OptiFunder

OptiFunder

Software Development

St. Louis, MO 4,053 followers

Fastest-growing mortgage tech company | Connecting primary & secondary markets with software innovation

About us

OptiFunder, founded in 2018, is a leading innovator in the mortgage industry, offering real-time, data-driven solutions to optimize loan funding and connect stakeholders in the warehouse funding process. Their automated Warehouse Management System (WMS) streamlines data submission between originators, warehouse lenders, and capital markets. Building on the success of its WMS, OptiFunder launched Greyhound, a modern management system for warehouse lenders that enhances efficiency, security, and scalability. OptiFunder is committed to delivering advanced solutions that address the evolving challenges of the mortgage industry and bridge the gap between the primary and secondary markets.

Industry
Software Development
Company size
11-50 employees
Headquarters
St. Louis, MO
Type
Privately Held
Founded
2018

Locations

Employees at OptiFunder

Updates

  • View organization page for OptiFunder , graphic

    4,053 followers

    Don’t miss CEO Michael McFadden, CFA, and Jon Rutila, CMB at Loan Vision this month to learn how you can reduce your second biggest P&L line item, access detailed line reporting, and leverage aggregate ROE analytics for warehouse management. 🎤 Michael McFadden will be speaking on the Executive Track on “FACTORS FOR IMPROVED PROFITABILITY IN POST-CLOSING OPERATIONS,” sharing insights on: 🔵 Lowering warehouse expense and maximizing resources 🔵 Increasing profitability in post-closing operations 🔵 Technology with positive ROI to navigate today’s complex market 📅 TUESDAY, SEPTEMBER 24 🕝 2:45 PM - 3:45 PM *CPE credits available Don't miss this opportunity to gain key insights for your finance team! #LoanVision #WarehouseManagement #MortgageBanking #CPECredits #Profitability #OptiFunder

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  • View organization page for OptiFunder , graphic

    4,053 followers

    The most recent reports on unemployment and inflation suggest the economy is headed in the right direction. It seems likely the Fed will drop rates at next week's meeting. Here are a few things for #mortgage originators to think about to maximize profitability amid rate changes: 🔵 We've seen an increase in refinances and purchase loans as originators gradually lower rates. As originators decrease rates, reference rates for warehouse lines remain elevated, resulting in increased costs per loan. A diversified warehouse portfolio with optimized warehouse selection remains crucial. 🔵 Although some relief is expected, the increase in volume underscores the need for efficiency. Reports of burnout are surfacing and are likely to intensify as rates drop and activity continues. Streamlining processes and leveraging technology can help reduce the complexity of loans and ease the burden on your team. #Originators with systems in place to manage their loan funding are better prepared to handle sudden spikes in production without draining their resources. With these swings in volatility, how does your organization compare? Are you positioned to handle sudden changes? Sign up for our monthly report 👇 #mortgagelending #mortgage #mortgagetech

  • View organization page for OptiFunder , graphic

    4,053 followers

    💡 Did you know? Every year, OptiFunder undergoes a SOC 2 Type 2 audit to ensure the highest standards of security and compliance. Our audits are conducted by A-LIGN, a trusted compliance partner for over 2,500 organizations worldwide. SOC 2, established by the AICPA, is designed to protect the personal assets of customers by reviewing a company’s infrastructure, software, people, data, and operations. This global standard affirms that we’re committed to safeguarding information every step of the way!🔒 #CyberSecurity #Compliance #SOC2 #OptiFunder #Mortgage #MortgageIndustry #MortgageLending #MortgageTechnology

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  • View organization page for OptiFunder , graphic

    4,053 followers

    OptiFunder is on a mission to simplify mortgage lending for everyone. Jon Rutila, CMB and Brian Abbott are at the TMC Conference in Denver talking about what we're doing to streamline and optimize the entire warehouse lending process. Don't miss Michael Metz with V.I.P. Mortgage, Inc. and Ryan McLellan with Revolution Mortgage discussing their experiences with OptiFunder at the Preferred Partner Solutions Showcase later today. 📆 Monday, September 9, 2024 🕐 1:00 PM-2:15 PM 🏢 Mineral Hall D/E - 3rd Floor, Room 2 The Mortgage Collaborative #tmcfamily #sponsor #preferredpartner #mortgagelending #mortgage

  • View organization page for OptiFunder , graphic

    4,053 followers

    Jon Rutila, CMB shares insights on how to select and implement technology efficiently, and it starts with understanding your company, the leadership, and how your organization works together. Take a look 👇

    View profile for Jon Rutila, CMB, graphic

    CRO - Optimizing & Automating Mortgage Warehouse Lending

    Selecting and implementing technology is crucial for mortgage lenders. I led a webinar recently on this topic and thought it was worth sharing. Throughout my career, I've been on all sides of tech selection and implementation. Here's what I've learned about navigating the tech selection and implementation process effectively. 🔵 Understand Your Company Does your company rely mainly on personal interactions, focus on the borrower experience, or have a holistic tech mindset? 🔵 Evaluate Your Processes and Workflows: Are your processes linear and task-focused, or do they involve multifunctional teams? How do you measure success, and how is feedback communicated and acted upon? 🔵 Assess Decision-Making Culture: The way decisions are made within your organization can impact technology implementation. Understanding your decision-making culture will help you manage technology expectations and address potential challenges. 🔵 Technology as a Resource, not a Process: Technology should enhance processes rather than dictate them. When considering new tech, be open to new processes and avoid over-reliance. 🔵 Prepare Thoroughly Before Selection: Before finalizing your choice of technology, define the problem, request multiple demos, and seek real-world feedback. 🔵 Ensure Strong Adoption and Utilization: Appoint an internal advocate and communicate its benefits effectively, while setting realistic expectations and avoiding deviations from its intended use. Monitor adoption through metrics, provide support, and define clear implementation timelines to prevent delays and manage dependencies. By following these steps, you can navigate the complexities of technology adoption and achieve a smooth, effective implementation that drives your organization forward. #TechSelection #MortgageIndustry

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Funding

OptiFunder 2 total rounds

Last Round

Series A

US$ 25.0M

See more info on crunchbase