OptiFunder Expands Purchase Advice Connect
One Platform Delivers Optimized and Automated Warehouse Funding and Loan Sale Solutions.
ST. LOUIS - April 12, 2022 - PRLog -- OptiFunderSM (www.optifunder.com), 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), eliminating manual processing time for Originators while reducing dwell time for loans on warehouse facilities.
OptiFunder's WMS is a single platform that combines OptiFunder Select, a decision engine which uses proprietary optimization algorithms and AI/ML technology to allocate loans to warehouse facilities to achieve strategic objectives such as lowest cost of capital or specific funding targets, and OptiFunder Connect, which automates funding request and loan sale tasks—all made possible through secure partner integrations.
Previously, OptiFunder announced an integration with Fannie Mae Connect™ Whole Loan Purchase Advice Seller API to automate retrieval of its Purchase Advices for OptiFunder clients.
Purchase Advice Connect by OptiFunder
"Our clients appreciate the speed, accuracy, and analytics of Purchase Advice Connect. The Purchase Advice data is automatically delivered into the OptiFunder platform and with one click our clients can process purchase advices and update the LOS in moments," noted Brian Abbott, OptiFunder's Chief Operating Officer. "We leverage the best cloud computing technology allowing us to process hundreds of loans almost instantaneously. We're moving people from doing the work to simply monitoring it, while providing real-time business insights that empower IMBs. OptiFunder's Warehouse Management System now fully connects the primary origination market with the secondary mortgage market providing immediate positive ROI for mortgage originators."
OptiFunder is a fully integrated and automated Warehouse Management System for mortgage originators. OptiFunder developed a patented optimization algorithm to optimize where originators fund every loan to achieve the best financial performance. Additionally, OptiFunder automates the submission of data and documents between warehouse facilities and the lender, and investors and the lender, transforming the way mortgage lenders and originators perform funding and secondary market transactions. Visit www.optifunder.com to learn more.
Chief Operating Officer
Brian Abbott, COO