OptiFunder Announces Fannie Mae Integration to Automate Loan Purchase Advice Data
By: OptiFunder Corp.
ST. LOUIS - Feb. 7, 2022 - PRLog -- OptiFunderSM, the mortgage industry's premier Warehouse Management System, is now integrated with the Fannie Mae Connect™ Whole Loan Purchase Advice Seller API, expediting the processing and reconciliation of purchased loan data for Mortgage Bankers.
OptiFunder syncs data from Fannie Mae automatically, eliminating the manual process of obtaining purchased loan data and performs the computational logic required to process and reconcile purchase advices with the client's LOS. This allows originators to simplify and streamline workflow and lower discrepancies. Mortgage Bankers see faster accounting for investor loans with detailed pricing attributes and improved accuracy.
"Reconciling investor purchase advice data has long been an incredibly disconnected and labor intensive process that impacts downstream profitability for our mortgage banking clients," states Brian Abbott, Chief Operating Officer for OptiFunder. "We are pleased to work with Fannie Mae in bringing a best in class tech solution that reduces critical cycle time and improves data accuracy for our clients – no matter the LOS system they utilize."
OptiFunder is a fully integrated and automated Warehouse Management System (WMS) for Independent Mortgage Bankers using multiple warehouse facilities. OptiFunder developed a patented optimization algorithm to optimize where originators fund every loan to achieve the best financial performance. Additionally, OptiFunder automates processing of funding requests, wire confirmations, trial balance reports, Purchase Advice reconciliation and shipping, providing a comprehensive solution for the mortgage origination process from funding through settlement and sale to the secondary markets. To learn more, visit optifunder.com.