Optifunder Announces Ice Mortgage Technology As Partner For Warehouse Management & Optimization

ST. LOUIS - Sept. 13, 2021 - PRLog -- OptiFunder®, the mortgage industry's first Warehouse Management System for mortgage bankers has partnered with ICE Mortgage Technology^TM, part of Intercontinental Exchange, Inc., a leading global provider of data, technology, and market infrastructure, to make its Warehouse Management System (WMS) available through  Encompass^®, the industry's leading Loan Origination Software, with built-in ROI.

The seamless API integration helps Encompass users fund loans by providing real-time, optimized warehouse selections on where to fund each loan to achieve the lowest possible cost of warehouse capital and maximum interest spread. By consolidating warehouse management strategy through a single platform, Encompass users reduce financing costs, streamline complex funding workflow, and manage all their most important warehouse relationships from a single platform.

Until now, the process of managing multiple warehouse lines with complex terms against a moving pipeline has been incredibly complex, disconnected, and labor intensive.

OptiFunder's WMS is built from the mortgage lenders' perspective with a fully configurable rules engine supporting over 50 warehouse lenders. The easy-to-deploy platform uses AI and machine learning to analyze and factor complex terms and cycle timelines to select the best warehouse line and automates funding activity, wire confirmations, balance reconciliation, collateral tracking, shipping and paydown activities with Purchase Advice Reconciliation direct from the agencies and key investors.

Key features include:

• Support of unlimited warehouse lenders
• Simple rules and guideline management
• Turn-key warehouse deployment
• Purchase advice automation
• Shipping request and tracking automation

"Our partnership with ICE Mortgage Technology enhances the digital mortgage experience for the back office and gives Encompass customers a technology solution that bridges the primary and secondary markets to maximize efficiency and lower net origination costs," said OptiFunder Chief Operating Officer Brian Abbott.  "Our secure, seamless integration with Encompass enables our joint customers to efficiently fund mortgage loans and enhance relationships with their warehouse partners.  We look forward to a long and successful partnership with ICE Mortgage Technology."

For more information about OptiFunder visit: www.optifunder.com.

ICE Mortgage Technology combines technology, data and expertise to automate the entire mortgage process from consumer engagement through loan registration and every step and task in between. ICE Mortgage Technology is the leading cloud-based loan origination platform provider for the mortgage industry with solutions that enable lenders to originate more loans, lower origination costs, and reduce the time to close, all while ensuring the highest levels of compliance, quality, and efficiency. Visit icemortgagetechnology.com or call (877) 355-4362 to learn more.

About OptiFunder

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 processing of wire confirmations, trial balance reports and Purchase Advice reconciliation, providing a fully-integrated solution for the mortgage origination process from funding through settlement and sale to the secondary markets. Visit https://optifunder.com to learn more or request a demo.

About Intercontinental Exchange

Intercontinental Exchange, Inc. is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses (https://www.theice.com/solutions/clearing) that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services (https://www.theice.com/about/fixed-income-data) and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology (https://www.theice.com/about/mortgage-technology), we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.

Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here (http://www.intercontinentalexchange.com/terms-of-use). Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading "Key Information Documents (KIDS)."

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2020, as filed with the SEC on February 4, 2021.