The new feature adds wire fraud protection to the Warehouse Management System
ST. LOUIS - Dec. 6, 2022 - PRLog -- OptiFunderSM the industry's premier Warehouse Management System (WMS), continues to expand its platform features, which now includes a layer of protection against wire fraud. The Wire Data Check feature:
- Instantly checks Wire Instructions against OptiFunder's extensive wire transaction database.
- Continuously monitors and detects changes in instructions up to and including the Funding process.
- Customizes the level of review to meet a lender's risk tolerance.
- Automates the wire instruction review process – no additional workflow steps required.
Wire Data Check is the latest feature in the OptiFunder Warehouse Management System that provides a single solution for mortgage originators to manage the entire funding process across multiple warehouse partners from the initial funding through loan sale, purchase advice reconciliation, and final paydown.
OptiFunder is a fully integrated and automated Warehouse Management System for mortgage bankers using multiple warehouse facilities. OptiFunder developed a patented optimization algorithm to show originators where to fund every loan to achieve the best financial performance. Additionally, OptiFunder automates every touchpoint throughout the warehouse process, providing a comprehensive solution for mortgage originators from funding through settlement and sale into the secondary markets. To learn more, visit: Optifunder.com | Request Demo | Media
Brian Abbott, COO
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