Panorama Selects OptiFunder to Automate Warehouse Optimization
ST. LOUIS - April 28, 2022 - PRLog -- OptiFunderSM announces Panorama Mortgage Group, LLC as the latest independent mortgage originator to utilize its Warehouse Management System which includes an optimized decision engine for funding allocations and automation of tasks such as funding requests, shipping instructions and Purchase Advice reconciliation.
"We are simplifying processes for both our Funding and Accounting Teams; our teams no longer need to spend time accessing, entering or updating data fields. OptiFunder does it automatically, and we can move them to more productive tasks," states Sarah Gonzalez, President & COO. "We're looking forward to strategically managing our warehouse facilities and accessing real-time utilization analytics."
Founded in 2019, OptiFunder counts many of the largest independent originators in the US among its clients. "With this year's challenges many mortgage bankers are eager to utilize OptiFunder's optimized decisioning to reduce their warehouse expense, which is one of the largest items on their P&L. Having optimized decisioning, useful, aggregated analytics and automated warehouse funding in one platform is transformational for our clients," advised Brian Abbott, OptiFunder COO. "We are excited to help reduce costs and facilitate the flow of capital for our clients and, ultimately, the borrowers they serve."
About OptiFunder Corp.
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.
About Panorama Mortgage Group
Panorama Mortgage Group began in 2007, originating from Alterra Home Loans, which focused on serving first-time Hispanic homebuyers; it has since grown to over $1.3 billion in annual originations. In 2019, PMG grew its mission-driven focus by adding two new brands: Legacy Home Loans, which focuses on increasing Black homeownership rate in America, and Inspiro Financial, a joint venture with one of the country's largest real estate firms.
Brian Abbott, COO