Author Archives: OpenClose

OpenClose’s Mitch Swanson Honored by PROGRESS in Lending with Next Gen Leader Award

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose®, the leading fintech provider of residential mortgage software solutions for banks, credit unions and mortgage lenders, announced that its product delivery manager, Mitch Swanson, has been recognized as a Next Gen Leader within the industry by PROGRESS in Lending Association.

The Next Gen Leader award highlights rising visionaries and thought leaders who have been in the mortgage industry for 15 years or less. PROGRESS in Lending states that the winners encompass a wide range of mortgage professionals with diverse skill sets that have one commonality: helping their companies make a difference for the good of the industry. Winners of the award are creative, out-of-the-box thinkers who go beyond what's expected, are not afraid to step forward and blaze a new trail, and constantly offer bold new ideas.

Mitch Swanson, PMP has spent his entire career in the mortgage industry working for both mortgage lenders and mortgage technology vendors. This rich blend of vendor and lender experience gives him unique industry insight to better assist lenders in optimizing the use of OpenClose's solution suite.

"I am elated that the judges at PROGRESS in Lending put me on the 2022 list of young, emerging leaders who are making a difference in the mortgage industry," said Swanson. "I have been dedicated to the mortgage industry from day one and am committed to helping lenders maximize operational efficiencies via technology. I look forward to working with more lenders and introducing them to OpenClose's suite of mortgage software solutions."

At OpenClose, Mitch has been integral with delivering the company's borrower direct lending automation solution, ConsumerAssist™. This self-service model flourished throughout the refinance boom, helping lenders manage an influx of loan applications, and is now being leveraged to cut costs while offering borrowers a superb lending experience. ConsumerAssist has been implemented with great success at banks, credit unions, and independent mortgage banks thanks to Mitch's leadership and innovation.

Mitch has also worked on OpenClose's Assist series that automate specific lending functions for a wide variety of customer types. In addition to onboarding new customers onto the ConsumerAssist platform, Mitch constantly works on product enhancements that deliver innovative solutions that increase borrower satisfaction and lender efficiencies.

One of Mitch's latest initiatives includes creating a three-tiered pre-approval process based on confidence levels calculated with inputs from third party verification services. This process will have the ability to generate pre-approval letters with little to no contact with a loan officer. Consequently, it will dramatically improve a buyer's chance at securing a property to purchase while reducing the number of resources required to generate an accurate pre-approval. Mitch's efforts are ongoing, as he continually works with the OpenClose team and its customers to further enhance OpenClose's software solutions.

"Mitch is an integral member of our product development team who is well-respected by his colleagues, industry peers and OpenClose's customers," said Allen Pollack, vice president of innovation at OpenClose. "He is a dynamic, multi-faceted person who is stacked with mortgage technology experience at both the vendor and lender levels. We are pleased that the judges at PROGRESS in Lending recognized Mitch's efforts that deservedly landed him on the 2022 Next Gen Leaders list."

The complete list of award winners for 2022 can be found on PROGRESS in Lending's website: https://mymortgagemindset.com/the-2022-nextgen-leader-award-winners-are/

About OpenClose:

Founded in 1999, OpenClose is the preeminent fintech provider that developed the mortgage banking industry's first SaaS-based lending automation software platform. Today, the company has expanded to become an award-winning, comprehensive loan origination software suite that slashes the cost to manufacture loans by up to 40 percent, reduces processing and underwriting cycle times by up to 50 percent, and requires minimal support to install and manage. OpenClose is the only vendor in the industry able to offer a true end-to-end, omni-channel, 100 percent browser-based, workflow-driven platform that effectively consolidates the digital POS, LOS, PPE and BI functions via a single provider, with easy access from any browser or mobile device. For more information, visit https://www.openclose.com/ or call (561) 655-6418.

OpenClose®, the leading fintech provider of residential mortgage software solutions for banks, credit unions and mortgage lenders, announced that its product delivery manager, Mitch Swanson, has been recognized as a Next Gen Leader within the industry by PROGRESS in Lending Association.

Related link: https://www.openclose.com/

OpenClose Adds DataVerify Solutions to its LenderAssist™ LOS

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose®, a leading fintech provider of mortgage software solutions for banks, credit unions and mortgage lenders, announced that it has integrated its LenderAssist™ loan origination system (LOS) with the DataVerify® DRIVE® platform to seamlessly validate borrower provided data.

Directly from within LenderAssist, users can initiate a comprehensive data verification analysis that compares borrower information across multiple data sources to validate their information. The lender receives a full DRIVE report and is alerted when variances occur during the origination process.

"Incorporating the DataVerify technology into our LOS helps protect our customers and offers time saving efficiencies," said Vince Furey, CRO at OpenClose. "Our integration with DataVerify takes the validation of data many steps further than manually checking information on the borrower's loan application in order to accurately assess and mitigate risk. The value of this new interface is clear-cut."

Using the DRIVE® platform, OpenClose customers can now cross check key information on the borrower's loan application such as phone numbers, addresses, NMLS licenses, both custom and industry watchlists, and more. DataVerify automatically combs and compares the results from many different databases to pinpoint the same risk factor in order to confirm or deny its existence.

The DataVerify DRIVE platform also checks the borrower's background for bankruptcies, foreclosures, liens and judgments, real estate property owned, driver's license validity, and other information that affects lender and investor risk assessment. In addition, DataVerify offers the ability to efficiently manage the Undisclosed Debt Monitoring product through DRIVE® in partnership with Factual Data®.

"We are excited to have a direct integration with OpenClose and are confident that DRIVE®'s added functionality will benefit users residing on their LenderAssist LOS," said DataVerify President Brad Bogel. "The detailed reporting that DRIVE returns into LenderAssist will help our mutual customers identify potential fraud and streamline the process."

The DRIVE® platform is proven to automate aspects of the underwriting process including many tasks that are often manually completed by an underwriter. DRIVE® is based on a set of rules that a mortgage fraud expert would typically follow in diagnosing a problem, and its technology is able to identify nuances. The platform can identify instances of possible fraud, data inaccuracies, compliance issues, and highlights risk that lenders could potentially be exposed to throughout the lending process. Lenders are also empowered with the ability to configure specific rules in the platform to better fit their business model and adjust as their needs change.

About OpenClose:

Founded in 1999, OpenClose is the preeminent fintech provider that developed the mortgage banking industry's first SaaS-based lending automation software platform. Today, the company has expanded to become an award-winning, comprehensive loan origination software suite that slashes the cost to manufacture loans by up to 40 percent, reduces processing and underwriting cycle times by up to 50 percent, and requires minimal support to install and manage. OpenClose is the only vendor in the industry able to offer a true end-to-end, omni-channel, 100 percent browser-based, workflow-driven platform that effectively consolidates the digital POS, LOS, PPE and BI functions via a single provider, with easy access from any browser or mobile device. For more information, visit https://www.openclose.com/ or call (561) 655-6418.

About DataVerify:

DataVerify is a premier provider of risk mitigation, data validation, and workflow management solutions for the mortgage industry. DataVerify harnesses advanced analytics and technology to create automated and configurable workflow and decision management solutions. Their highly responsive platform empowers lenders to make precise and consistent business decisions through an engine that identifies and measures hidden threats such as data integrity errors and misrepresentations, identity theft, and property and application risk. Engineered to offer optimal flexibility, the DataVerify platform (which incorporates 4506-C, SSA, and employment and income verification) allows lenders to manage risks according to their institution's tolerance level. For more information about DataVerify, please contact info@dataverify.com or access the company's website at https://www.dataverify.com/.

OpenClose®, a leading fintech provider of mortgage software solutions for banks, credit unions and mortgage lenders, announced that it has integrated its LenderAssist™ loan origination system (LOS) with the DataVerify® DRIVE® platform to seamlessly validate borrower provided data.

Related link: https://www.openclose.com/

PROGRESS in Lending Lauds Kathy Olsen of OpenClose with Most Powerful Women in Fintech Award

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose®, the leading fintech provider of residential mortgage software solutions for banks, credit unions and mortgage lenders, announced that its director of support services, Kathy Olsen, has been honored by PROGRESS in Lending Association as a leading female technology professional in the mortgage industry.

Now in its fourth year, the Most Powerful Women in Fintech award recognizes only those women who play key roles in leading the way and reshaping how the mortgage industry thinks. PROGRESS in Lending named only a total of 35 honorees to the 2022 list.

With more than 30 years of experience in the mortgage industry, Kathy Olsen has spent a good portion of her career working in mortgage technology and specifically the LOS space. She oversees training and support for OpenClose's LenderAssist(tm) LOS customers and ancillary solutions.

Armed with experience working for lenders, mortgage technology providers and industry consultants coupled with 12 years at OpenClose, Olsen is in a unique position to help customers get trained and go live. Olsen is credited with onboarding and training dozens of new customers throughout one of the most explosive growth periods in OpenClose's 22-year company history. In recent years, lender demand for OpenClose's completely browser-based Assist series of lending solutions has spiked, as lenders enjoy a simple and cost-effective workflow to managing the mortgage lending process within an efficient, easy-to-use and elegant user experience.

"I am elated to receive recognition alongside so many other accomplished women who are helping spur forward progress for their companies and the industry," said Olsen. "There are a lot of great technology solutions available to lenders; however, it's the people behind those solutions that ultimately makes a difference. As one of the 35 winners, it's refreshing to see advances being made in the industry with female technologists."

"Kathy is very passionate about helping our customers quickly get up to speed on our platform and began enjoying newfound efficiencies," said Vince Furey, CRO at OpenClose. "She is a rare breed of highly dedicated and enthusiastic subject matter experts in the LOS space, and it shows in the way she interfaces with end users. We are lucky to have Kathy on our team."

The complete list of Most Powerful Women in Fintech winners for 2022 can be found on PROGRESS in Lending's website. https://mymortgagemindset.com/the-2022-most-powerful-women-in-fintech-award-winners-are/.

About OpenClose:

Founded in 1999, OpenClose is the preeminent fintech provider that developed the mortgage banking industry's first SaaS-based lending automation software platform. Today, the company has expanded to become an award-winning, comprehensive loan origination software suite that slashes the cost to manufacture loans by up to 40 percent, reduces processing and underwriting cycle times by up to 50 percent, and requires minimal support to install and manage. OpenClose is the only vendor in the industry able to offer a true end-to-end, omni-channel, 100 percent browser-based, workflow-driven platform that effectively consolidates the digital POS, LOS, PPE and BI functions via a single provider, with easy access from any browser or mobile device. For more information, visit https://www.openclose.com/ or call (561) 655-6418.

Social: @OpenClose_LOS #LenderAssist #KathyOlsen #MostPowerfulWomenInFintech #MortgageSoftwareSolutions

Media Contact:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

OpenClose®, the leading fintech provider of residential mortgage software solutions for banks, credit unions and mortgage lenders, announced that its director of support services, Kathy Olsen, has been honored by PROGRESS in Lending Association as a leading female technology professional in the mortgage industry.

Related link: https://www.openclose.com/

OpenClose Launches Mobile Assist™ Native Mobile App Platform

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose®, the leading fintech provider of mortgage software solutions for banks, credit unions and mortgage lenders, today announced the launch of its native mobile app platform, Mobile Assist™. Mobile Assist adds features and functionality to make originators more successful with a real-time omnichannel device platform that helps originators deliver superior service and guidance to their borrowers and referral partners in a secure, seamless and collaborative experience.

OpenClose's Mobile Assist allows originators to generate product and pricing scenarios, run AUS, lock loans, view conditions, receive real-time notifications, communicate easily and have greater visibility into all aspects of the loan manufacturing process. Originators can invite borrowers into a secure environment at any stage of the application process; upload or photo capture documentation; eSign documents; automatically verify employment, income and assets; view progression of their loan; action loan conditions; and collaborate with staff and affinity partners to efficiently complete the transaction.

For lenders, Mobile Assist extends the traditional office and will help attract top-tier sales talent and secure vital referral partners. The platform provides an environment where originators, borrowers, realtors and other affinity partners can fully function and collaborate on a native Android, iPhone or iPad device. With on-the-go connectivity to critical data and tools, you become the partner that offers originators cutting edge tools while establishing operational efficiencies and reducing the cost to manufacture loans

"OpenClose provides unburdened, secure connectivity to our digital lending ecosystem by eliminating the hardware tether associated with our competitors. With mobile devices being such an integral part of our culture today and the demand for in real-time experiences, OpenClose wanted to fundamentally shift the way people think about mortgage loan origination," said Allen Pollack, VP of Innovation at OpenClose. "Consumers demand the flexibility to engage on their time with the devices that are always by their side and have the opportunity to communicate not only with their lender, but also with all parties critical to their transaction. Originators can now embrace the culture and better service their borrowers and partners with unmatched work-from-anywhere personalized experiences."

OpenClose's Mobile Assist interacts seamlessly with its LenderAssist™ LOS, DecisionAssist™ PPE, and ConsumerAssist™ POS, providing a new level of synchronization between the lender's back-office staff, loan officers operating in the field, borrowers and affinity partners.

About OpenClose:

Founded in 1999, OpenClose is the preeminent fintech provider that developed the mortgage banking industry's first SaaS-based lending automation software platform. Today, the company has expanded to become an award-winning, comprehensive loan origination software suite that slashes the cost to manufacture loans by up to 40 percent, reduces processing and underwriting cycle times by up to 50 percent, and requires minimal support to install and manage. OpenClose is the only vendor in the industry able to offer a true end-to-end, omni-channel, 100 percent browser-based, workflow-driven platform that effectively consolidates the digital POS, LOS, PPE and BI functions via a single provider, with easy access from any browser or mobile device.

For more information, visit https://www.openclose.com/.

OpenClose®, the leading fintech provider of mortgage software solutions for banks, credit unions and mortgage lenders, today announced the launch of its native mobile app platform, Mobile Assist™. Mobile Assist adds features and functionality to make originators more successful with a real-time omnichannel device platform.

Related link: https://www.openclose.com/

7 Mortgage Implements OpenClose’s LOS & POS to Support Its Network of Credit Union Members

KNOXVILLE, Tenn. /ScoopCloud/ -- 7 Mortgage, a credit union service organization (CUSO), announced that it went live with OpenClose's end-to-end loan origination system (LOS) allowing its partner credit unions to leverage the mortgage industry's leading technology. The OpenClose solution allows 7's CUSO members to efficiently and effectively complete mortgage loans - from start to finish - via a centralized platform rated #1 by multiple independent studies.

A subsidiary of ORNL Federal Credit Union (ORNL FCU), 7 Mortgage successfully launched OpenClose's LenderAssist(tm) LOS and ConsumerAssist(tm) POS in July, delivering an enriched digital mortgage experience for both partner credit unions and the members they serve. 7 Mortgage now offers an array of new features, further distinguishing itself as a premier CUSO for residential mortgage lending.

"I am excited to convert our clients from Mortgage Cadence to OpenClose because it offers versatility, a fresh, modern look and sports a user-friendly format," said Chris Boler, 7 president and CEO. "7 is dedicated to making credit unions stronger through collaboration. By offering a top-tier product like OpenClose to our partners, we are helping our members and our industry thrive."

7's credit union members have access to OpenClose's award-winning platform, which includes a robust digital mortgage point-of-sale solution; a comprehensive, 100 percent browser-based LOS; a flexible, natively built product and pricing engine (PPE); business intelligence and analytics software (BI); mobile device functionality extension; and a RESTful API suite for simple, cost effective integrations.

OpenClose offers a uniquely consolidated digital POS and LOS, along with additional capabilities - all via a single-source software provider, driving real-time member engagement and collaboration throughout the mortgage loan process.

"We are pleased to welcome 7 Mortgage as a new OpenClose partner and are confident its members will gain many benefits from our platform," said Vince Furey, CRO at OpenClose. "Our LenderAssist LOS brings new efficiencies to the table, which transforms mortgage lending for credit unions into an easier, streamlined, member centric process."

Using the new solution, 7 and its members are expected to benefit from OpenClose's #1 rated customer service, better connectivity, reduced operating costs, quicker turn times and expanded options by which to conduct business.

About 7:

Rooted in the seven principles of the credit union movement, 7 is a wholly owned credit union service organization (CUSO) of ORNL Federal Credit Union (FCU) in Oak Ridge, TN. 7 Mortgage, 7 Title, and 7 Insurance are included under the CUSO's umbrella. 7 Mortgage has 26 credit union partners and is licensed in 6 states. The mortgage company specializes in offering tailored mortgage solutions to credit unions throughout the Southeast. For more information, visit 7.coop or call (865) 564-7465.

About ORNL Federal Credit Union:

Chartered in 1948, ORNL FCU is a not-for-profit financial cooperative locally owned and operated by its members for the benefit of all who belong. ORNL FCU represents over 175,000 members and $2.5 billion in assets and serves members and businesses in 19 counties of East Tennessee. For more information, visit ornlfcu.com or call (865) 688-9555.

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(r) is a leading enterprise-class, multi-channel loan origination system (LOS), POS digital mortgage and fintech provider that cost effectively delivers its digital platform on a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators. OpenClose's core solution, LenderAssist(tm), is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up. The company offers a RESTful API suite that standardizes system-to-system integrations, making them easier to develop, quicker to implement and more cost effective. OpenClose provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence. For more information, visit https://www.openclose.com/ or call (561) 655-6418.

Media Contacts:
Chris Boler
7, President/CEO
865-560-7499
cboler@7.coop

Joe Bowerbank
Profundity Communications, Inc. for OpenClose
949-378-9685
jbowerbank@profunditymarketing.com

Social Media:
@OpenClose_LOS @7Mortgage #CreditUnionsLOS #CreditUnionsLoanOriginationSoftware #CreditUnionsMortgageAutomation #Mortgage #TitleCompany #Insurance #CreditUnions #CUDifference #RealEstate #EastTennessee #Knoxville #KnoxRocks #KnoxvilleTN #KnoxvilleRealEstate #KnoxvilleRealtor #BuyingAHome #FirstTimeHomebuyer #HomeClosing

7 Mortgage, a credit union service organization (CUSO), announced that it went live with OpenClose's end-to-end loan origination system (LOS) allowing its partner credit unions to leverage the mortgage industry's leading technology. The OpenClose solution allows 7's CUSO members to efficiently and effectively complete mortgage loans - from start to finish - via a centralized platform rated #1 by multiple independent studies.

Related link: https://www.openclose.com/

OpenClose Integration with Access Business Technologies Provides Faster Exchange of Loan Data Between LOS and Third-Party Systems

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose®, the industry-leading mortgage fintech provider and omni-channel loan origination system (LOS), announced that it integrated with Access Business Technologies' (ABT) MortgageExchange interface solution, a secure cloud-based environment that enables multiple platforms and applications to share data between disparate systems. Now, OpenClose and ABT are able to conduct business with more lending entities.

ABT's MortgageExchange extracts mortgage loan data fields and properly places all information into the connecting fields within other applications (using respective APIs when available). Each integration is customized between OpenClose and ABT to model the customer's business workflow, which eliminates data input redundancy, prevents errors, and saves time.

"Teaming with ABT allows our mutual customers to instantly access and share accurate data with different software systems both inside and outside of the mortgage industry," says Vince Furey, CRO at OpenClose. "ABT's MortgageExchange enables two-way data flow where relevant information is passed from our LenderAssist LOS to the target platform and from the target platform back to the LOS. This ability provides time savings and increased accuracy by populating client information directly from a system of record. This new integration further supports the fact that OpenClose is the best way to lend from open to close."

Organizations leveraging ABT's MortgageExchange solution do not require additional servers, software, coding, or maintenance. ABT builds fully functional interfaces using custom-configurations that follow the clients' business processes. Engagements for MortgageExchange are completed, tested, and in production within 90 days. OpenClose's RESTful API Suite enabled ABT to efficiently connect to its LenderAssist™ LOS and facilitate the secure transfer of data between advanced workflows that lenders leverage daily. As a result, it is simple for customers using ABT's MortgageExchange to connect to the OpenClose LOS and virtually any other software platform using contemporary APIs.

"Partnering with OpenClose unlocks a lot of doors for lending entities that use the MortgageExchange interface," said Justin Kirsch CEO. "At ABT, everything we design and build lives in the cloud and our teams manage all maintenance and upkeep, freeing lenders from concern or worry about any added cost and time required to maintain applications and the connecting interfaces. We firmly believe that time is money, and our clients invest the time saved building a more profitable operation."

Lenders using the OpenClose and ABT integration receive a report from MortgageExchange that provides full transparency showing what transpired with the data, identifying any issues with the loan data before it is sent to the target software platform, ensuring data accuracy.

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose® is a leading enterprise-class, multi-channel loan origination system (LOS), POS digital mortgage and Fintech provider that cost effectively delivers its digital platform on a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators. OpenClose's core solution, LenderAssist™, is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up.

The company offers a RESTful API suite that standardizes system-to-system integrations, making them easier to develop, quicker to implement and more cost effective. OpenClose provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence. For more information, visit https://www.openclose.com/ or call (561) 655-6418.

About ABT:

Access Business Technologies (ABT) was established in 1999 by mortgage technology veterans who offered the first Infrastructure as a Service "SaaS" products designed specifically for the mortgage industry. With cybersecurity being a critical issue for financial companies, security is at the core of every product and service delivered by ABT. ABT delivers enterprise grade technologies and services to mortgage companies, banks, and credit unions. Our close partnerships with Microsoft, Mortgage Cadence, Ellie Mae, Calyx Software, OpenClose, Jack Henry, Finastra and Fiserv provide us with the unique ability to efficiently deploy mortgage specific technology to your organization regardless of size or monthly loan volume. ABT is the only Microsoft Cloud Solutions Provider "CSP" dedicated to serving only those companies who originate mortgages. Visit ABT's website for additional information https://www.myabt.com/.

Media Contact:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

Social Media: @OpenClose_LOS @Mortgage_Cloud #OpenClose #AccessBusinessTechnologies #LoanOriginationSoftware #FintechLOS #MortgageIntegrations #MortgageExchange

OpenClose®, the industry-leading mortgage fintech provider and omni-channel loan origination system (LOS), announced that it integrated with Access Business Technologies' (ABT) MortgageExchange interface solution.

Related link: https://www.openclose.com/

Mortgage Insurance Ordering Made Seamless as OpenClose® Integrates Its LenderAssist™ LOS with Radian

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose(R), an industry-leading digital mortgage fintech provider, announced it completed an interface with Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc. (NYSE: RDN). The integration leverages OpenClose's omni-channel loan origination system (LOS) and RESTful API suite, allowing Radian customers to order MI without exiting the LenderAssist(TM) LOS.

LenderAssist LOS users can now quickly, easily, and cost effectively obtain rate quotes and process delegated as well as non-delegated MI certifications. Data returned from Radian automatically populates into the applicable LOS fields, eliminating error prone manual data entry.

"We are constantly communicating with our customers and identifying opportunities to eliminate manual processes and the associated data integrity risk they present," said Vince Furey, CRO at OpenClose. "This integration automates the ordering and processing of mortgage insurance and provides our mutual customers speed, efficiency and accuracy, from any online environment - anywhere, at any time."

Radian offers lenders competitive pricing, unique programs, digital solutions and focused service that help close loans faster, generate more business and better manage their portfolios. The company's MI products help borrowers become homeowners sooner by qualifying for loans with smaller downpayments while mitigating investor risk.

"At Radian, we are committed to making it easier and simpler for our customers to do business with us," said Brien McMahon, chief franchise officer and co-head of real estate, Radian. "Partnering with OpenClose will allow for streamlined, direct and real-time access to private MI for lenders and borrowers, and we're proud to deliver that."

OpenClose offers an award-winning, 100 percent browser-based, end-to-end, workflow-driven fintech platform that effectively consolidates the consumer digital POS, LOS, PPE and Business Intelligence functions. Easily accessible from any computer or mobile device - all via a single-source provider.

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading enterprise-class, omni-channel loan origination system (LOS), POS digital mortgage and fintech provider that cost effectively delivers its digital platform on a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators. OpenClose's core solution, LenderAssist(TM), is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up.

The company offers a RESTful API suite that standardizes system-to-system integrations, making them easier to develop, quicker to implement and more cost effective. OpenClose provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence. For more information, visit https://www.openclose.com/ / or call (561) 655-6418.

About Radian

Radian is ensuring the American dream of homeownership responsibly and sustainably through products and services that include industry-leading mortgage insurance and a comprehensive suite of mortgage, risk, title, valuation, asset management and other real estate services. We are powered by technology, informed by data and driven to deliver new and better ways to transact and manage risk. Visit https://www.radian.com/ to learn more about how Radian is shaping the future of mortgage and real estate services.

Media Contacts:

For OpenClose:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

For Radian:
Rashi Iyer
215-231-1167
rashi.iyer@radian.com

OpenClose Social Media: @OpenClose_LOS #OpenClose #LoanOriginationSoftware

Radian Social Media: @radian_us #QuoteQualityQuoteRadian #OneRadianInfiniteSolutions

OpenClose(R), an industry-leading digital mortgage fintech provider, announced it completed an interface with Radian Guaranty Inc., the mortgage insurance (MI) subsidiary of Radian Group Inc. (NYSE: RDN). The integration leverages OpenClose's omni-channel loan origination system (LOS) and RESTful API suite, allowing Radian customers to order MI without exiting the LenderAssist(TM) LOS.

Related link: https://www.openclose.com/

New Integration Enables OpenClose Lenders to Automate MERS® Loan Registration and Transfer via Cyberlink’s eRAMP System

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose(R), the industry-leading mortgage fintech provider and omni-channel loan origination system (LOS), and Cyberlink Software Solutions, a provider of optimization and development solutions for mortgage lenders, announced the completion of an integration that eases the time consuming and laborious method of registering loans one by one with MERS(R).

Cyberlink's eRAMP MERS Transaction Management solution integration works by taking bulk loans that OpenClose lender customers need to register or transfer with MERS, and processing this important task efficiently, quickly, and accurately regardless of the number of loans to submit. eRAMP data then updates OpenClose's LenderAssist(TM) LOS, which includes registration confirmation dates as well as transfer of rights confirmation dates.

"We continuously look for opportunities to automate redundant tasks. The integration with eRAMP accelerates workflow, reduces errors and frees OpenClose users to work on other tasks," stated Vince Furey, CRO of OpenClose. "We are pleased to introduce eRAMP's MERS end-to-end transaction processing solution to our customers knowing that it will save them valuable time and money."

eRAMP has been relied upon for MERS(R) transaction processing by lenders large and small since 2003. Whether it's registering thousands of loans or a couple dozen loans, it's done with the click of a mouse and with minimal manual intervention by the lender. Confirmation reports along with details are provided back to the lender from eRAMP.

"We're always excited when we deliver new features that save time and reduce costs for our customers," said Greg Uttal, president of Cyberlink Software Solutions. "Our goal is to secure additional business and accomplish more with less by way of technology. With the new OpenClose integration, we're right on target to deliver value to our mutual customers."

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading enterprise-class, multi-channel loan origination system (LOS), POS digital mortgage and fintech provider that cost effectively delivers its digital platform on a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators. OpenClose's core solution, LenderAssist(TM), is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up. The company offers a RESTful API suite that standardizes system-to-system integrations, making them easier to develop, quicker to implement

and more cost effective. OpenClose provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence. For more information, visit https://www.openclose.com/ or call (561) 655-6418.

About Cyberlink Software Solutions:

Cyberlink Software Solutions, Inc. is a software development company that's been creating innovative applications for mortgage professionals since 1995. We offer in-house developed software products and consulting services, including LOS implementation project management, LOS optimization consulting and MERS process improvement solutions. For more information, please call 800 518-0919 or visit https://www.oncyberlink.com.

Social Media: @OpenClose_LOS #MERSLoanRegistration #LoanOriginationSoftware #CyberLinkSoftwareSolutions #OpenClose

Media Contact:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

OpenClose, the industry-leading mortgage fintech provider and omni-channel loan origination system (LOS), and Cyberlink Software Solutions, a provider of optimization and development solutions for mortgage lenders, announced the completion of an integration that eases the time consuming and laborious method of registering loans one by one with MERS.

Related link: https://www.openclose.com/

Innovation Technology Award Goes to OpenClose Loan Origination System

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose(R), the industry-leading omni-channel loan origination system (LOS) and digital mortgage fintech provider, announced that it received PROGRESS in Lending Association's 2020 Innovation Award for its "truly game-changing solutions in the mortgage space." The award was given for OpenClose's newly combined end-to-end browser-based LOS, digital mortgage point-of-sale (POS) solution, native product and pricing engine (PPE), businesses intelligence (BI) capabilities, and RESTful API suite.

Award winners were selected by a panel of mortgage technology experts that selected winners based on each innovation's overall industry significance; the innovation's originality; the positive change the innovation made possible; the intangible efficiencies gained as a result of the innovation; and the hard cost and time savings that the innovation enables industry participants to achieve.

"We're ecstatic to be honored with this 2020 Innovation Award," said JP Kelly, president at OpenClose. "As PROGRESS in Lending acknowledged, we were the first to successfully create a single-source, 100 percent browser-based LOS and POS solution. The genesis of this model stemmed from us observing lenders having to deal with too many disparate technologies and vendors in order to automate digital lending processes, which can be prone to compatibility problems and increase cost per loan."

According to its website, PROGRESS in Lending states that while there are a lot of digital mortgage POS vendor offerings offering standalone solutions in the market, OpenClose was the ground-breaking vendor that decided to focus on developing the first truly consolidated digital mortgage POS and end-to-end multi-channel LOS solution offered by a single-source provider along with a native PPE, BI, and RESTful API suite.

We are the only mortgage fintech provider proven to implement a comprehensive, purely browser-based LOS with omni-channel digital lending capability," asserted Vince Furey, CRO at OpenClose. "As with any leader, our competitors are now copying our marketplace positioning, messaging and value proposition, but falling short. The entire team at OpenClose is appreciative of PROGRESS in Lending Association for recognizing our efforts with this award."

A complete list of the 2020 Innovation Award winners can be found on PROGRESS in Lending's website https://mymortgagemindset.com/the-2020-innovations-award-winners-are.

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading enterprise-class, omni-channel loan origination system (LOS), POS digital mortgage and fintech provider that cost effectively delivers its digital platform on a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent browser-based solutions for banks, credit unions, lenders and conduit aggregators. OpenClose's core solution, LenderAssist(TM), is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up. The company offers a RESTful API suite that standardizes system-to-system integrations, making them easier to develop, quicker to implement and more cost effective. OpenClose provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence. For more information, visit https://www.openclose.com/ or call (561) 655-6418.

Social Media: @OpenClose_LOS #LoanOriginationSoftware #DigitalMortgagePOS #InnovationAward #PROGRESSinLending

Media Contact:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

OpenClose the industry-leading omni-channel loan origination system (LOS) and digital mortgage fintech provider, announced that it received PROGRESS in Lending Association's 2020 Innovation Award for its "truly game-changing solutions in the mortgage space."

Related link: https://www.openclose.com/

HousingWire Honors OpenClose as a 2020 Mortgage Tech100 Innovator

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose(R), the leading mortgage fintech provider and omni-channel loan origination system (LOS), announced that due to its industry-pioneering technology innovations, successful launches and the resulting stellar lender outcomes, the company was named to the prestigious HousingWire 2020 Mortgage Tech 100 List.

OpenClose made the list because of their multiple advances in its single-source digital lending solution that consolidates robust front-end borrower/LO-facing digital mortgage POS technology with an omni-channel, fully browser-based, end-to-end LOS which also offers an embedded product and pricing engine (PPE) and BI/analytics capability. In addition, OpenClose developed a flexible RESTful API suite, IntegrationAssist(TM), that enables the company to more easily and cost effectively integrate with disparate systems.

The enhanced OpenClose platform cuts the cost to manufacture loans, eliminates multiple systems, delivers newfound efficiencies, optimizes origination and operations, streamlines workflows and enhances the consumer experience. More specifically, lenders benefited by OpenClose reducing the number of FTEs and external development costs lenders needed by up to 43 percent along with lowering the processing and underwriting cycle times from seven days to an astounding two hours.

"The winners of the 2020 HousingWire Tech100 Mortgage and Real Estate awards are truly the most impactful and innovative companies in housing. Not only do these companies empower their clients and users, they are supporting a more efficient, accessible and sustainable housing economy," said HousingWire CEO, Clayton Collins.

"At OpenClose, we're always innovating, enhancing our solution set and arriving at new ways to help our lender customers be as successful as possible," said JP Kelly, president of OpenClose. "Our entire organization is honored to have been selected as a HW 2020 Mortgage Tech100 award, which is a direct reflection our employees' hard work, passion and immense dedication to serving OpenClose customers."

HousingWire states that the goal of the Tech100 program is to provide housing professionals with a definitive list of the most innovative and impactful companies that can be leveraged to identify partners and solutions to the problems that mortgage lenders and real estate professionals face every day. In response to the expanding solutions landscape and HousingWire's diverse audience, this year the Tech100 program was divided into the HW Tech100 Mortgage and the HW Tech100 Real Estate.

"This year's Tech100 winners blew past innovation, moving beyond innovation to transformation," HousingWire Associate Magazine Editor Kelsey Ramírez said. "In both the real estate and mortgage sectors, fintech companies continue to create new ways to approach the housing process, improving efficiencies, cutting costs and creating a new experience for all parties involved."

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading enterprise-class, multi-channel loan origination system (LOS), POS digital mortgage and fintech provider that cost effectively delivers its digital platform on a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators. OpenClose's core solution, LenderAssist(TM), is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up.

The company offers a RESTful API suite that standardizes system-to-system integrations, making them easier to develop, quicker to implement and more cost effective. OpenClose provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence. For more information, visit https://www.openclose.com/ or call (561) 655-6418.

About HousingWire:

HousingWire is the most influential source of news and information for the U.S. mortgage and housing markets. Built on a foundation of independent and original journalism, HousingWire reaches over 60,000 newsletter subscribers daily and over 7.5 million unique visitors each year. Our audience of mortgage, real estate, financial services and fintech professionals rely on us to Move Markets Forward. Visit www.housingwire.com or www.solutions.housingwire.com to learn more.

Social Media: @OpenClose_LOS @HousingWire #OpenClose #HousingWireMortgageTech100 #LoanOriginationSoftware #MortgageFintechSoftware

Media Contact:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

OpenClose, the leading mortgage fintech provider and omni-channel loan origination system (LOS), announced that due to its industry-pioneering technology innovations, successful launches and the resulting stellar lender outcomes, the company was named to the prestigious HousingWire 2020 Mortgage Tech 100 List.

Related link: https://www.openclose.com/

OpenClose Partners with Genworth Mortgage Insurance to Offer a Streamlined Mortgage Insurance Process from within its LenderAssist LOS

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose®, the industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced it has partnered with Genworth Mortgage Insurance, an operating segment of Genworth Financial (NYSE: GNW), establishing a direct integration to access mortgage insurance (MI) from the LenderAssist™ LOS platform.

The new integration works by leveraging OpenClose's RESTful API Suite, IntegrationAssist™, which makes interfacing with disparate systems easier to develop, quicker to implement and cost effective to maintain. Genworth is a full-service MI provider known for exceptional coverage, service and value. The Fortune 500 company has provided secure mortgage products for nearly 40 years. Its offerings are available in all 50 states and the District of Columbia.

"Providing real-time access to mortgage insurance pricing and certification workflow from within OpenClose helps our customers further automate their lending workflow and reduce costs. Our integration partnership with Genworth allows our mutual customers to immediately tap into their quality MI products," said Vince Furey, chief revenue officer (CRO) at OpenClose. "We are the industry leader in customer service and ease-of-use and this integration highlights that reality."

OpenClose customers can expect a seamless user experience within the LenderAssist™ LOS that optimizes the mortgage insurance pricing and certification process, eliminates data re-entry and returns MI commitment data and documents to the LenderAssist™ LOS.

"We're excited to partner with OpenClose, one of the leading LOS vendors in the industry," said Kevin McMahon, senior vice president of Customer Solutions at Genworth Mortgage Insurance. "Making it easier and more efficient to order MI from start to finish makes the overall lending process smoother for homebuyers."

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose® is a leading enterprise-class, multi-channel loan origination system (LOS), POS digital mortgage and fintech provider that cost effectively delivers its digital platform on a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators. OpenClose's core solution, LenderAssist™, is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up. The company offers a RESTful API suite that standardizes system-to-system integrations, making them easier to develop, quicker to implement and more cost effective. OpenClose provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence. For more information, visit https://www.openclose.com/ or call (561) 655-6418.

About Genworth Mortgage Insurance:

Genworth Mortgage Insurance, an operating segment of Genworth Financial, Inc. (NYSE: GNW), is headquartered in Raleigh, North Carolina, and operates in all 50 states and the District of Columbia. Genworth Mortgage Insurance works with lenders and other partners to help people responsibly achieve and maintain the dream of homeownership by ensuring the broad availability of affordable low down payment mortgage loans. Genworth has been providing mortgage insurance products and services in the U.S. since 1981. Visit the company's website at new.mortgageinsurance.genworth.com.

MEDIA CONTACTS:
For OpenClose:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

For Genworth Mortgage Insurance:
Brittany Harris-Flowers
Genworth Mortgage Insurance
919-846-4417
brittany.harris-flowers@genworth.com

OpenClose Social Media: @OpenClose_LOS #OpenClose #LoanOriginationSoftware

Genworth Social Media: @GenworthMI #GenworthMI #MortgageInsurance

OpenClose®, the industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced it has partnered with Genworth Mortgage Insurance, an operating segment of Genworth Financial (NYSE: GNW), establishing a direct integration to access mortgage insurance (MI) from the LenderAssist™ LOS platform.

Related link: https://www.openclose.com/

OpenClose Recognized as a 2020 Top Mortgage Employer by National Mortgage Professional Magazine for the Fourth Year in a Row

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose®, an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced that it has again been chosen as a 'Top Mortgage Employer' for the fourth year in a row by selected by National Mortgage Professional (NMP) magazine.

NMP arrived at the 2020 winners after polling readers regarding their employers, which was based on the following criteria: corporate culture, compensation, day-to-day management, internal communications, organizational agility, employee training, company resources, marketing, business strategy, ingenuity, innovation, technology usage, overall reputation, and industry participation.

The magazine states that based on the above criteria, it weighted the reasons that were the most important to readers, collected nominations and votes, and factored in industry reputation to create the annual list of Top Mortgage Employers.

OpenClose was identified as a mortgage software fintech provider that hires the best and brightest in the industry with a focus on talent that has deep experience working at both mortgage lenders and mortgage technology vendors. This unique combination helps them better understand and serve customer needs, says the company.

"We are pleased to again earn a spot as a 2020 Top Mortgage Employer by NMP," said JP Kelly, president of OpenClose. "Our employees have rich backgrounds working in the mortgage industry and tend to be out-of-the-box, solution-oriented thinkers who go above and beyond to help customers be as successful as possible by leveraging our software. We're lucky to have assembled such a stellar team of passionate, driven, dedicated employees."

NMP is a well-respected, long-time industry source for extensive news coverage spanning mortgages, origination, compliance, secondary marketing, servicing, settlement, technology, trending, and more.

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose® is a leading enterprise-class, multi-channel loan origination system (LOS), POS digital mortgage and fintech provider that cost effectively delivers its digital platform on a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators. OpenClose's core solution, LenderAssist™, is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up.

The company offers a RESTful API suite that standardizes system-to-system integrations, making them easier to develop, quicker to implement and more cost effective. OpenClose provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence. For more information, visit https://www.openclose.com/ or call (561) 655-6418.

Media Contact:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

Social Media: @OpenClose_LOS #OpenClose #LoanOriginationSoftware #NationalMortgageProfessional

OpenClose®, an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced that it has again been chosen as a 'Top Mortgage Employer' for the fourth year in a row by selected by National Mortgage Professional (NMP) magazine.

Related link: https://www.openclose.com/

Mortgage Fintech Provider OpenClose Experiences Significant Growth and Continues Adding Award Winning Talent

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose®, the leading mortgage fintech provider and multi-channel loan origination system (LOS), with nearly 20 years of successful implementations, announced that their newly tapped VP of Sales Engineering, Chris Olsen, was honored by National Mortgage Professional (NMP) magazine as one of the '40 Most Influential Mortgage Professionals Under 40.' The publication cited Chris' efforts to drive technology adoption and innovation along with his consistent presences as a mortgage technology subject matter expert on panel sessions and roundtables as key reasons he was named to this prestigious, annual list.

Since joining OpenClose, Chris has been vital to introducing lenders to the OC Suite™ of innovative lending solutions including their ConsumerAssist™ Digital POS solution, which works seamlessly with its LenderAssist™ LOS and DecisionAssist™ product and pricing engine (PPE), IntegrationAssist™ RESTful API suite and OC Optics™, OpenClose's hugely popular business intelligence, analytics platform. With Chris' help, OpenClose's purely browser-based, end-to-end LOS with multi-channel automation capability has made additional strides in growing its customer footprint, automating lending processes and delivering significant ROI to OpenClose customers.

Chris brings to OpenClose a rich background in enterprise mortgage software from working at Ellie Mae as a Senior Technical Sales Engineer managing pre and post sales LOS engagements for core as well as add-on services. Chris also provides OpenClose with extensive team leadership skills which he honed as an AVP and lead Project Manager at JP Morgan Chase where he managed large projects and served as the primary vendor point of contact throughout new engagements. In addition, Chris has a unique understanding of the OpenClose fundamentals as he was also a Senior Software Developer and Partner at ClosersEdge, an independent software provider for the real estate title and settlement services industry.

"I am honored to be recognized by NMP magazine as one of the 40 Most Influential Mortgage Professionals Under 40," said Olsen. "I've had the pleasure of working with numerous different types of sophisticated mortgage software solutions. It is clear that OpenClose has taken pole position in the LOS space and is well-positioned to continue growing at a healthy rate. I am excited to advance my career in mortgage technology with OpenClose and help lending entities bring newfound efficiencies to their businesses."

The annual list is comprised of mortgage professionals who are under the age of 40, as voted by their peers, who are accomplished individuals that carry the torch of professionalism, perseverance, leadership, excellence, and more - in their respective fields within the fast-moving mortgage industry. As with each year, NMP received many nominations, ultimately arriving at 40 official winners and identifying another 40 to watch that are mortgage professionals shaping the industry.

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose® is a leading enterprise-class, multi-channel loan origination system (LOS), POS digital mortgage and fintech provider that cost effectively delivers its digital platform on a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators. OpenClose's core solution, LenderAssist™, is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up. The company offers a RESTful API suite that standardizes system-to-system integrations, making them easier to develop, quicker to implement and more cost effective. OpenClose provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence.

For more information, visit https://www.openclose.com/ or call (561) 655-6418.

Media Contact:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

Social Media: @OpenClose_LOS #MortgageLoanSoftware #Mortgage #NMPTop40Under40

OpenClose®, the leading mortgage fintech provider and multi-channel loan origination system (LOS), with nearly 20 years of successful implementations, announced that their newly tapped VP of Sales Engineering, Chris Olsen, was honored by National Mortgage Professional (NMP) magazine as one of the '40 Most Influential Mortgage Professionals Under 40.'

Related link: https://www.openclose.com/

PROGRESS in Lending Association Honors OpenClose CEO/CTO Jason Regalbuto with 2019 Lending Luminary Award

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose®, an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced that Jason Regalbuto, the company's long-time CEO/CTO, was selected as a 2019 'Lending Luminary' by PROGRESS in Lending Association for his concerted work in leading the mortgage industry and his company to major success over the past 12 months.

PROGRESS in Lending defines a luminary as "a person who inspires or influences others." The association says that the mortgage market is currently filled with uncertainty and will remain in flux for some time to come, and a true Lending Luminary effectively handles and navigates constantly changing market conditions.

The Lending Luminaries list is comprised of business and technology leaders ranging from multiple areas in the industry including mortgage bankers, a wide array of lending entities, servicers, technology executives, consultants and more. They have been identified as leaders who are ensuring the future success for their companies and the industry as a whole.

Specifically, Regalbuto was cited by PROGRESS in Lending for helping spearhead a technology undertaking that offers OpenClose's own POS digital mortgage technology, consolidating it with their enterprise consumer direct solution, ConsumerAssist™. The offering enables OpenClose to provide a robust digital mortgage solution starting at the POS with key functions like 1003 capture, VOE, VOI, VOA, and tax returns - with instant validation from first party data sources. Credit is then pulled and the loan seamlessly and swiftly moves to underwriting for automated decisioning within OpenClose's fully browser-based LenderAssist™ LOS.

Furthermore, the offering provides real-time interaction with the borrower throughout the loan fulfillment process. Regalbuto was instrumental in this major technology and business breakthrough to penetrate the digital space, which has disrupted the existing modularized POS technology models.

"I am pleased to be honored by PROGRESS in Lending Association to receive its inaugural Lending Luminary award," said Regalbuto. "We have made great strides developing OpenClose into one of the mortgage industry's leading LOS platforms. To date, we are the only technology vendor proven to offer a comprehensive, purely browser-based LOS with multi-channel capability, along with both front-end digital POS and back-office LOS functionality via a single provider that is successful taking lender customers live. Our competitors are merely copying our marketplace positioning, messaging and value proposition. Imitation is the sincerest form of flattery, as they say. It's a very exciting time to be a part of OpenClose's wildly successful and rapid growth."

Serving as both CEO and CTO for OpenClose, Regalbuto helps shape the company's vision and marketplace positioning, strategic design of its core technology platform, development and enhancements of additional software modules, as well as the on-going development of new products, integrations, and innovative technology initiatives.

Moving forward, Regalbuto says he plans on focusing on incorporating the latest technologies into the existing OpenClose technology stack in order to satisfy multiple types of lender, borrower, and marketplace needs. Sophisticated technologies such as Business Intelligence (BI), Robotic Process Automation (RPA), Artificial Intelligence (AI), Auto-tasking, Mobile App integrations, and more are all on his radar.

About OpenClose:
Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose® is a leading enterprise-class, multi-channel loan origination system (LOS), POS digital mortgage and fintech provider that cost effectively delivers its digital platform on a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators. OpenClose's core solution, LenderAssist™, is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up. The company offers a RESTful API suite that standardizes system-to-system integrations, making them easier to develop, quicker to implement and more cost effective. OpenClose provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence. For more information, visit https://www.openclose.com/ or call (561) 655-6418.

Media Contact:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

OpenClose, an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced that Jason Regalbuto, the company's long-time CEO/CTO, was selected as a 2019 'Lending Luminary' by PROGRESS in Lending Association for his concerted work in leading the mortgage industry and his company to major success over the past 12 months.

Related link: https://www.openclose.com/

OpenClose CRO Vince Furey Wins 2019 HousingWire Vanguard Award

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose®, an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced that its chief revenue officer (CRO), Vince Furey, has been selected by HousingWire as one of its 2019 Vanguard Award winners. This marks the fifth year that HousingWire has recognized executives in the housing finance industry for their outstanding leadership in the space.

"Our Vanguard Award is reserved for the true trailblazers in the housing industry, the visionaries that are leading the charge into the future. This year's winners are the embodiment of that vision. In each corner of the housing industry, they are forging the path, setting the pace, and guiding housing into the next generation. And we couldn't be prouder to honor them as Vanguards," said HousingWire Managing Editor Ben Lane.

Furey was instrumental in helping boost OpenClose's year-over-year revenue by more than 100 percent. Further, he played a key role in spearheading the OpenClose business strategy to offer its own digital POS solution, incorporating it with the company's LenderAssist(TM) LOS platform and borrower direct portal, ConsumerAssist(TM). As a result, OpenClose is able to offer a comprehensive digital mortgage solution that is more efficient and cost effective than disparate offerings available on the market.

In addition, Furey helped develop a strategy to implement a RESTful API suite branded IntegrationAssist(TM), which provides seamless interaction with the OpenClose digital ecosystem. Ultimately, Furey's efforts helped OpenClose's LOS platform, POS system and PPE receive some of the highest Overall Satisfaction and Lender Loyalty Scores in the STRATMOR Group's last two Technology Insight Study reports.

"I am honored to be recognized by HousingWire and extend congratulations to my fellow Vanguard Award winners," stated Furey. "I am grateful for our amazing, innovative OpenClose team who make providing our lender partners modern technology exciting every single day."

HousingWire's 2019 Vanguards have led their respective companies to spectacular success, as evidenced by expanding products, services, and profits. These 50 winners were carefully selected by HousingWire's editorial board, chosen for their vital contributions to their companies and the dynamic way they are changing the industry. The majority of winners are leading from the C-suite, and many are also founders or co-founders of their businesses. Others are making invaluable contributions in business development, strategy, risk management and more.

"HousingWire's Vanguards represent the most inspirational leaders, builders, and shapers of the housing industry," HousingWire Associate Editor Kelsey Ramírez said. "It is one of the most distinguished awards in housing, and personifies the executives that are raising the bar for this industry and taking it to new heights."

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose® is a leading enterprise-class, multi-channel loan origination system (LOS), POS digital mortgage and fintech provider that cost effectively delivers its digital platform on a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators. OpenClose's core solution, LenderAssist(TM), is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up. The company offers a RESTful API suite that standardizes system-to-system integrations, making them easier to develop, quicker to implement and more cost effective. OpenClose provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence. For more information, visit https://www.openclose.com/ or call (561) 655-6418.

About HousingWire

HousingWire is the most influential source of news and information for the U.S. mortgage and housing markets. Built on a foundation of independent and original journalism, HousingWire reaches over 40,000 newsletter subscribers daily and over 4 million unique visitors each year. Our audience of mortgage, real estate, financial services and fintech professionals rely on us to Move Markets Forward. Visit www.HousingWire.com or www.solutions.housingwire.com to learn more.

Media Contact:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

Social Media: @OpenCloseCocial #HW2019VanguardAward #VinceFurey #FinTechLeader

OpenClose, an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced that its chief revenue officer (CRO), Vince Furey, has been selected by HousingWire as one of its 2019 Vanguard Award winners.

Related link: https://www.openclose.com/

Industry Veteran Chris Olsen Joins OpenClose as Vice President of Sales Engineering

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced that it added technology veteran Chris Olsen to help further expand its sales department. Chris holds the newly created position of vice president of sales engineering and will provide software support for OpenClose sales executives catering to mortgage bankers, credit unions, community banks and other real estate entities. He holds a through-and-through background in mortgage technology with a deep understanding of individualized lender needs.

"Chris brings a unique blend of enterprise-level solution-based experience, sales engineering methods supporting large lenders, development knowledge, project execution and management expertise from start-ups to Fortune 500 Companies," stated Vince Furey, chief revenue officer at OpenClose. "He will serve as a valuable resource for our organization as our rapid growth continues."

Chris comes to OpenClose from Ellie Mae, where he was a senior technical sales engineer managing enterprise LOS pre and post sales engagements for their core as well as add-on services. At Ellie Mae, he led multiple cross-organization training initiatives for new product introductions and positioning, provided consultative custom development insight and assisted with the successful onboarding of new lender customers.

Prior to joining Ellie Mae, Chris was a project manager and AVP at JP Morgan Chase, interfacing with senior management to prioritize projects, determine business requirements, and serve as the primary vendor point of contact throughout new projects. He also hired, built and spearheaded a team of developers and technical analysts to drive enterprise-wide implementation of high-profile business workflows.

Previous to that, he was a senior software developer and partner at ClosersEdge, an independent software provider for the real estate title and settlement services industry. While there, he assembled and led a team of developers to build and consume high-quality, commercial web-based services and multi-tier online applications including REST and SOAP protocols. ClosersEdge was successfully acquired by TSS Software Corporation, a nationwide company with approximately 18,000 users.

"I look forward to working with lenders and taking OpenClose's pre and post sales engineering to the next level," said Olsen. "The completely browser-based comprehensive mortgage software suite that OpenClose has developed and continues to expand on is in high demand by a variety of different lending entities of all types and sizes. OpenClose is an innovative and nimble software firm that has major advantages over the competition. I will enjoy showcasing their immense strengths, disruptive software model and far-reaching lender benefits."

At OpenClose, Chris will play a key role in further advancing the company's digital mortgage point-of-sale (POS) solution, ConsumerAssist(TM) Digital POS, which operates seamlessly with OpenClose's LenderAssist(TM) LOS, DecisionAssist(TM) product and pricing engine (PPE), and IntegrationAssist(TM) RESTful API ecosystem. The single-source solution is one of the first of its kind in the mortgage industry, increasing demand among lending entities of all types looking to streamline their POS and LOS experience and workflow.

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading enterprise-class, multi-channel loan origination system (LOS), POS digital mortgage and fintech provider that cost effectively delivers its digital platform on a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators. OpenClose's core solution, LenderAssist(TM), is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up.

The company offers a RESTful API suite that standardizes system-to-system integrations, making them easier to develop, quicker to implement and more cost effective. OpenClose provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence. For more information, visit https://www.openclose.com/ or call (561) 655-6418.

Social Media: @OpenCloseSocial #MultiChannelLOS #POSDigitalMortgage #DigitalMortgageEcosystem #LoanOriginationSoftware

Media Contact:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

*PHOTO link for media: https://www.Send2Press.com/300dpi/19-1023s2p-chris-olsen-openclose-300dpi.jpg

OpenClose, an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced that it added technology veteran Chris Olsen to help further expand its sales department. Chris holds the newly created position of vice president of sales engineering.

Related link: https://www.openclose.com/

National Mortgage Professional Magazine Honors OpenClose CRO Vince Furey with 2019 Most Connected Mortgage Professionals Award

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced its chief revenue officer (CRO), Vince Furey, has been awarded National Mortgage Professional (NMP) magazine's Most Connected Mortgage Professionals' distinction for 2019.

NMP states that people named to the annual list are successful, well-connected, highly regarded, powerful networkers and influencers who are completely dedicated to the mortgage industry. They are recognized by their peers as subject matter experts in their respective areas and consistently serve as trusted sources of guidance, information and leadership.

Vince has been with OpenClose for more than eight years where he serves as CRO, driving the company's strategy for business development, sales, marketing and alliance partnerships. He has more than 25 years of senior-level mortgage banking experience and extensive multi-channel background in national sales, lending technology, operations, credit, secondary marketing, trade management and mortgage compliance.

Vince was the founder of Ovation7, LLC, a national consulting and business services firm that provided C-level outsourced solutions to the banking and financial services industries with a specialization in CIO/CTO level technology consulting, portfolio asset management, loan delivery and strategic planning. Prior to that, he held senior leadership positions in the retail, wholesale and correspondent sales and operations at Mellon Bank, Bank One, and Pinnacle Financial Corp.

NMP recognized Vince's ongoing efforts to enhance OpenClose's sales and marketing strategy by leveraging his vast network of long-time relationships within the mortgage industry to create awareness behind the growing demand for its browser-based, multi-channel LOS, digital mortgage POS offering and ancillary digital solutions.

"It's an honor to be recognized by NMP magazine as one of 2019's Most Connected Mortgage Professionals," commented Furey. "We have worked diligently at OpenClose to deliver innovative solutions with unparalleled customer support. The technologies we have launched have helped many lender partners expand their businesses and reduce costs. Utilizing social media as a marketing medium, we have accelerated positive awareness for OpenClose and our unique solution set."

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading enterprise-class, multi-channel loan origination system (LOS), POS digital mortgage and fintech provider that cost effectively delivers its digital platform on a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators. OpenClose's core solution, LenderAssist(tm), is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up.

The company offers a RESTful API suite that standardizes system-to-system integrations, making them easier to develop, quicker to implement and more cost effective. OpenClose provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence.

For more information, visit https://www.openclose.com/ or call (561) 655-6418.

Media Contact:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced its chief revenue officer (CRO), Vince Furey, has been awarded National Mortgage Professional (NMP) magazine's Most Connected Mortgage Professionals' distinction for 2019.

Related link: https://www.openclose.com/

OpenClose Bolsters Commitment to Software Innovation and Enhancement of Digital Mortgage Technology, Adds Experienced Technologist as VP of Innovation

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced that Allen Pollack, a seasoned industry veteran that has been instrumental in the digital shift and transformation of the industry, has joined the company in the newly created position of vice president of product innovation. Allen will assist OpenClose in continuing to expand the level of innovation invested in its customers and the industry to deliver business-altering products and processes, which align to the ever-changing digital lending landscape.

"JP and I are delighted that Allen has joined the OpenClose team," said Jason Regalbuto, CEO and CTO at OpenClose. "We have competed and collaborated with Allen over the years. He has developed a reputation for innovative business and technology strategies in the fintech space. We are excited about working with him to grow and expand our product offerings and solutions into the future."

Allen has more than 15 years of industry experience developing and leading strategic initiatives and comes to OpenClose from Fiserv where he was responsible for multiple fintech initiatives focused on delivering omni-channel capability and personalized lending experiences, ranging from conversational AI to digital mortgage lending capabilities across online and mobile banking channels.

Allen was a co-founder of NYLX, serving as chief technology officer where he introduced new technology models that disrupted the mortgage lending space. He later continued as chief technology officer of LoanLogics, a new RegTech company created by NYLX that continued to introduce new technology and disrupt the old way of doing business further creating solutions to support loan quality, due diligence, and multi-channel loan delivery models.

"OpenClose has been a long-time innovator in our space, making multiple contributions to help grow the mortgage industry and continually developing products that empower lenders to help borrowers achieve the American dream," stated Pollack. "The company is well-positioned and strategically aligned to establish itself as one of the industry's leading disruptors that significantly advances the lending process. I am excited to play a key role in the focus that speaks customer experience and the commitment to innovation supporting lending and the industry's ongoing transformation."

OpenClose recently rolled out the its digital mortgage point-of-sale (POS) solution, ConsumerAssist(TM) Digital POS, which offers an integrated solution that marries its end-to-end multi-channel LOS, product and pricing engine (PPE), and state-of-the-art POS technology. The single-source solution dramatically reduces the cost to manufacture loans, heightens the borrower experience, and simplifies managing the entire lending process.

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading enterprise-class, multi-channel loan origination system (LOS), POS digital mortgage and fintech provider that cost effectively delivers its digital platform on a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators. OpenClose's core solution, LenderAssist(TM), is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up. The company offers a RESTful API suite that standardizes system-to-system integrations, making them easier to develop, quicker to implement and more cost effective. OpenClose provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence. For more information, visit https://www.openclose.com/ or call (561) 655-6418.

Media Contact:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

Twitter: @OpenCloseSocial #AllenPollack #DigitalMortgage #FinTech #LoanOriginationSoftware

OpenClose, an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced that Allen Pollack, a seasoned industry veteran that has been instrumental in the digital shift and transformation of the industry, has joined the company in the newly created position of vice president of product innovation.

Related link: https://www.openclose.com/

OpenClose and Vice Capital Markets Integrate for Enhanced Hedging Automation

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced the completion of an integration with Vice Capital Markets Inc., an established mortgage hedge advisory firm. Focused on maximizing hedging efficiencies, the new interface reduces the time to prepare and deliver loan data and eliminates the manual intervention that occurs today, automating an ongoing seamless delivery of data. In addition, loan sale data is directly boarded back to OpenClose, automating the final loan reconciliation and expected versus actual variance analysis.

The integration takes loan-level lock data from OpenClose's LenderAssist(TM) LOS and securely transmits it directly to Vice Capital's hedging platform. This eliminates multiple manual steps and potential "break-points" in the overall process thus saving time, reducing errors, and increasing visibility that results in optimized position management.

"Our customer success is dependent on speed and accuracy, especially as it relates to effective hedging and trade management strategies," said Vince Furey, CRO at OpenClose. OpenClose is pleased to partner with Vice Capital in order to help our mutual customers maximize profitability and minimize risk in the secondary market. Using this integration, our customers are able to operate more efficiently in a fast-moving, tech-driven lending landscape."

"The less work our customers have to do, the better it is for all parties involved," says Chris Bennett, principal at Vice Capital Markets Inc. "When lenders perform a physical allocation of their loans, all of that data is now pulled straight from OpenClose's LOS, which accompanies a number of efficiencies that make the entire process quicker, easier and more accurate."

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading enterprise-class, multi-channel loan origination system (LOS), POS digital mortgage and fintech provider that cost effectively delivers its digital platform on a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators. OpenClose's core solution, LenderAssist(TM), is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up. The company offers a RESTful API suite that standardizes system-to-system integrations, making them easier to develop, quicker to implement and more cost effective. OpenClose provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence. For more information, visit https://www.openclose.com/ or call (561) 655-6418.

About Vice Capital Markets:

Entering its 20th year in business, Vice Capital Markets offers complete hedge advisory, reporting, and trading services to banks and mortgage companies throughout the country. Trading over $70 billion annually, Vice Capital's proprietary risk-management models and complex investor and agency best execution platform have consistently yielded safe and effective profit maximization for its clients. Learn more at https://www.vicecapitalmarkets.com/ or call (248) 869-8100.

Media Contact:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

Twitter: @openclosesocial #OpenClose #ViceCapitalMarkets #SecondaryMarketingAutomation #WesternSecondary

OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced the completion of an integration with Vice Capital Markets Inc., an established mortgage hedge advisory firm. Focused on maximizing hedging efficiencies, the new interface reduces the time to prepare and deliver loan data and eliminates the manual intervention that occurs today, automating an ongoing seamless delivery of data.

Related link: https://www.openclose.com/

OpenClose Bolsters Sales Team with Addition of Mortgage Software Veteran Tom Buenz

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced that Tom Buenz has joined the company in the position of vice president, enterprise sales. In this role, Mr. Buenz will help satisfy an increasing demand for OpenClose's LOS, digital mortgage point-of-sale (POS) solution and ancillary software products.

Mr. Buenz is a results-generating sales professional who has more than 20 years of experience executing sales, managing accounts and accelerating new business development. He has a proven history of exceeding goals and stimulating revenue growth.

Mr. Buenz comes to OpenClose from Ellie Mae where he was a strategic account executive selling to a wide range of lending entities. Before that, he was a senior sales executive at Finastra (formerly D+H Mortgagebot) where he was very successful in helping expand his territory with LOS and POS technology. In addition, Mr. Buenz has software sales experience in the credit union space and other areas of financial services technology.

"We are pleased to welcome Tom to the OpenClose sales team. His extensive knowledge of mortgage technology and in particular LOS and POS software makes him an excellent fit to present the unique value proposition behind our digital mortgage software solutions," said Vince Furey, CRO at OpenClose. "Given our leader position in the marketplace and the innovative, high-demand solutions we provide, there has never been a more exciting time to be at OpenClose."

OpenClose is rolling out a new digital POS that dramatically broadens its reach and ability to penetrate the digital mortgage ecosystem. Coupled with its end-to-end, multi-channel LOS that is completely browser-based, the company is in a powerful position to provide lenders with a single-source solution and vendor for their POS and LOS needs. The company has also been accelerating integrations with disparate systems using its cost effective RESTful API Suite, IntegrationAssist(TM).

Notable is that OpenClose's LOS platform, POS system, PPE and customer service levels received exceptionally high scores in the STRATMOR Group's latest 'Technology Insight Study.'

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading enterprise-class, multi-channel loan origination system (LOS), POS digital mortgage and fintech provider that cost effectively delivers its digital platform on a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators. OpenClose's core solution, LenderAssist(TM), is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up. The company offers a RESTful API suite that standardizes system-to-system integrations, making them easier to develop, quicker to implement and more cost effective. OpenClose provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence.

For more information, visit https://www.openclose.com/ or call (561) 655-6418.

OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced that Tom Buenz has joined the company in the position of vice president, enterprise sales. In this role, Mr. Buenz will help satisfy an increasing demand for OpenClose's LOS, digital mortgage point-of-sale (POS) solution and ancillary software products.

Related link: https://www.openclose.com/

OpenClose Extends its Digital Mortgage Ecosystem with New POS Offering – ConsumerAssist Digital POS

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced that it is has scheduled a May release for the official rollout of its much anticipated digital mortgage point-of-sale (POS) solution, ConsumerAssist(tm) Digital POS. This new integrated solution is a unique offering that combines a proven and mature 100 percent browser-based end-to-end LOS and PPE with new state-of-the-art dynamic digital mortgage POS technology.

As a single source vendor for digital POS, LOS, PPE and Business Intelligence, OpenClose is able to slash the loan manufacturing cost and complexity by eliminating the need to cobble together disparate systems with different SLAs, contracts and pricing models.

The self-service POS capabilities that ConsumerAssist Digital POS provides are state-of-the-art and feature rich. Lenders can now automate and organize numerous tasks that would normally be performed in the back-office via the LOS, and push them closer to borrowers earlier in the origination process. As a result, workflow efficiencies increase, the lending process is sped up, costs are reduced and new business is captured at a higher rate and lower cost.

"We feel that lenders leveraging the efficiencies of a single consolidated platform will be able to most effectively sustain and increase profitability in an environment with more competition for fewer loans and tighter margins," says JP Kelly, president of OpenClose.

Jason Regalbuto, CEO / CTO of OpenClose, adds: "Borrowers today and in the future are expecting streamlined experiences with extreme ease of use and automation like Amazon and Uber offer. Mortgage origination and lending involve very complex processes. We think with ConsumerAssist Digital POS, we have significantly reimagined these processes and workflows for the future and the expectations that borrowers have. We've effectively closed the loop between POS and LOS."

Key feature & benefits of OpenClose's new digital POS and LOS platform:

* Consumer-facing website can be customized to reflect the lender's own branding
* Elegant, intuitive screens and wizards swiftly walks borrowers through the entire application process
* Instant Verification of Employment (VOE)
* Instant Verification of Income (VOI)
* Instant Verification of Assets (VOA)
* Instant Verification of Tax Returns
* Automated loan conditioning
* Secure document capture and tracking
* Real-time messaging between borrower, loan officer and other relevant parties
* Activities calendar monitors when tasks are due and auto-sends email reminders and/or text notifications
* Affinity portal connects realtor, builder and settlement partners to the manufacturing process
* Ability to access the system on any mobile device or tablet.

OpenClose is incorporating into ConsumerAssist Digital POS their DecisionAssist(tm) product and pricing engine, automated underwriting capability, fee calculation engine and more.

OpenClose also offers ConsumerAssist(tm) Web which helps establish a consumer direct lending channel by developing websites that engage borrowers with tools to perform much of the application and loan qualification process themselves without involving a salesperson. ConsumerAssist Web can be combined with ConsumerAssist Digital POS, together dubbed ConsumerAssist(tm) Enterprise, to offer comprehensive self-service technology that manages the bulk of the origination process for lenders.

OpenClose recently announced the availability of a robust RESTful API Suite that the company developed to enable quick system-to-system integrations, seamless data exchange and execution of transactions. In addition to making integrations easier to complete, it further lowers lender costs, which is a key focus of OpenClose as their customers operate in a margin compressed business climate.

The company will be exhibiting in booth 800 at the MBA's Technology Solutions Conference & Expo 2019 from March 24 - 27 in Dallas at the Hyatt Regency. To learn more, visit the booth or contact the company to arrange a meeting time: sales@openclose.com.

About OpenClose:
Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading enterprise-class, multi-channel loan origination system (LOS), POS digital mortgage and fintech provider that cost effectively delivers its digital platform on a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators. OpenClose's core solution, LenderAssist(tm), is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up.

The company offers a RESTful API suite that standardizes system-to-system integrations, making them easier to develop, quicker to implement and more cost effective. OpenClose provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence. For more information, visit https://www.openclose.com/ or call (561) 655-6418.

OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced that it is has scheduled a May release for the official rollout of its much anticipated digital mortgage point-of-sale (POS) solution, ConsumerAssist(TM) Digital POS.

Related link: https://www.openclose.com/

OpenClose LOS Platform, POS System and PPE Receives the Highest Overall Satisfaction and Lender Loyalty Score in STRATMOR’s New ‘Technology Insight Study’

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced that STRATMOR Group's most recent Technology Insight Survey ranked the company's LOS platform, point-of-sale (POS) system, and product and pricing engine (PPE) as having the highest Overall Satisfaction and Lender Loyalty Score(TM) out of any vendor surveyed in the mortgage industry.

This year, STRATMOR conducted a more extensive survey than in previous years, evaluating vendors in core areas of residential lending automation. OpenClose's entire mortgage software solution suite was lauded by customers, scoring highly in all categories.

"Our core focus is innovation and support and our customers' happiness reflects the level of ingenuity and strong impact our development efforts have had," said Vince Furey, CRO at OpenClose. "I am particularly pleased to receive validation of our very hands-on, boutique-style customer support culture. Scoring second-to-none with 100% effective ratings in both help desk and overall customer support is a terrific accomplishment for our support team. We're elated that our solution scored so well and appreciate the hard work that STRATMOR Group invested to make the Technology Insight Study happen."

OpenClose had the highest Overall Satisfaction rating out of all LOS vendors surveyed in the mortgage industry, scoring 9.7 out of 10, had a perfect 100 Lender Loyalty Score(TM), and it is the only LOS provider that had zero outages reported. In the POS category, OpenClose scored higher than any vendor for Overall Satisfaction at 9.4 out of 10 and had the best Lender Loyalty Score(TM) with 86 out of 100.

The new STRATMOR Technology Insight Study also included a section that covered front-end digital mortgage solutions. STRATMOR's analysis of the Lender Loyalty Score(TM) for these systems shows OpenClose as the number one vendor in Overall Satisfaction. Key observations in the survey found that the most important lender perceived benefits were faster cycle times, increased borrower satisfaction and greater task and workflow automation.

Lastly, OpenClose's DecisionAssist(TM) product and pricing engine scored the highest in Overall Satisfaction and also touted a perfect 100 for its Lender Loyalty Score(TM).

"JP Kelly and I started OpenClose to innovate mortgage banking solutions, solve pain points and generally make the process faster, better, and cheaper," said Jason Regalbuto, the company's CEO and CTO. "With the dedication of an outstanding team of professionals with extensive mortgage experience and wonderful customers, we have achieved our goal. Seeing the customer satisfaction results in the STRATMOR report is a tremendous validation of 20 years of hard work. There's no stopping us now."

OpenClose recently broke new ground with the launch of the mortgage industry's only solution provided by a single vendor that offers a comprehensive Digital Mortgage POS solution consolidated with an end-to-end, multi-channel LOS that is completely browser-based. The unique solution removes multiple vendors, contracts and pricing models to dramatically reduce loan-manufacturing costs while also providing a more streamlined workflow. It takes the borrower experience to new heights and provides newfound back-office efficiencies.

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading enterprise-class, multi-channel loan origination system (LOS), POS digital mortgage and fintech provider that cost effectively delivers its digital platform on a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators. OpenClose's core solution, LenderAssist(TM), is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up. The company offers a RESTful API suite that standardizes system-to-system integrations, making them easier to develop, quicker to implement and more cost effective. OpenClose provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence. For more information, visit https://www.openclose.com/ or call (561) 655-6418.

About STRATMOR Group:

Founded in 1985, STRATMOR Group has, since inception, focused exclusively on making the mortgage business better for lenders and the borrowers they serve. Today, we are a data-driven advisory that guides our lenders and vendor clients alike to make smart strategic decisions, solve complex challenges, streamline operations, improve profitability and accelerate growth. For more information, visit https://www.stratmorgroup.com/.

OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced that STRATMOR Group's most recent Technology Insight Survey ranked the company's LOS platform, point-of-sale (POS) system, and product and pricing engine (PPE) as having the highest Overall Satisfaction and Lender Loyalty Score(TM) out of any vendor surveyed in the mortgage industry.

Related link: https://www.openclose.com/

OpenClose Integrates its LOS with Continuity Programs’ Mortgage CRM

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced it has completed an integration with Continuity Programs, Inc.'s cloud-based MyCRMDashboard.com customer relationship management (CRM) software. This new interface provides OpenClose's LenderAssist(tm) LOS customers the ability to seamlessly interact with Continuity Programs' platform.

"We constantly look for opportunities to help our customers do business faster, smarter and cheaper including arming loan officers with cutting-edge tools to close more deals," said Vince Furey, CRO at OpenClose. "We are pleased to offer our customers Continuity Programs' robust and modern CRM solution to help mortgage origination teams achieve greater sales success."

Continuity Programs' MyCRMDashboard.com is a turnkey solution that centralizes contacts in an organized, easily-accessible fashion. It gives loan officers powerful tools to generate, track and convert high quality borrower leads while keeping in touch with prospects, customers and referral partners, effortlessly. The CRM is feature rich, automating often mundane and time-consuming daily tasks while delivering the analytics and reporting that enables lenders to assess performance with KPIs, monitor customer satisfaction, improve the borrower experience and increase customer retention.

OpenClose's LenderAssist LOS is an enterprise-class platform that offers a suite of modules to automate complex areas of the entire mortgage manufacturing process. The company recently added a comprehensive digital POS solution, closing the loop between POS and LOS and creating the mortgage industry's only consolidated digital POS and LOS platform delivered by a single vendor that is truly browser-based and has multi-channel automation capability. The complete solution is helping OpenClose customers slash the cost to manufacture loans.

"Integrating with MyCRMDashboard.com empowers loan officers with many easy-to-use tools to make them as successful as possible amid tough marketplace conditions," stated Kirk King, president of Continuity Programs, Inc. "Integrating our mortgage CRM software with OpenClose's LOS makes it easier for lenders to seamlessly extend this functionality to their loan officers via LenderAssist."

Continuity Programs leveraged OpenClose's RESTful API to rapidly develop and deploy the integration between MyCRMDashboard.com and LenderAssist. The RESTful API suite offers simplicity, reliability, better communication, seamless data exchange and performance optimization. Lender implementations of MyCRMDashboard.com are quick and non-disruptive, with Continuity Programs doing the heavy lifting for customers and providing all training.

Both OpenClose and Continuity Programs offer completely web-based software-as-a-service (SaaS) solutions that are mobile-ready, providing users with fingertip access while in the field or office.

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading enterprise-class, multi-channel loan origination system (LOS), POS digital mortgage and fintech provider that cost effectively delivers its digital platform on a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators. OpenClose's core solution, LenderAssist(tm), is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up. The company offers a RESTful API suite that standardizes system-to-system integrations, making them easier to develop, quicker to implement and more cost effective. OpenClose provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence. For more information, visit https://www.openclose.com/ or call (561) 655-6418.

About Continuity Programs:

Continuity Programs, Inc. serves mortgage lenders, banks and credit unions with easy-to-use customer relationship management (CRM) software called MyCRMDashboard. The compliant SaaS software suite includes automated marketing and reputation management. Since 1973, Continuity Programs' campaigns have consistently proven to drive referrals and repeat business, generate exclusive leads, and increase client retention for loan officers across the US. For more information, visit continuityprograms.com or call (800) 521-0026.

OpenClose, an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced it has completed an integration with Continuity Programs, Inc.'s cloud-based MyCRMDashboard.com customer relationship management (CRM) software.

Related link: https://www.openclose.com/

National Mortgage Professional Magazine Designates OpenClose a Top Mortgage Employer for the Third Consecutive Year

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced that it was selected as a 2019 Top Mortgage Employer by National Mortgage Professional (NMP) magazine for the third straight year.

"We are elated to have been chosen again by National Mortgage Professional magazine as one of the country's leading companies to work for and we thank them for the recognition," said JP Kelly, president of OpenClose. "Words cannot express how appreciative OpenClose's management team is for the immense dedication and passion that our employees bring to the table every day."

NMP arrives at the annual winners by polling its readers about their employers based on the following criteria: corporate culture; compensation; day-to-day management; internal communications; marketing; training; resources; long-term strategy; ingenuity; speed; technology; reputation; and industry participation.

The magazine is one of the mortgage industry's leading go-to sources for extensive news coverage for mortgage lending, compliance, secondary marketing, servicing, settlement, technology and more.

Kelly adds, "OpenClose has launched multiple technology innovations over the last year and has grown significantly, in part, due to these new solutions. We have added new team members in every area of the enterprise to drive innovation and execute our mission to provide the very best service and lower the mortgage manufacturing cost for our customers. We have been fortunate to attract top-tier industry talent and winning this award is a reflection of our tremendous team and culture."

About OpenClose:
Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading enterprise-class, multi-channel loan origination system (LOS), POS digital mortgage and fintech provider that cost effectively delivers its digital platform on a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators. OpenClose's core solution, LenderAssist(TM), is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up. The company offers a RESTful API suite that standardizes system-to-system integrations, making them easier to develop, quicker to implement and more cost effective. OpenClose provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence. For more information, visit https://www.openclose.com/ or call (561) 655-6418.

About NMP:
National Mortgage Professional Magazine (NMP) has become "The Source for Top Originators" - that connects the mortgage professional community under various media formats. Our exceptional team of industry-seasoned monthly contributors combined with our knowledgeable editorial staff, all with meaningful expertise in their respectful disciplines, provide the most up-to-date news, insight and advice for today's mortgage professional. We are committed to ensuring that today's industry is equipped with the most comprehensive understanding of mortgage news available through our many resources, including, but not limited to, articles in the print edition of National Mortgage Professional Magazine and 38 state-specific e-editions, the NMP Daily and NMP Ticker email newsletters, the exclusive daily news stories and postings on our website https://nationalmortgageprofessional.com, and our regular series.

The publication also owns and operates the Mortgage News Network (MNN), a video news source that provides mortgage firms with a resource for news and information as well as a platform for telling their story and sharing their views directly, and in person. https://mortgagenewsnetwork.com/.

OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced that it was selected as a 2019 Top Mortgage Employer by National Mortgage Professional (NMP) magazine for the third straight year.

Related link: https://www.openclose.com/

OpenClose Launches RESTful API Suite, Expanding Connectivity to Third Party Applications and Services

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced the release of a RESTful API suite designed to offer its customers an easier, more cost effective and secure standardized solution to enable rich and deep direct interactions with their system of record from third party and home grown systems. The extensibility, scalability and security of the API suite ultimately reduces the cost to originate loans and establishes rich connectivity options to drive communications, processes and workflows.

"One of OpenClose's core goals is to create more efficient methods for our customers to conduct business, respond to changing market conditions and reduce the total cost to originate, close and sell loans," stated JP Kelly, president of OpenClose. "As our customers' business models evolve, new needs and requirements emerge that require flexibility and nimbleness to respond to changing marketplace conditions. Our RESTful API suite gives lenders the option to work with more third party service providers.

Additionally, OpenClose customers can connect their own homegrown solutions or work with other software providers to custom tailor the perfect solution for their needs."

OpenClose's RESTful API suite has been developed with a standardized methodology to enable implementation of direct integrations, seamless data exchange and execution of transactions. It creates simplicity, reliability, extensibility and better performance in totality. In addition, less maintenance is required and thus costs are lowered.

The API suite makes it quicker, simpler and more cost effective to integrate with disparate technologies, some of which are third party applications that are antiquated and previously required arduous and labor intensive development efforts.

OpenClose reports that its customers are already reaping the benefits of the RESTful API suite, successfully unifying their business-to-business data exchange and communications.

The company will be holding discussions at the Mortgage Bankers Annual Convention & Expo in its booth #700 from Oct. 14 - 16 at the Walter E. Washington Convention Center in Washington, D.C. Contact the company to meet at the conference: sales@openclose.com.

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading enterprise-class, multi-channel loan origination system (LOS) and fintech provider that cost effectively delivers its digital platform on a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators.

OpenClose's core solution, LenderAssist(tm), is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up. The company offers a RESTful API suite that standardizes system-to-system integrations, making them easier to develop, quicker to implement and more cost effective.

OpenClose provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence.

For more information, visit https://www.openclose.com/ or call (561) 655-6418.

OpenClose, an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced the release of a RESTful API suite designed to offer its customers an easier, more cost effective and secure standardized solution to enable rich and deep direct interactions with their system of record from third party and home grown systems.

Related link: https://www.openclose.com/

Experienced Mortgage Technologist Mark Michel Joins Growing Team at OpenClose

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced that it hired Mark Michel, an industry veteran in enterprise-level mortgage technology systems. Mark has an extensive track record of successful execution during his tenure at lending entities as well as mortgage technology providers. At OpenClose, he will serve as a software integration analyst where he will focus on the company's LenderAssist(TM) LOS, RESTful API suite, as well as other digital mortgage solutions.

Mark brings to OpenClose more than 15 years of experience as a subject matter expert in mortgage fintech. Before OpenClose, he was a senior product manager at Altisource where he was responsible for a next-generation LOS as well as a new POS portal, while also acting as a subject matter expert on all LOS integrations. Prior to that, Mark was a senior business consultant and project manager at Fiserv Lending Solutions for more than fifteen years.

In addition, he has held senior business analyst and project manager roles at banks, mega lenders and an investment firm focusing on outsourced technology solutions for mortgage originators, secondary market conduits and investors. This unique combination of lender and vendor experience arms him with highly sought after mortgage experience and is an extraordinary addition to the OpenClose Integration team.

"We are pleased to welcome Mark to the OpenClose family and know that he will have an immediate impact," said Jason Regalbuto, CEO/CTO of OpenClose. "Mark has a very rich, through-and-through background in the mortgage industry, working for both lenders and mortgage software firms. He's exactly the type of professional we like to hire to advance our enterprise. "

As a result of an increasing demand for OpenClose's multi-channel LOS and other digital mortgage solutions, OpenClose has made a number of new hires in nearly all functional areas during 2018 in order to effectively support new and existing customers.

About OpenClose:
Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading enterprise-class, multi-channel loan origination system (LOS) and fintech provider that cost effectively delivers its digital platform on a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators.

OpenClose's core solution, LenderAssist(TM), is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up, thus avoiding the problems that often accompany assembling best-of-breed applications or acquiring disparate technologies in an effort to create an end-to-end platform. The company provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence.

For more information, visit https://www.openclose.com/ or call (561) 655-6418.

OpenClose, an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced that it hired Mark Michel, an industry veteran in enterprise-level mortgage technology systems.

Related link: https://www.openclose.com/

OpenClose Launches DecisionAssist Mobile for Originators

SAN FRANCISCO, Calif. /ScoopCloud/ -- OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced at the California Mortgage Bankers Association (CMBA) 46th Annual Western Secondary Marketing Conference that it unveiled DecisionAssist(TM) Mobile, which provides fingertip access to the company's proprietary web-based product and pricing engine (PPE).

Using DecisionAssist Mobile, originators are able to quickly and efficiently compare eligible products and pricing and deliver the results directly to their borrowers from anywhere at any time via any mobile device. Retail originators, wholesale brokers and correspondent sellers can instantly quote multiple loan products for a specific loan scenario on-the-fly and immediately email the borrower comparative details. An email summary of the quoted prices is simultaneously returned to the originator to follow up with the borrower. The result is faster service, convenience, greater transparency, reduced cycle times and increased pull-through rates.

"As an industry leader in the digital mortgage space, one of the key things we focused on when developing DecisionAssist Mobile was speed and ease of use for the originator," said Gordon Frigaard, director of PPE technologies at OpenClose. "A common complaint we hear is that many mobile apps are difficult to work with and require too many data points to input. DecisionAssist Mobile, however, makes it quick and simple for salespeople to deliver borrowers detailed product and pricing answers while on the go."

OpenClose's DecisionAssist PPE is leveraged by direct lenders, investors and portfolio lenders. Of significance is that OpenClose is able to easily implement and maintain custom non-QM programs within DecisionAssist, instantly decision them, and provide immediate insight on salability of loans under agency or non-agency guidelines. The product can be used via OpenClose's LenderAssist(TM) LOS or as a standalone web-based solution. It also integrates seamlessly with DU(R) and LP(R) for full automated underwriting capability on agency products.

OpenClose employs a team of mortgage specialists who maintain an extensive library of up-to-date investor guidelines and pricing on a daily basis to ensure accurate decisioning results are returned. Custom non-agency programs are also fully configured and completely maintained by OpenClose for lending entities. In addition, custom rate creation can be automated for timely distribution to branches, originators, brokers and sellers.

OpenClose will be holding discussions regarding DecisionAssist Mobile, its LenderAssist multi-channel LOS, as well as the company's ancillary digital mortgage solutions on July 16 - 18 at the CMBA's 46th Annual Western Secondary Marketing Conference in San Francisco, California.

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading enterprise-class, multi-channel loan origination system (LOS) and fintech provider that cost effectively delivers its platform on a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators.

OpenClose's core solution, LenderAssist(TM), is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up, thus avoiding the problems that often accompany assembling best-of-breed applications or acquiring disparate technologies in an effort to create an end-to-end platform. The company provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence.

For more information, visit https://www.openclose.com/ or call (561) 655-6418.

OpenClose, an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced at the California Mortgage Bankers Association (CMBA) 46th Annual Western Secondary Marketing Conference that it unveiled DecisionAssist(TM) Mobile, which provides fingertip access to the company's proprietary web-based product and pricing engine (PPE)

Related link: https://www.openclose.com/

OpenClose Recruits LOS Development Expert Joseph Wade to Further Innovate and Enhance Existing Software Solutions

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced that it has added senior software LOS and mortgage software development expert Joseph Wade to its growing development team. Joseph was previously at Finastra (formerly D+H) and will play an integral role in software innovation and enhancements at OpenClose.

"OpenClose is constantly advancing and adding new functionality to our suite of mortgage software solutions and Joseph's extensive experience in the LOS space coupled with his rich development background will quickly add value," stated Jason Regalbuto, CEO and CTO at OpenClose. "We are excited about what Joseph brings to the table and how he can assist with our long-term software development strategy."

Joseph comes to OpenClose from Finastra, where he was key in the development efforts for its New Products Lending Team, rolling out a number of innovative solutions. He was also the manager of the MortgagebotLOS(TM) Development Team. In that role, he was responsible for rapidly expanding the MortgagebotLOS platform, maintaining quality assurance, and he spearheaded the launch of multiple major releases of the system. After the D+H acquisition, he was vital in helping with the knowledge transfer and overall technology transition.

Joseph has been responsible for the successful rewrite of a point-of-sale system, migration to a multi-tenant architecture, transition to a single database structure, implementation of complex business rule logic and overall platform performance optimization. He has proven track record in successfully development new solutions, focusing on modern cloud-based architecture, leveraging robust APIs and utilizing highly scalable coding practices.

Joseph holds a B.S. in Computer Science and an M.S. in Software Engineering from West Virginia University. His development prowess helped win a Best Innovation award for his team in 2017, which was selected for management evaluation out of over 200 projects worldwide.

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading enterprise-class, multi-channel loan origination system (LOS) and fintech provider that cost effectively delivers its platform on a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators.

OpenClose's core solution, LenderAssist(TM), is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up, thus avoiding the problems that often accompany assembling best-of-breed applications or acquiring disparate technologies in an effort to create an end-to-end platform. The company provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence.

For more information, visit https://www.openclose.com/ or call (561) 655-6418.

OpenClose, an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced that it has added senior software LOS and mortgage software development expert Joseph Wade to its growing development team. Joseph was previously at Finastra (formerly D+H) and will play an integral role in software innovation and enhancements at OpenClose.

Related link: https://www.openclose.com/

Ascend Federal Credit Union Automates its Residential Mortgage Lending Business with OpenClose’s LenderAssist LOS and DecisionAssist PPE

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced that Ascend Federal Credit Union (Ascend) is leveraging its LenderAssist(TM) LOS platform and DecisionAssist(TM) product and pricing engine (PPE). OpenClose's completely browser-based solution has delivered additional efficiencies and heightened service levels for the credit union's growing mortgage lending division.

Ascend engaged with OpenClose to provide the credit union with a robust LOS that will simplify its mortgage processes, ensure compliance, improve efficiencies, maximize productivity and reduce costs -- without the time and expense of implementing and maintaining a legacy system. LenderAssist was configured to support Ascend's specific business processes and automate the lending workflow from start to finish. The entire platform was implemented in less 60 days.

"Since implementing OpenClose, we have enhanced our overall mortgage lending process and ability to provide faster, better service to members looking for a home loan," said Don Gilliam, vice president of mortgage lending at Ascend. "The team at OpenClose is outstanding to work with and always provides very responsive, personalized customer support to our mortgage staff."

LenderAssist is cost effectively delivered on a software-as-a-service (SaaS) basis. OpenClose maintains the entire system for Ascend, thus avoiding the need to add internal staff and dramatically reducing total cost of ownership. DecisionAssist provides instant, accurate loan pricing and eligibility for Ascend's mortgage staff. OpenClose's team of mortgage specialists manage all guidelines and pricing on a daily basis for Ascend. In addition, as Ascend grows, LenderAssist is designed to flex and scale with the business, preventing expansion challenges.

"Attaining a home loan can be an intimidating, complex experience for many consumers, but Ascend's focus on service and use of technology makes it very easy for members to do business with them," says JP Kelly, president of OpenClose. "LenderAssist and DecisionAssist have contributed to Ascend's already high service levels by helping add simplicity, transparency and excellence in service to members."

LenderAssist creates a seamless workflow process that eliminates manual touch points, freeing Ascend employees up to devote more time to member service. Throughout the origination process, OpenClose checks for QM/ATR, Reg B, Reg Z, fee tolerance, state and federal rules and regulations, and TRID compliance. Robust reporting tools documents everything done during the lending process for auditing and compliance purposes.

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading enterprise-class, multi-channel loan origination system (LOS) and fintech provider that cost effectively delivers its platform on

a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators. OpenClose's core solution, LenderAssist(TM), is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up, thus avoiding the problems that often accompany assembling best-of-breed applications or acquiring disparate technologies in an effort to create an end-to-end platform. The company provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence. For more information, visit https://www.openclose.com/ or call (561) 655-6418.

OpenClose Twitter: @openclosesocial #mortgagetechnology #fintech #loanoriginationsoftware #creditunionsoftware

About Ascend Federal Credit Union:

With more than $2 billion in assets, more than 170,000 members and more than 500 employees, Ascend is the largest credit union in Middle Tennessee and one of the largest federally chartered credit unions in the United States. The National Association of Federal Credit Unions (NAFCU) selected Ascend as the 2015 Federal Credit Union of the Year. Ascend is federally insured by the NCUA. https://www.ascendfcu.org/

OpenClose, an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced that Ascend Federal Credit Union (Ascend) is leveraging its LenderAssist(TM) LOS platform and DecisionAssist(TM) product and pricing engine (PPE). OpenClose's completely browser-based solution has delivered additional efficiencies and heightened service levels for the credit union's growing mortgage lending division.

Related link: https://www.openclose.com/

Mortgage Technology Industry Veteran Tom Rice Joins OpenClose as Vice President Enterprise Account Executive

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced that long-time industry veteran Tom Rice has joined its growing sales team. Mr. Rice has experience with multiple LOS platforms as well as other enterprise-class mortgage technology solutions. He will be responsible for covering the West Coast territory.

In his role as vice president enterprise account executive, Mr. Rice will work with lending entities of various types and sizes to utilize OpenClose's end-to-end LOS and additional software solutions. This includes the OpenClose LenderAssist(TM) LOS, DecisionAssist(TM) PPE, ConsumerAssist(TM) borrower direct websites, OC Correspondent(TM) lending module, OC Optics(TM) data and analytics reporting solution, mobile technology and also new innovative, disruptive products that OpenClose will be launching in 2018.

"Tom has an outstanding reputation for developing and maintaining rapport-based, long-term business relationships with all types mortgage professionals from different functional areas at lending entities," said Vince Furey, senior vice president of lending solutions at OpenClose. "He is an experienced sales executive who is solution-oriented and accustomed to operating in fast-paced, dynamic software environments. He fits well with our corporate culture and we are pleased to welcome him to the OpenClose family."

Mr. Rice has experience working with an array of different mortgage software applications. He has held senior sales positions at LOS vendor PCLender; PPE and secondary marketing software vendor Optimal Blue; enterprise risk management and data analytics provider Veros; Bank of America; and other mortgage software providers.

"I've worked with many different types of mortgage banking applications over the course of my career and OpenClose is the most comprehensive, advanced, completely web-based end-to-end LOS platforms that I've seen," remarked Rice. "In addition, I have heard a common theme from lenders lauding OpenClose's boutique-style, highly responsive approach to customer service, which is tough to find in today's consolidated market where most of the big guys fall short in this area. I am excited about the immense opportunity to help lenders operate more efficiently by leveraging OpenClose's software solutions."

Mr. Rice holds a B.S. in Accounting from San Diego State University and an M.B.A. in International Management from the University of Denver. He is an active member of the Mortgage Bankers Association.

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading enterprise-class, multi-channel loan origination system (LOS) and fintech provider that cost effectively delivers its platform on a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators. OpenClose's core solution, LenderAssist(TM), is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up, thus avoiding the problems that often accompany assembling best-of-breed applications or acquiring disparate technologies in an effort to create an end-to-end platform. The company provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence.

For more information, visit https://www.openclose.com/ or call (561) 655-6418.

OpenClose, an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced that long-time industry veteran Tom Rice has joined its growing sales team. Mr. Rice has experience with multiple LOS platforms as well as other enterprise-class mortgage technology solutions. He will be responsible for covering the West Coast territory.

Related link: https://www.openclose.com/

National Mortgage Professional Magazine Names OpenClose a 2018 Top Mortgage Employer for the Second Year in a Row

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced that was it was again honored as a Top Mortgage Employer by National Mortgage Professional magazine (NMP) for 2018. OpenClose was one of only ten companies to be included in the Services Providers category.

NMP arrived at the winners by polling its readers about their employers based on the following criteria: corporate culture; compensation; day-to-day management; internal communications; marketing; training; resources; long-term strategy; ingenuity; speed; technology; reputation; and industry participation.

"To make National Mortgage Professional magazine's Top Mortgage Employers list back-to-back years is an honor that our entire company is proud of," said JP Kelly, president of OpenClose. "Providing innovative software, successful implementations and highly responsive customer support is the cornerstone of our business and industry reputation, and is the direct result of our extremely dedicated employees."

OpenClose is known to hire employees that have rich backgrounds in the mortgage industry and possess both mortgage technology and also mortgage lending experience working for vendors as well as lenders. OpenClose's multi-channel LenderAssist(TM) LOS platform and robust OC Correspondent(TM) module has fueled record company growth the past few years, which resulted in the addition of new employees in nearly all functional areas within the company. OpenClose is headquartered in West Palm Beach, Florida and also has an office in Gig Harbor, Washington.

NMP magazine is one of the mortgage industry's leading go-to sources for extensive news coverage for mortgages, origination, compliance, secondary marketing, servicing, settlement, technology, trending, and more.

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading enterprise-class, multi-channel loan origination system (LOS) and fintech provider that cost effectively delivers its platform on a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators. OpenClose's core solution, LenderAssist(TM), is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up, thus avoiding the problems that often accompany assembling best-of-breed applications or acquiring disparate technologies in an effort to create an end-to-end platform.

The company provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence.

For more information, visit https://www.openclose.com/ or call (561) 655-6418.

OpenClose, an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced that was it was again honored as a Top Mortgage Employer by National Mortgage Professional magazine (NMP) for 2018. OpenClose was one of only ten companies to be included in the Services Providers category.

Related link: https://www.openclose.com/

OpenClose Bolsters Software Integration and Support Teams

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced that it has added staff to its integration and customer support departments. The new hires will help enhance OpenClose's existing software products, facilitate digital mortgage processes, produce fintech-level innovation and provide excellence in customer support. The company also recently added three senior software engineers to its development team.

Julie Hoefs comes to OpenClose as a previous user of its LenderAssist(TM) LOS and integrated best-of-breed mortgage fintech, compliance, analytics and reporting solutions. She has experience managing all aspects of mortgage loan processing, mortgage servicing and loan purchase activity. In addition, Hoefs has overseen loan operations at Two Rivers Bank and was the assistant manager for lending operations at Fremont National Bank & Trust Co. At OpenClose, Hoefs will work on the support team where she will focus on new best-of-breed software partner interfaces and enhancements.

Kenneth Kerfoot was added to the OpenClose integration team, who previously was the LOS manager at University Bank. Prior to this, he was the implementation coordinator at Mortgage Builder/Altisource. At the company, he also held the positions of lead support trainer and account specialist. Over the course of his career, Kenneth Kerfoot has worked for LOS vendor Dynatek and lenders such as United Wholesale Mortgage (UWM), Washtenaw Mortgage, Sigma Financial Corporation, 1st Rate Mortgage and Interfirst Mortgage.

"As we continue to grow and advance our mortgage software solution suite, hiring subject matter experts with extensive experience working for both mortgage technology vendors and lenders is key to ongoing innovation," stated Jason Regalbuto, CEO and CTO at OpenClose. "We always strive to deliver robust mortgage software solutions and hands-on customer support, and these new resources help us maintain OpenClose's track record for success."

About OpenClose:
Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading enterprise-class, multi-channel loan origination system (LOS) and fintech provider that cost effectively delivers its platform on a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators.

OpenClose's core solution, LenderAssist(TM), is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up, thus avoiding the problems that often accompany assembling best-of-breed applications or acquiring disparate technologies in an effort to create an end-to-end platform. The company provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence.

For more information, visit https://www.openclose.com/ or call (561) 655-6418.

OpenClose, an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced that it has added staff to its integration and customer support departments. The new hires will help enhance OpenClose's existing software products, facilitate digital mortgage processes, produce fintech-level innovation and provide excellence in customer support. The company also recently added three senior software engineers to its development team.

Related link: https://www.openclose.com/

OpenClose Adds AFR’s Flood Services to its LOS via Seamless Interface

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose(R), a multi-channel loan origination system (LOS) and mortgage software solutions provider, announced that it partnered with AFR Services (AFR) to enable customers to access the company's complete suite of flood services. Using the interface makes it quick and easy to order AFR's various flood services directly from within OpenClose's LenderAssist(TM) LOS.

AFR is a nationwide full-service risk management company serving mortgage lenders, insurance agencies as well as consumers. The company has expertise in hazard and flood insurance solutions - tracking and notification systems, lender placed insurance, commercial flood insurance, residential flood insurance, and flood zone determination services. AFR is also a Lloyd's cover holder for private flood insurance.

By way of this seamless integration, all data needed to obtain flood certificates is auto populated from AFR into LenderAssist. This eliminates the need to leave the application, place orders on AFR's website and then re-key information back into the loan file. As a result, time is saved, errors are reduced, accuracy is enhanced and the overall ordering process becomes more efficient.

"AFR has a strong reputation for accuracy and personal service so we are pleased that our partnership will make the process of ordering their flood services simple and easy for our customers," commented JP Kelly, president of OpenClose. "Our interface with them keeps the details, documentation and flood certificate completely within LenderAssist, centralizing moving parts and ensuring compliance."

LenderAssist is an end-to-end LOS that is completely web-based and automates all business channels and workflows from a single lending automation platform. System implementations are configured to flex with lenders' unique business process, which is managed by OpenClose along with post implementation maintenance and ongoing customer support.

About OpenClose:
Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading enterprise-class, multi-channel loan origination system (LOS) mortgage software solutions provider that cost effectively delivers its platform on a software-as-a-service (SaaS) basis. The company provides a variety of 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators. OpenClose's core solution, LenderAssist(TM), is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up, thus avoiding the problems that often accompany assembling best-of-breed applications or acquiring disparate technologies in an effort to create an end-to-end platform. The company provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence. For more information, visit https://www.openclose.com/ or call (561) 655-6418.

About AFR Services:
AFR Services, headquartered in Plano, Texas, is a risk management company utilizing leading edge technology and dedicated personnel to deliver services to financial institutions, insurance agencies, and individual consumers nationwide. Since 1992, the mission of AFR has been one of commitment - a commitment to provide innovative and cost effective solutions for our valuable clients. Regardless of the need, AFR's team of dedicated professionals utilize their vast experience, coupled with cutting edge technology, to develop targeted solutions that enhance efficiency and increase productivity. Satisfaction and success of our clients builds the pathway to the future and AFR is committed to continue leading in the development and provision of risk management tools and solutions for its clients. For more information, visit https://www.afrservices.com/.

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

OpenClose, a multi-channel loan origination system (LOS) and mortgage software solutions provider, announced that it partnered with AFR Services to enable customers to access the company's complete suite of flood services. Using the interface makes it quick and easy to order AFR's various flood services directly from within OpenClose's LenderAssist LOS.

Related link: https://www.openclose.com/

OpenClose Adds New Hires to its Software Development Team

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose(R), a multi-channel loan origination system (LOS) and mortgage software solutions provider, announced that it hired four senior developers to arm the company with additional resources to architect new products and enhance existing solutions.

Gary Meink was recruited from D+H and Mortgagebot where he spent more than eleven years working to help build out and enhance various components of the LOS and point-of-sale solutions. He has extensive industry experience working at a number of different mortgage technology firms that are integrated with the OpenClose platform.

Beau D'Amore joins OpenClose, previously working as a .NET engineer at RADIAL (formerly eBay Enterprises), a provider of omni-channel eCommerce technology and operations solutions. D'Amore holds broad experience working with leading-edge, highly contemporary technology both as a software developer and architect.

Jamal Waring also joins OpenClose, previously serving as a senior application developer at several multi-faceted organizations. Waring has a wide range of experience working with different programming languages, software engineering tools, mobile technologies and product development. In particular, he has been the lead architect and developer on numerous projects for custom built back-office systems, front-end applications, web portals, complex workflows, process automation, data analytics, reporting and more.

In addition, Christopher Price was added to the OpenClose development team, providing vast experience as a highly skilled software engineer with an emphasis in security and enterprise development. He is well-versed in SaaS and Cloud architecture and development as well as responsive front-end design. Christopher has worked on many large-scale projects involving tightening security levels and vulnerability prevention, taking the lead role in project planning and software development.

"We are pleased to welcome Gary, Beau, Jamal and Christopher to our development team and expect them to have an immediate impact on advancing our mortgage software solutions," stated Jason Regalbuto, CEO and CTO at OpenClose. "OpenClose is committed to constantly innovating, adding new features/functionality to products and expanding our overall solution suite. The addition of top-tier development talent gives us the bandwidth to continue to enhance existing products and develop new solutions, delivering increased value to our customer base."

Earlier this year OpenClose reported an unprecedented 30 percent growth rate from 2015 to 2016 and is currently on track to have another impressive year in 2017. The primary growth driver is an increasing demand for its 100 percent web-based, multi-channel LenderAssist(TM) LOS from lenders that are dissatisfied with their existing platform and poor customer support.

All four new hires will work on the LenderAssist LOS as well as other modular mortgage software solutions offered by OpenClose to mortgage bankers, credit unions, banks, conduit aggregators and other lending entities. As it continues with expansion efforts, OpenClose is also hiring integration specialists, technical support staff, enterprise sales associates and a business development executive.

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading enterprise-class, multi-channel loan origination system (LOS) mortgage software solutions provider that cost effectively delivers its platform on a software-as-a-service (SaaS) basis. The company provides a variety of 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators. OpenClose's core solution, LenderAssist(TM), is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up, thus avoiding the problems that often accompany assembling best-of-breed applications or acquiring disparate technologies in an effort to create an end-to-end platform.

The company provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence. For more information, visit https://www.openclose.com/ or call (561) 655-6418.

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

OpenClose, a multi-channel loan origination system (LOS) and mortgage software solutions provider, announced that it hired four senior developers to arm the company with additional resources to architect new products and enhance existing solutions.

Related link: https://www.openclose.com/

Credit Unions Successfully Leveraging OpenClose LenderAssist™ LOS

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose(R), a multi-channel loan origination system (LOS) and mortgage software solutions provider, announced that multiple credit unions are now using OpenClose's LenderAssist(TM) LOS platform to automate the mortgage side of their businesses.

The company will be attending the American Credit Union Mortgage Association's (ACUMA) annual fall conference being held at the Bellagio Hotel and Resort in Las Vegas on Sept. 24 - 27, 2017, which this year has a focus on new technology and digital mortgages.

OpenClose has been helping credit unions optimize the member/borrower experience, simplify their mortgage processes, improve efficiencies, maximize productivity, reduce costs and ensure compliance. Its end-to-end web and SaaS-based LOS can be configured to credit unions' unique way of doing business.

Credit union implementations are swift, easy and are custom-configured by the OpenClose team. The onus of the implementation is performed by OpenClose along with comprehensive training and support. Maintenance of the LOS is completely handled by OpenClose, requiring no extra resources from credit unions.

"OpenClose treats customers as long-term partners, responding to enhancements and new functionality requests while always providing excellence in support and training," said JP Kelly, president of OpenClose. "Our customers aren't just numbers at OpenClose, as with so many other LOS vendors. This directly ties into the way credit unions service their members."

The LenderAssist LOS creates a seamless workflow process that removes manual touch points, freeing employees up to devote more time to member service. Throughout the mortgage lending process, OpenClose checks for QM/ATR compliance, TRID compliance, Reg B, Reg Z, fee tolerance, and state and federal rules and regulations. Further, robust reporting and analytics document everything that transpires during the lending process for auditing and compliance purposes.

To better service credit unions' unique needs, OpenClose recently joined the American Credit Union Mortgage Association (ACUMA), which provides resources and education to credit unions aimed at streamlining performance, processes and procedures for real estate lending services. ACUMA's goal is to encourage credit unions to help more consumers get fairly priced and safe mortgage loans delivered locally, and in so doing, providing them with a pathway to the American dream of home ownership.

OpenClose will be attending ACUMA's annual fall conference being held at the Bellagio Hotel and Resort in Las Vegas, September 24-27, 2017. The conference brings together the nation's top mortgage-lending credit unions and the industry's leading experts for three days of learning and networking. This year's event is built around the theme of "Driving into the Digital Age." It features a focus on new technology and disruptors to the traditional pipeline. For more information, visit http://annual.acuma.org/.

About OpenClose:
Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading enterprise-class, multi-channel loan origination system (LOS) mortgage software solutions provider that cost effectively delivers its platform on a software-as-a-service (SaaS) basis. The company provides a variety of 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators. OpenClose's core solution, LenderAssist(TM), is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up, thus avoiding the problems that often accompany assembling best-of-breed applications or acquiring disparate technologies in an effort to create an end-to-end platform. The company provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence. For more information, visit http://www.openclose.com/ or call (561) 655-6418.

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

OpenClose, a multi-channel loan origination system (LOS) and mortgage software solutions provider, announced that multiple credit unions are now using OpenClose's LenderAssist(TM) LOS platform to automate the mortgage side of their businesses.

Related link: https://www.openclose.com/