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Awards

2020 HW Tech100 Mortgage winner: OptiFunder

Warehouse Management System leverages machine learning and AI

OptiFunder is a Warehouse Management System that leverages machine learning and AI to optimize and automate the use of warehouse lines for independent mortgage originators. Its patent-pending optimization algorithm ensures that every loan is funded with the most optimal warehouse line and automates the submission of funding requests to warehouse lenders.

  • OptiFunder Select decision engine uses machine learning to understand historical lending patterns
  • OptiFunder Connect automates and integrates an originator’s LOS to their warehouse lender’s systems, enabling a single-click automated funding request
  • On average, clients realize a 2.0 – 3.0 bps savings on funded volume, representing 10%-15% total expense reduction

http://www.optifunder.com

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The story for the housing market over the past three years has been, “Home sales are down, home prices are up.” Because inventory was so restricted after the pandemic, prices pushed higher even as demand weakened. That story may finally be inverting as unsold inventory of homes is now great enough that home prices are […]