In the News/Press Releases

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OptiFunder closes on capital raise and expands its Executive Team

Icon Nov. 12, 2019

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ST. LOUIS - Sept. 18, 2019 - PRLog OptiFunder, the residential mortgage industry's first Warehouse Management System for mortgage originators

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New St. Louis fintech startup closes $1M seed financing, adds exec

Icon Nov. 13, 2019

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The startup's technology is designed to provide an algorithm to optimize where non-bank mortgage originators fund their loans.

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McFadden Group Launches Revolutionary Platform to Automate...

Icon Nov. 13, 2019

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ST. LOUIS - May 29, 2019 - PRLog -- McFadden Group, the go-to strategic advisory firm in the mortgage industry, has launched OptiFunder, a new

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OptiFunder named HousingWire Tech100 Award Winner

Icon Apr. 07, 2020

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FOR IMMEDIATE RELEASE 3-14-2020 OptiFunder named HousingWire Tech100 Award recipient ST. LOUIS, MO – St. Louis based FinTech, OptiFunder today announced it has received the distinguished HousingWire Tech100 Award recognizing the most innovative technology companies in the U.S. housing economy. Independent mortgage bankers are the primary source of mortgage credit for the most critical sectors of the housing market – first-time homebuyers, working families and minority households. As many large financial institutions have backed away, independent mortgage bankers’ share of total residential loan originations continues to rise. Independent mortgage bankers rely on warehouse lines of credit and other short-term capital to finance their mortgages. OptiFunder’s Warehouse Management System enhances the critical relationship between Independent originators and warehouse lenders via the use of machine learning and AI. Its patent-pending optimization algorithm has proven to decrease mortgage originators’ cost of financing by upwards of 10% while increasing volumes sent to warehouse lenders. “This year’s Tech100 Mortgage award winners blew past innovation, moving beyond innovation to transformation,” said HousingWire CEO, Clayton Collins. The honorees represent truly the most impactful and innovative companies in housing today. Not only do these companies empower their clients and users, they are creating new ways to approach the housing process, improving efficiencies, cutting costs and creating a new experience for all parties involved.” “Having experienced the challenges first hand, we set out several years ago to revolutionize the way mortgage lenders fund loans,” OptiFunder Founder and CEO, Mike McFadden said. “So it is particularly rewarding to be named a HousingWire’s Tech100 Award Winner. We are humbled to see the mortgage industry recognizing our platform’s capabilities in such a short period of time.” For more information on OptiFunder and its product offerings, visit www.optifunder.com About OptiFunder OptiFunder is a Fully-Integrated and Automated Warehouse Management System for mortgage originators. OptiFunder developed a patent-pending optimization algorithm to optimize where originators fund each and every loan to achieve the best financial performance. Additionally, OptiFunder automates the submission of data and documents to the warehouse lender, providing a fully-integrated solution for the mortgage funding process. About HousingWire HousingWire is the most influential source of news and information for the U.S. mortgage and housing markets. Built on a foundation of independent and original journalism, HousingWire reaches over 60,000 newsletter subscribers daily and over 7.5 million unique visitors each year. Our audience of mortgage, real estate, financial services and fintech professionals rely on us to Move Markets Forward. Visit www.housingwire.com or www.solutions.housingwire.com to learn more.

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