process. About HousingWire HousingWire is the most influential source of news and information for the U.S. mortgage and housing markets. Built on a foundation of independent and original journalism, HousingWire reaches over 60,000 newsletter subscribers daily and over 7.5 million unique visitors each year. Our audience of mortgage, real estate, financial services and fintech professionals rely on us to Move Markets Forward. Visit www.housingwire.com or www.solutions.housingwire.com to learn more.

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McFadden Group Launches Revolutionary Platform to Automate...

Icon Nov. 13, 2019

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ST. LOUIS - May 29, 2019 - PRLog -- McFadden Group, the go-to strategic advisory firm in the mortgage industry, has launched OptiFunder, a new

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New St. Louis fintech startup closes $1M seed financing, adds exec

Icon Nov. 13, 2019

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The startup's technology is designed to provide an algorithm to optimize where non-bank mortgage originators fund their loans.

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OptiFunder closes on capital raise and expands its Executive Team

Icon Nov. 12, 2019

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ST. LOUIS - Sept. 18, 2019 - PRLog OptiFunder, the residential mortgage industry's first Warehouse Management System for mortgage originators

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