Skip to main content

OptiFunder Secures $25 Million In Capital

Director of Events
Nov 23, 2021

OptiFunder, a warehouse management system provider for mortgage originators, raised $25 million in additional capital lead by Arthur Ventures, a growth capital firm focused on high-growth, founder-led and capital efficient B2B software companies.

Founded in 2018 by Michael McFadden, OptiFunder is a growing mortgage technology company. In 2021, OptiFunder’s growth has surpassed 400% and is currently funding over 50,000 loans per month on its platform. This investment will further allow OptiFunder to continue its industry-leading innovation and growth rate.

OptiFunder’s Warehouse Management System allows originators to fund loans with a single click of a button, according to the company. Additionally, through the company's Warehouse Connect program, warehouse lenders are able to further strengthen their relationship and integration with their mortgage originator clients.

The company currently supports integrations to all the major Loan Origination Systems and Warehouse Lender’s Systems in the market. Additionally, OptiFunder recently released its own API to allow integration with independent LOS systems, document custodian systems, and mortgage investors.

“We are dedicated to making the mortgage funding and post-closing process as efficient and optimized as possible for every originator and warehouse lender in the industry,” said McFadden, founder and CEO of OptiFunder.

Following the capital raise, OptiFunder plans to hire in all areas of its business including product, engineering, data science, sales, and support.

“OptiFunder has proven to deliver an impressive ROI to its clients through optimization and automation,” said Patrick Meenan, General Partner at Arthur Ventures.

About the author
Director of Events
Navi Persaud is Director of Events at NMP.
Published
Nov 23, 2021
More from
Tech
Navigating The Future Of Marketing Technology

Take inspiration from these tomorrow-oriented improvements and see how they could be adapted

Mar 18, 2024
Women Of Tech 2024

Honoring Women Of Mortgage Technology

Mar 18, 2024
Manually Scrubbing For HMDA Compliance? It’s Time To Automate

Investing in digital transformation systems provides a significant advantage over “wait-and-see” institutions

Feb 26, 2024
From Figure Eights to Mortgage Rates

From Team USA’s grace to financial services’ embrace, Matthew Blackmer draws parallels from his past to the future

Jan 31, 2024
Commissions Alert: Pop Your Profits And Don't Leave A Penny On The Table

Lenders need better tech to help homeowners unlock $20 trillion in tappable equity

Dec 21, 2023
The Road To Success In 2024

A loan servicer’s perspectives on the year ahead

Dec 18, 2023