Author Archives: OpenClose

OpenClose Integrates with Timios to Automate the Calculation of Title Settlement Fees

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose, a multi-channel loan origination system (LOS) and mortgage software solutions provider, announced that it integrated with Timios, Inc., a national provider of title and settlement services to banks, financial institutions and mortgage lenders. The integration allows users to efficiently draw all title and settlement fees directly from within OpenClose's LenderAssist(TM) LOS, eliminating data entry, saving time and ensuring fees are fully accurate and TRID compliant.

Timios leads the title and settlement industry in pricing accuracy, successfully bringing the first RESPA compliant, free, instant guaranteed GFE calculator to market, and again delivering TRID compliance guaranteed pricing ahead of the industry. The company guarantees that all title settlement fees with Timios are disclosed accurately in the Loan Estimate (LE) for TRID compliance from the day of origination through the transmittal of the final disclosure to the consumer. OpenClose users can now leverage Timios' proprietary pricing engine, instantly and seamlessly populating all relevant information within its LOS.

"Timios is a natural fit with OpenClose, as our comprehensive solutions work very well together, providing transparency via their centralized fulfillment model to simplify the calculation of settlement fees," says Vince Furey, SVP of lending solutions at OpenClose. "Further, both of our customer support models are very hands-on and responsive, which is a significant attraction to our mutual customers."

Trevor Stoffer, CEO of Timios added, "Timios is proud to partner with OpenClose to deliver the best pricing solution to lending partners throughout the country. Like OpenClose, Timios has built a reputation as an industry leader for innovation, and OpenClose is a natural partner in driving transparency and simplification into real estate transactions. OpenClose users will never face another loss from mistakes because Timios' pricing data is instant, accurate, and guaranteed."

Timios, Inc. is a California-based corporation and the country's fastest growing title and settlement services company. Since its founding in 2008, Timios has serviced more than $30 billion in escrow closings and expanded into new markets throughout the country. In addition to fee calculations, Timios also offers a wide variety of title insurance products, escrow and settlement services, realtor and REO purchase, appraisal and valuation products and services.

OpenClose developed the mortgage industry's leading multi-channel, 100 percent web-based LOS that is

leveraged by small, medium and large mortgage bankers, banks, credit unions, conduit aggregators, and other lending entities. The enterprise-level solution completely automates all business channels and lending workflows. It is highly configurable, flexible, and scalable with swift, cost effective implementations.

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.

About Timios:
Timios, Inc. is a national title, escrow and settlement services company providing technology-driven solutions to its lending partners since 2008. Timios (the Greek word for "Honest") was created to empower its employees, clients, and customers to achieve their goals by making real estate transactions as efficient, transparent, and simple as possible. In January 2010, Timios released the only no charge, comprehensive, guaranteed Closing Cost Calculator. Timios further enhanced its closing cost calculator in October of 2015 to incorporate new requirements for TRID. Leveraging this technology along with a proprietary service model,

Timios has created a first class, integrated solution; improving the experience for all parties in a real estate transaction. Today, Timios, Inc. is licensed in 42 states and DC for title insurance and settlement services. Timios is based in Westlake Village, California with additional offices in Texas, Northern California, and Pennsylvania. Contact sales@timios.com today to learn more about how Timios can help enhance the service experience for you and your clients. For more information on Timios, visit https://www.timios.com/.

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

*LOGO for media: Send2Press.com/300dpi/17-0906s2p-openclose-300dpi.jpg

OpenClose, a multi-channel loan origination system (LOS) and mortgage software solutions provider, announced that it integrated with Timios, Inc., a national provider of title and settlement services to banks, financial institutions and mortgage lenders. The integration allows users to efficiently draw all title and settlement fees directly from within OpenClose's LenderAssist(TM) LOS, eliminating data entry, saving time and ensuring fees are fully accurate and TRID compliant.

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

National Mortgage Professional Magazine Names OpenClose President JP Kelly to Annual ‘Top 50 Most Connected Mortgage Professionals’ List

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose, a multi-channel loan origination system (LOS) and mortgage software solutions provider, announced that its president, JP Kelly, has been awarded the 'Top 50 Most Connected Mortgage Professionals' distinction for 2017 by National Mortgage Professional (NMP) magazine.

The magazine states that individuals who earn a spot on the list are very successful, well-connected, recognized, powerful networkers and influencers in the mortgage industry. They are esteemed by their peers as subject matter experts in their respective areas of focus who consistently serve as trusted sources of guidance, data and leadership.

JP is a long-time veteran of the mortgage industry who possesses a diverse background, owning both a full-service mortgage bank and an enterprise-class mortgage technology software firm. He is a renowned executive that is lauded by industry participants as a constant innovator of contemporary, completely web-based technology which helps lending entities operate efficiently and effectively.

Under JP's leadership, OpenClose's footprint has expanded in the mortgage industry with consistent revenue growth for the last several years, realizing an impressive 30 percent growth rate from 2015 to 2016.

OpenClose offers one of the mortgage industry's only 100 percent web-based LOS platforms that has robust multi-channel automation capability. The company's solutions include its LenderAssist(TM) LOS, DecisionAssist(TM) product and pricing engine (PPE), turnkey OC Correspondent(TM) module, ConsumerAssist(TM) borrower-direct websites, OC Optics(TM) analytics and reporting software, and mobile technology.

The company's mortgage software is utilized by medium to large-size mortgage bankers, banks, credit unions and conduit aggregators.

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 has been completely engineered in-house 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 its president, JP Kelly, has been awarded the 'Top 50 Most Connected Mortgage Professionals' distinction for 2017 by National Mortgage Professional (NMP) magazine.

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

OpenClose Launches Corporate Website to Reflect New Positioning of its Enterprise-class, Multi-channel LOS and Mortgage Software Solutions

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose, a multi-channel loan origination system (LOS) and mortgage software solutions provider, announced it unveiled a new corporate website to better position the company's expanded enterprise-class solution set, customer profile focus and long-term value proposition.

"We've grown exponentially over the past five years, and as such, had a need to ensure that the positioning of OpenClose as a company and its products are in line with our corporate mission, business strategy, customer commitment and ongoing technology innovation efforts," explains JP Kelly, president of OpenClose. "This new website is designed to clearly convey our comprehensive solution offering and our ability to cater to top 20 lenders that have multiple business channels and complex operations."

OpenClose offers one of the mortgage industry's only 100 percent browser-based LOS platforms that has robust multi-channel automation capability. The company's LenderAssist(TM) LOS and other solutions were all engineered from the ground up using the same code base, and it has been owned and operated by the same principles since the company was founded in 1999. Unlike many LOS vendors, LenderAssist's comprehensive end-to-end functionality was not created by way of multiple acquisitions, which typically rope together disparate technologies that can be prone to issues; or, via integrations with many third party vendors that are done in order to make up for system deficiencies.

Vince Furey, SVP of lending solutions at OpenClose, stated: "We have been boarding top-tier, very large lending entities that are successfully leveraging our LOS as a centralized platform to automate all business channels and workflows. Our new positioning showcases the immense power that OpenClose's enterprise-class mortgage software solutions offer and how they are very flexible, scalable and well-supported by our staff. While we have the proven scalability to support the largest national lenders, OpenClose is really the ideal solution and long-term technology partner for any size lending organization."

Key aspects of OpenClose's value proposition include: quick implementations; custom-configurable with easy set up; seamless workflow-driven automation with no manual intervention; fully web-based with no installs whatsoever; fully SaaS and Cloud-based technology; proven scalability; single code; hands-on implementations and system training; and second to none, boutique-style customer support.

OpenClose solutions include its LenderAssist(TM) LOS, DecisionAssist(TM) product and pricing engine (PPE), turnkey OC Correspondent(TM) conduit module, ConsumerAssist(TM) borrower-direct websites, OC Optics(TM) analytics and reporting software, and mobile technology.

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, its LenderAssist(TM) LOS, is comprehensive platform 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 creating 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 it unveiled a new corporate website to better position the company's expanded enterprise-class solution set, customer profile focus and long-term value proposition.

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

QuestSoft and OpenClose to Hold Webinar on the New CFPB HMDA Rules

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose, a multi-channel loan origination system (LOS) provider, and QuestSoft, a provider of automated mortgage compliance software, announced that they will host a joint webinar covering the new CFPB HMDA regulations, how they will impact organizations, and outline specific plans to make compliance with the new HMDA rules the most efficient and time-saving process in the mortgage industry.

The webinar will be held on June 21, 2017 from 1 p.m. - 2:15 p.m. EDT.

Entitled "The New CFPB HMDA Rules -- What You Need to Know," this webinar will provide insight on not just what the new rules are, but what organizations will need to prepare for well in advance of the January 2018 implementation deadline. The companies say that while the deadline may seem a long way off, there are business-critical functions that should considered now or run the risk of being caught off-guard.

Key topics that will be covered in the webinar:
* The inside day to day nuances behind the new regulations.
* Above and beyond: practical, actionable information will be provided to attendees, not a legal review as is typical with most HMDA webinars.
* New loan types required with HMDA and how OpenClose and QuestSoft are answering the call.
* Recommendations for improving data integrity across the enterprise.
* A timeline of the changes and companies need to prepare for in advance.
* The new public face of HMDA: implications for Fair Lending and the future of mortgage lending.

OpenClose and QuestSoft will also touch on key updates being made their specific products that will help companies effectively test, train and prepare for, including release dates and 2018 CFPB HMDA data that can already be tested now.

Speakers:
Kathy Olsen, director of LOS support services at OpenClose:
Kathy leads customer support and training at OpenClose for its multi-channel LOS, LenderAssist(TM), as well as its integrated products. She joined OpenClose in 2010 and has over thirty years of experience in the mortgage banking and technology fields.

Leonard Ryan, president of QuestSoft Corporation:
Leonard has been associated with the mortgage industry for over 30 years, and is the founder of QuestSoft. He is a member of both MBA HMDA and NMLS Mortgage Call Report working groups, and is nationally recognized as a HMDA expert.

Downloadable materials that will be made available after the webinar:
* Presentation Slides [PDF] -- available on the day of the webinar
* Webinar Recording [streaming] -- available 2-3 days after the webinar
* Q&A [PDF] -- available on the day of the webinar.

The webinar is offered as complimentary to the mortgage industry but availability is limited. To sign up for the webinar, go to https://goo.gl/E8cTzP. Company contact information is below.
OpenClose at 561-575-4632 Option 1, or email sales@openclose.com.
QuestSoft at 800-575-4632 option 1, or email sales@questsoft.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) 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 and credit unions. OpenClose's core solution, its LenderAssist(TM) LOS, is comprehensive platform 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 creating a truly seamless workflow for complete automation and compliance adherence. For more information, visit http://www.openclose.com/ or call (561) 655-6418.

About QuestSoft(R):
Laguna Hills, Calif.-based QuestSoft is a leading provider of comprehensive compliance software and services for the mortgage, banking and credit union industries. QuestSoft combines 20+ years of mortgage regulatory, CRA and Fair Lending compliance analytics, data management and software design expertise with best-in-class customer service to consistently improve client compliance accuracy and facilitate smoother regulatory audits. QuestSoft products, interfaced with over 40 LOS providers, enable more than 2,200 clients to simplify and speed the collection, analysis, compilation and reporting of key lending regulatory report data. For more information, call 800-575-4632, ext. 1, or visit http://www.questsoft.com/.

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

David Jones, for QuestSoft
William Mills Agency
678-781-7238
djones@williammills.com

OpenClose, a multi-channel loan origination system (LOS) provider, and QuestSoft, a provider of automated mortgage compliance software, announced that they will host a joint webinar covering the new CFPB HMDA regulations, how they will impact organizations, and outline specific plans to make compliance with the new HMDA rules the most efficient and time-saving process in the mortgage industry.

Recently Formed Ventana Home Mortgage, LLC Partners with OpenClose to Help Launch its New Mortgage Conduit Business

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose, an enterprise-class, multi-channel loan origination system (LOS) and mortgage software solutions provider, announced that Ventana Home Mortgage, LLC a residential mortgage conduit aggregator with a focus on the non-QM market, has signed with the company to utilize its OC Correspondent(TM) module. The web-based, turnkey solution will fully automate Ventana's new conduit business, and is expected to do so in less than 45 days.

"Our goal at Ventana is to purchase, aggregate and securitize quality residential non-QM loans through our network of over 100 lenders using both delegated and non-delegated options," said Joseph Kohout, SVP of Credit and Operations at Ventana. "We've worked with OpenClose in the past and know that their correspondent module efficiently and compliantly handles the automated review, acceptance and processing of quality closed loans. The solution gives us complete control and visibility over our entire procedure."

OC Correspondent enables Ventana correspondent lenders to electronically submit loans for swift review and acceptance. The solution consists of a robust seller-facing portal, automated eligibility and decisioning, quality controls, lock notifications, real-time pipeline status, custom-configured workflows, compliance, reporting, document management, an imaging system and more.

Ventana Home Mortgage is a subsidiary of Window Rock Capital Partners, LLC, an investment firm focused on opportunistic investment opportunities in the residential housing and credit markets. The newly formed Ventana acquired certain contractual rights that were previously used in connection with the residential mortgage conduit operated by WinWater Home Mortgage, LLC.

"Our correspondent module is ideal for organizations like Ventana that want to quickly and compliantly get into the correspondent business; or, to streamline an existing channel," said Vince Furey, SVP of Lending Solutions at OpenClose. "Right out of the gates, Ventana will be very efficient in kick-starting its correspondent business using our technology, which is very intuitive and easy-to-use. End users don't need much experience in correspondent lending to quickly begin utilizing our software."

OpenClose's OC Correspondent module functions as a stand-alone solution and also integrates with its multi-channel LOS.

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 and credit unions.

OpenClose's core solution, its LenderAssist(TM) LOS, is comprehensive platform 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 creating a truly seamless workflow for complete automation and compliance adherence. For more information, visit http://www.openclose.com or call (561) 655-6418.

About Ventana Home Mortgage, LLC:
Ventana Home Mortgage, LLC is a privately held residential mortgage loan aggregator, founded in 2016 with offices based in New York and Arizona. While focusing on opportunities in the residential mortgage sector - Ventana's founders have endeavored to create value in the residential mortgage market while working with 'outside the box' homeowners. Customer service is Ventana's number one priority. The company's executive team has well over 30 years of industry experience. For more information, visit http://www.ventanahomemortgage.com.

About Window Rock Capital Partners:
Window Rock Capital Partners, LLC is an investment management firm focused on opportunistic and strategic private investment opportunities which most recently have been in the residential credit market.

For more information, visit http://www.windowrock.com or email the company at info@windowrock.com.

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

OpenClose, an enterprise-class, multi-channel loan origination system (LOS) and mortgage software solutions provider, announced that Ventana Home Mortgage, LLC a residential mortgage conduit aggregator with a focus on the non-QM market, has signed with the company to utilize its OC Correspondent(TM) module. The web-based, turnkey solution will fully automate Ventana's new conduit business, and is expected to do so in less than 45 days.

HousingWire Lists OpenClose as a 2017 HW TECH100 Mortgage Technology Provider for the Fourth Year in a Row

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose(R), a multi-channel loan origination system (LOS) mortgage software provider, announced that HousingWire has again been recognized as a top 100 mortgage technology provider. The annual HW TECH100(TM) list recognizes the most innovative technology firms in the U.S. housing economy.

"The companies that make up the 2017 HW TECH100(TM) are the cream of the crop of the entire housing industry, from real estate to mortgage lending, servicing, and investment," said HousingWire Senior Financial Reporter Ben Lane. "These companies aren't just taking part in the housing industry's technological revolution; they're leading it."

OpenClose has been experiencing significant growth over the past few years and grew by an impressive 30 percent in 2016. The impetus for growth was the attraction by lending entities to OpenClose's LenderAssist(TM) LOS, which is completely web-based and has true multi-channel automation capability from a single platform. In addition, OpenClose has had significant success with its OC Correspondent(TM) module that lenders and aggregators are using to grow existing correspondent/conduit or launch entirely new ones. Lastly, OpenClose enhanced its consumer direct solution, ConsumerAssist(TM).

"It's an honor to again be named one of the leading technology firms in the industry by HousingWire," said JP Kelly, president of OpenClose. "We've been in a growth mode the past few years, which is the result of the innovation solutions we continually develop and enhance, and this award reflects that hard work."

"The companies in the 2017 HW Tech100 cover the entire mortgage finance spectrum. There's hardly a corner of our industry that hasn't been transformed in some way, either by fintech startups focusing on a specific software need or legacy companies evolving to compete in the new environment," said HousingWire Magazine Editor Sarah Wheeler. "Now more than ever, these companies are delivering the innovation this industry needs to do its most important job: supporting the American Dream."

OpenClose's solutions are in use by medium to large size mortgage bankers, banks, credit unions and aggregators to automate complex lending processes.

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading end-to-end, multi-channel loan origination system (LOS) provider that cost effectively delivers its platform on a software-as-a-service (SaaS) basis. The company provides a variety of 100 percent browser-based solutions for lenders, banks and credit unions. OpenClose's core solution, its LenderAssist(TM) LOS, 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 comprehensive automation and compliance adherence. For more information, visit http://www.openclose.com/ or call (561) 655-6418.

About HousingWire:

HousingWire is the nation's most influential industry news source covering the U.S. housing economy, spanning residential mortgage lending, servicing, investments, and real estate operations. The company's news, commentary, magazine content, industry directories, and events give more than one million industry professionals each year the insight they need to make better, more informed business decisions. Winner of numerous awards, including a 2012 Eddie Award for national editorial excellence in the B2B Banking/Business/Finance category, HousingWire has been recognized for excellence in journalism by the Society of Business Editors and Writers, the American Society of Business Press Editors, the National Association of Real Estate Editors, and Trade Association Business Publications International. Learn more at http://www.housingwire.com/.

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

OpenClose(R), a multi-channel loan origination system (LOS) mortgage software provider, announced that HousingWire has again been recognized as a top 100 mortgage technology provider. The annual HW TECH100(TM) list recognizes the most innovative technology firms in the U.S. housing economy.

OpenClose Named a 2017 Top 100 Top Mortgage Employer by National Mortgage Professional Magazine

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose, a multi-channel loan origination system (LOS) mortgage software provider, announced that it earned a spot on National Mortgage Professional magazine's (NMP) annual Top 100 Mortgage Employers list for 2017.

Winners were arrived at using NMP magazine's proprietary Mortgage Company Employer Score (MECS). The MECS weighs and scores various areas in a company to arrive at the list each year. A polling of NMP subscribers is used with the following criteria: corporate culture; compensation; day-to-day management; internal communications; marketing; training; resources; long-term strategy; ingenuity; speed; technology; and industry participation.

"We are very pleased to have been selected by National Mortgage Professional magazine as one of the top mortgage companies to work for in the country for 2017," said JP Kelly, president of OpenClose. "Our employees are our most important asset and this award reflects their hard work and our commitment to them."

In January, OpenClose announced that it has been experiencing consistent year-over-year growth, which is largely attributed to an increasing marketplace demand for its web-based, multi-channel LOS and correspondent lending platform. The company has been hiring in nearly all functional areas in order to ensure successful software implementations and excellence in customer support. OpenClose has offices in West Palm Beach, Florida and 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) 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 and credit unions.

OpenClose's core solution, its LenderAssist(TM) LOS, is comprehensive platform 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 creating a truly seamless workflow for complete automation and compliance adherence.

For more information, visit 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) mortgage software provider, announced that it earned a spot on National Mortgage Professional magazine's (NMP) annual Top 100 Mortgage Employers list for 2017.

OpenClose’s Multi-Channel LOS and Correspondent Platform Fuels Record Company Growth

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose, an enterprise-class loan origination system (LOS) provider, reports that it is experiencing the highest level of growth in company history. The company attributes the bulk of its growth to an increasing demand for its comprehensive LenderAssist(TM) LOS that has true multi-channel capability along with its turnkey correspondent module, OC Correspondent(TM).

OpenClose's revenue growth for the last few years has been in the mid-20 percent range year-over-year, while 2015 to 2016 the company realized an unprecedented 30 percent growth rate.

To handle the ongoing expansion, OpenClose has been strategically adding resources to its existing strong infrastructure to effectively on-board, implement, train and support new customers. The company hired additional employees who possess deep mortgage technology experience ranging from senior developers to implementation specialists, project managers and technical support representatives. This allows the company to manage growth at a healthy, controlled rate while maintaining its high customer service standards.

"The last few years have just been remarkable in terms of the number of new customers we have brought on board and how quickly we're able to implement them," said JP Kelly, president of OpenClose. "Our unique, boutique-style customer support model has been a key component to customer acquisition and retention. It's a very hands-on and responsive approach, unlike many of the larger LOS vendors that have long implementations, insufficient training, and often poor technical support. This model has served us well and is a key competitive differentiator."

OpenClose implemented a number of large mortgage banking customers that are originating sizeable loan volume. The company also established a new inside sales force that has been very successful in sourcing new deals for the outside sales executives.

Kelly added: "At OpenClose, we are always innovating, developing new solutions, and enhancing our platform. We're a privately owned and operated company that is nimble and entrepreneurial. We listen to our customers; they come up with some of our best ideas, and they love our personalized way of helping them succeed with their business. We don't treat customers as just another number like some larger vendors do, many of which acquired too many technology vendors with disparate technologies that are often difficult to support and train on."

The multi-channel LOS empowers lenders to easily add new business channels or grow existing ones. Also, attractive to lenders is that the LenderAssist LOS is completely browser-based and can be accessed from anywhere with an internet connection at any time. Further, the workflow-driven platform can be custom-configured to a lender's specific internal processes, which OpenClose implements for its customers. Implementations can be achieved in as little as 45 to 60 days depending on the level of customization and business channels required by the lender.

OpenClose's LenderAssist LOS platform is in use by medium and large size lenders, banks and credit unions and its standalone OC Correspond module is being leveraged by firms to buy closed loans. The company has offices in West Palm Beach, Florida and Gig Harbor, Washington.

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) 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 and credit unions.

OpenClose's core solution, its LenderAssist(TM) LOS, is comprehensive platform 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 creating a truly seamless workflow for complete automation and compliance adherence.

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

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

OpenClose, an enterprise-class loan origination system (LOS) provider, reports that it is experiencing the highest level of growth in company history. The company attributes the bulk of its growth to an increasing demand for its comprehensive LenderAssist(TM) LOS that has true multi-channel capability along with its turnkey correspondent module, OC Correspondent(TM).

OpenClose President JP Kelly Named to HousingWire’s 2016 Vanguard Award List

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose, an enterprise-class, multi-channel loan origination system (LOS) provider, announced that HousingWire honored its president, JP Kelly, with its second annual Vanguard Award. The list recognizes highly successful executives who are making a positive difference in their respective fields across the mortgage industry.

"The HW Vanguards continued to impress going into its second year; the winners are second-to-none and this list represents the finest cross section of mortgage talent available," said Jacob Gaffney, HousingWire editor-in-chief.

Winners were comprised of demonstrated leaders in the housing industry, achieving success that has impacted not only the members of individual organizations, but also the entire industry. The program recognizes C-level and business unit executives who have become leaders in their respective fields within housing and mortgage finance - those whose leadership is moving markets forward, each and every day. HousingWire states that it sets an extremely high bar for choosing its second annual list of HW Vanguards, which is a very competitive contest.

Key reasons that Mr. Kelly made the Vanguard Award list is the immense success that OpenClose has been experiencing with its multi-channel LenderAssist(TM) LOS and turnkey OC Correspondent(TM) module. Under Mr. Kelly's leadership, OpenClose continues to grow at a rapid rate with lenders, banks and credit unions adopting its comprehensive LOS platform that fully automates all lending channels. The company also has a significant number of mortgage lenders and conduit aggregators that started leveraging its correspondent technology.

Several industry LOS technology studies and surveys have repeatedly scored OpenClose as being a leader in successful implementations, ease of system use, depth of functionality, innovation, responsive technical support, overall satisfaction, and customer retention, among other areas.

"I am honored to have been chosen as a Vanguard Award winner; it speaks volumes about the success OpenClose has had in recent years," stated JP Kelly, president of OpenClose. "We have been at the forefront of web-based LOS technology since our inception in 1999. The impetus behind OpenClose's success is really the result of our extremely dedicated, passionate, customer-focused employees who possess both mortgage lending and mortgage technology experience."

Vanguard Award Stats:
* 40 winners in total
* Second annual list
* Winners were chosen by the HousingWire editorial board based on tangible leadership within their companies and the industry at large
* All winners are executives, most being of the C-level suite
* 23 of the winners serve as president or CEO of their company
* The list also includes a COO, an executive director, a division president, seven EVPs and an SVP
* Eight of the winners are the founders of their company.

About OpenClose:

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

OpenClose's core solution, its LenderAssist(TM) LOS, 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 comprehensive automation and compliance adherence. For more information, visit www.openclose.com or call (561) 655-6418.

About HousingWire:

HousingWire.com is the leading independent source for news, commentary and analysis covering the entire mortgage banking and financial markets. Staffed by a core team of experienced journalists and editors, HousingWire.com delivers breaking news and opinions on U.S. housing and mortgage finance. HousingWire.com has a well-developed reputation for delivering today the news other trade outlets will be reporting on tomorrow - and our readers value the information they get from www.housingwire.com first.

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

OpenClose, an enterprise-class, multi-channel loan origination system (LOS) provider, announced that HousingWire honored its president, JP Kelly, with its second annual Vanguard Award. The list recognizes highly successful executives who are making a positive difference in their respective fields across the mortgage industry.

OpenClose Releases New Mobile and Online Tools for Borrowers with Enhancements to its ConsumerAssist Solution

WEST PALM BEACH, Fla. /ScoopCloud/ -- OpenClose, an enterprise-class, multi-channel loan origination system (LOS) provider, announced that it has redesigned and added new features to its borrower-facing ConsumerAssist(TM) solution to deliver exceptional online and mobile point-of-sale tools.

The enhancements to ConsumerAssist creates a highly attractive, straightforward and interactive experience for consumers. ConsumerAssist can be accessed via the web or any mobile device, providing portability and accessibility at any time and from anywhere. This results in an increase in leads and a decrease in production costs.

As a borrower completes an application from any device, alerts are triggered in real-time that are sent to the lender for quick follow up by a loan officer or customer service representative. Lenders can then immediately engage the borrower, quickly answer questions and start the sales process. This significantly improves lead capture and conversion rates, resulting in more closed loans and greater profits. The features of ConsumerAssist can be customized to a lender's unique specifications along with branding for both branch and loan officer web pages, as well as mobile applications to create a more personalized experience.

"In today's competitive mortgage marketplace, customers are seeking new ways to attract borrowers and to do more with less while maintaining high service levels," said Jason Regalbuto, CEO and CTO of OpenClose. "ConsumerAssist is ideal for lenders looking to add a high impact web and mobile presence that provides an outstanding consumer experience. The solution allows visitors to start the lending process themselves without having to first speak to a loan officer. At the end of the day, ConsumerAssist is about increasing leads and decreasing origination costs for lenders."

Lenders also have the flexibility to offer on-demand program eligibility and pricing for borrowers by leveraging OpenClose's DecisionAssist(TM) product and pricing engine (PPE), which instantly returns decisioning at the point-of-sale. OpenClose's team of mortgage specialists maintain an extensive library of up-to-date investor programs, guidelines and pricing for its customers.

ConsumerAssist can easily be added to a lender's existing website and is integrated with OpenClose's LOS, LenderAssist(TM). It also has the capability to integrate with customer relationship management (CRM) software and other third party applications. The set up timeframe for ConsumerAssist can be customized and implemented in as little as 30 days.

About OpenClose:
Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading multi-channel loan origination system (LOS) provider that cost effectively delivers its platform on a software-as-a-service (SaaS) basis. The company provides a variety of 100 percent browser-based solutions for lenders, banks and credit unions. OpenClose's core solution, its LenderAssist(TM) LOS, 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 comprehensive 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, an enterprise-class, multi-channel loan origination system (LOS) provider, announced that it has redesigned and added new features to its borrower-facing ConsumerAssist(TM) solution to deliver exceptional online and mobile point-of-sale tools.

OpenClose Taps Industry Veteran Michael Falce to Handle Increasing Demand for its Multi-Channel LOS

WEST PALM BEACH, Fla., April 19, 2016 (SEND2PRESS NEWSWIRE) -- OpenClose(R), an enterprise-class, multi-channel, end-to-end loan origination system (LOS) provider, announced that industry veteran Michael Falce has been hired as a vice president, enterprise account executive. In this role, he will work with lending entities of various types and sizes to utilize OpenClose's LenderAssist(TM) LOS and additional software solutions.

Mr. Falce brings to OpenClose a unique blend of mortgage banking and mortgage technology experience that spans more than 25 years of exclusively serving the mortgage industry. He thrives at fast-paced, dynamic companies where he has absorbed key facets of the mortgage lending business including production, secondary marketing, underwriting, compliance, quality control, risk management, operations and technology.

Mr. Falce has extensive knowledge of correspondent lending and capital markets and has been directly in charge of establishing business models, platforms, processes and sales execution strategies for many different types of lending organizations. He has worked in sales management and held executive-level roles at Countrywide Home Loans, Aurora Loan Services, IMPAC Mortgage, Cherry Creek Mortgage, First Guarantee Mortgage, CUNA Mortgage and First American CoreLogic.

"Mike has been a top producer at every company he has been with and is armed with both mortgage banking and first-hand technology experience," said JP Kelly, president at OpenClose. "We are pleased to have him join the OpenClose team and interface with our industry's professionals to meet the increasing demand of our end-to-end LOS platform as well as other innovative standalone solutions we've developed."

The OpenClose solutions that Mr. Falce will offer include LenderAssist(TM) LOS, DecisionAssist(TM) PPE, ConsumerAssist(TM), OC Correspondent(TM), OC Optics(TM) and correlating professional services.

"I am excited to leverage my mortgage background to introduce OpenClose's industry leading LOS technology," commented Falce. "I've worked with many different types of mortgage technology systems throughout my career and OpenClose is one of the most comprehensive and advanced that I've seen."

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading end-to-end, multi-channel loan origination system (LOS) provider that cost effectively delivers its platform on a software-as-a-service (SaaS) basis. The company provides a variety of 100 percent browser-based solutions for lenders, banks and credit unions. OpenClose's core solution, its LenderAssist(TM) LOS, 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 comprehensive automation and compliance adherence.

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

OpenClose Twitter: @openclosesocial - https://twitter.com/openclosesocial

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

To view the original version on Send2Press Newswire, visit: https://www.send2press.com/newswire/openclose-taps-industry-veteran-michael-falce-to-handle-increasing-demand-for-its-multi-channel-los-2016-0419-01.shtml.