June 6, 2022

Post-closing process innovation continues to gain steam as OptiFunder® expands its presence with a new integration into the BytePro Enterprise platform, by Byte Software . The OptiFunder integration allows mutual customers on the BytePro platform to optimize warehouse utilization and automate related administrative tasks, further reducing their origination costs.

OptiFunder, which was started by lenders to bring innovation and efficiencies to post-close transactions, has expanded to be a conduit for connected, intelligent and automated transactions between originators, warehouse lenders and investors. Its growing suite of sophisticated solutions include OptiFunder Select®, a decision engine which uses AI and machine learning to analyze and factor the complex rate, term, capacity, fees and time to sale timelines to select the best warehouse line for loans at all stages in the pipeline. OptiFunder Connect® provides connectivity to warehouse lenders allowing originators to create and send funding requests for one loan or hundreds in a single click in seconds. And OptiFunder automates processing and updates for wire confirmations, trial balance reports and Purchase Advice reconciliation. Additionally, the integration makes it easier for warehouse lenders to transact business with their BytePro customers by removing the friction that makes it difficult for mortgage bankers to send loans to their warehouse partners.

The BytePro LOS platform delivers powerful, multi-channel workflow solutions that give mortgage lenders freedom to do business the way they want. The integration with OptiFunder illustrates how Byte’s robust API allows customers to leverage best-in-class service providers according to Mark Todd, National Sales Manager for Byte Software. “At Byte, we’re constantly exploring new technologies that will give our customers a competitive edge, whether developed in house or through integrated third parties. We’re excited to have OptiFunder as yet another lever Byte customers can pull to provide scale to their operations.”

Brian Abbott, OptiFunder COO, concurs adding, “This connection makes it even easier for mortgage bankers to access technology solutions that connect the primary and secondary markets to maximize efficiency and lower net origination costs in advance of projected 2021 market changes. Like Byte Software, OptiFunder is driven to provide solutions that are simple to use and administrate. Our integration allows us to accelerate implementation for customers using the BytePro platform. In addition to offering accessible innovation, our companies share a focus on responsive customer service and risk reduction.”