SAN JOSE, Calif.--(BUSINESS WIRE)--InstaMortgage, a tech-driven mortgage lender licensed in 26 states, will utilize the OptiFunderSM Warehouse Management System to integrate its warehouse lender relationships to simplify and streamline funding activities.
“OptiFunder’s sophisticated platform is a perfect match for InstaMortgage,” explains Shashank Shekhar, CEO of InstaMortgage. “We’re tech-forward to ensure our clients the best experience at the lowest cost. OptiFunder’s decision engine determines the optimum warehouse facility for every loan and significantly automates funding, reconciling, purchase advices, and shipping, enabling us to focus on enhancing our borrowers’ experience.”
OptiFunder was founded in 2019 by industry veteran Michael McFadden to bring the science of optimization and the efficiencies of automation to independent mortgage originators. McFadden partnered with PhD data scientists and engineers specializing in AI and machine learning to create the patent-pending algorithms driving the decision engine and platform’s automation. The result is a user-friendly platform which reduces funding expense for OptiFunder clients and condenses hours of work to a few clicks.
“I built OptiFunder to integrate the relationship between warehouse lender and mortgage banker and create efficiencies and savings for both parties,” Michael McFadden, CEO of OptiFunder stated. “We’ve expanded to automate shipping and purchase advice reconciliation, and our recent $25M capital raise is going to help us bring even more innovation for mortgage originators and their warehouse partners. We are thrilled to be working with InstaMortgage for many years to come.”
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 InstaMortgage
Originally founded in 2008 by Shashank Shekhar as Arcus Lending, the company rebranded as InstaMortgage in 2021. InstaMortgage aims to provide a radically different mortgage experience to its clients across 26 states. The company has been named to the Inc 500 list of fastest-growing private companies in America. By combining their superior technology with expert advice, excellent customer service, and competitive rates they deliver mortgage options that are tailored to each client's unique financial situation. InstaMortgage, dba Arcus Lending Inc, NMLS 1035734
