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

Navi Persaud

Director of Events

Navi Persaud is Director of Events at NMP.

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Nov 23, 2021

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