OpenClose

OpenClose News Room Archive and Profile

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose® 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 simplified the way lenders ran their businesses by building the only end-to-end online loan origination. Our quest to make our solutions even stronger continues with a our new products tackling the emerging social marketing platforms across a variety of related industries.

Founded by bankers -- not technologists -- OpenClose remains one of the top mortgage software companies in the country. We are a pioneer in developing software as a service (SaaS) for the mortgage industry. Our customers add components to their businesses as they grow while still preserving their initial investment well into the future.

All of our mortgage software applications are developed here in the U.S.

East Coast/Headquarters: 314 Clematis Street, Suite 200, West Palm Beach, FL 33401USA.

West Coast: 5401 32nd Ave NW, Suite 202, Gig Harbor, WA 98335 USA.

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

See recent news items below. For historical news from OpenClose, please use the search box.

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Learn more online at: http://openclose.com/

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Press Releases from OpenClose :

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

OpenClose

WEST PALM BEACH, Fla., Nov. 15, 2016 (SEND2PRESS NEWSWIRE) — 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 Adds Automated Rate Sheet Generator to its DecisionAssist™ PPE

OpenClose

WEST PALM BEACH, Fla., Sept. 29, 2016 (SEND2PRESS NEWSWIRE) — OpenClose, an enterprise-class, multi-channel loan origination system (LOS) provider, announced that it has added a rate sheet generator to its product and pricing engine (PPE), DecisionAssist(TM). The new functionality quickly and efficiently automates rate sheet creation for timely distribution to branches and originators.

Colony American Finance Implements OpenClose Loan Origination Platform (LOS)

OpenClose and Colony American Finance

WEST PALM BEACH, Fla., July 26, 2016 (SEND2PRESS NEWSWIRE) — OpenClose(R), an enterprise-class multi-channel loan origination system (LOS) provider, announced that Colony American Finance (CAF), a specialty finance company that provides innovative loan products to residential real estate investors, implemented the OpenClose loan origination platform to support its new Single Asset loan product across correspondent, wholesale and retail channels.

OpenClose and MCT Streamline the Loan Sale and Purchase Advice Process for Secondary Marketing Departments

OpenClose and MCT Trading

NEW YORK, N.Y., May 16, 2016 (SEND2PRESS NEWSWIRE) — MBA National Secondary Market Conference & Expo — OpenClose(R) an enterprise-class, multi-channel loan origination system (LOS) provider, announced that in conjunction with Mortgage Capital Trading, Inc. (MCT) it has developed a solution that normalizes and extracts a lender’s committed loan sale and purchase advice data to be uploaded directly into OpenClose’s LenderAssist(TM) LOS, thus eliminating significant manual intervention. Depending on the number of loans that have been executed, time savings can be reduced from days to minutes.

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

OpenClose

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.

HousingWire Honors OpenClose as a 2016 HW TECH100 Mortgage Technology Vendor for Third Straight Year

OpenClose

WEST PALM BEACH, Fla., March 31, 2016 (SEND2PRESS NEWSWIRE) — OpenClose(R), an enterprise-class, multi-channel, end-to-end loan origination system (LOS) provider, announced that HousingWire has named the company to its 2016 HW TECH100(TM) list for the third year. The list recognizes the most innovative technology firms in the U.S. housing economy.

OpenClose and LBA Ware Integrate to Automate the Loan Compensation Process

OpenClose

MACON, Ga. and WEST PALM BEACH, Fla., Dec. 1, 2015 (SEND2PRESS NEWSWIRE) — OpenClose(R) an enterprise-class, multi-channel, end-to-end loan origination system (LOS) provider, and Lending and Banking Automation Software (LBA Ware), the leading provider of commission automation software, have formed a partnership to seamlessly pass loan information from OpenClose’s LenderAssist(TM) LOS into LBA Ware’s CompenSafe application to automate the entire commission process.

Mortgage Market Index Enhanced with OpenClose Data

OpenClose

WEST PALM BEACH, Fla. and DALLAS, Texas, July 15, 2015 (SEND2PRESS NEWSWIRE) — OpenClose(R), an enterprise-class, multi-channel, end-to-end loan origination system (LOS) provider, announced that it is now delivering weekly data for the U.S. Mortgage Market Index, an indicator of upcoming mortgage originations that is published by Mortgage Daily, a leading online news and data source for the mortgage industry.

OpenClose Adds Patrick Mancier to its Software Development Team

OpenClose

WEST PALM BEACH, Fla., June 30, 2015 (SEND2PRESS NEWSWIRE) — OpenClose(R), an enterprise-class, multi-channel, end-to-end loan origination system (LOS) provider, announced that it hired Patrick Mancier as senior software developer.

OpenClose Releases Version 4.0 of its OC Optics Web-based Enterprise Analytics and Reporting Module

OpenClose

WEST PALM BEACH, Fla., May 14, 2015 (SEND2PRESS NEWSWIRE) — OpenClose, an enterprise-class, multi-channel end-to-end loan origination system (LOS) provider, announced that it has released version 4.0 of OC Optics(TM), a web-based analytics and reporting system that integrates tightly with its LenderAssist(TM) LOS platform. The enhancements provide clients with more control, added functionality, and robust editing and configuration tools that effectively customizes data analysis and reporting outputs.

Industry Veteran Ken Ellis Joins OpenClose Sales Team

OpenClose

WEST PALM BEACH, Fla., April 16, 2015 (SEND2PRESS NEWSWIRE) — OpenClose, an enterprise-class end-to-end loan origination system (LOS) provider, announced that industry veteran Ken Ellis has been hired as director of business development. Ellis will be responsible for selling the company’s multi-channel LenderAssist(TM) LOS platform to lenders, banks and credit unions.

OpenClose Again Selected by HousingWire as a Top 100 Most Innovative Technology Company

OpenClose

WEST PALM BEACH, Fla., March 19, 2015 (SEND2PRESS NEWSWIRE) — OpenClose, an enterprise-class end-to-end loan origination system (LOS) provider, announced that it has been named to HousingWire magazine’s second annual HWTECH 100(TM) list for 2015. HW TECH100 honors the 100 most innovative technology companies serving the U.S. mortgage finance and real estate industries.

UPDATED: OpenClose Adds Industry Veteran Will Foy to its Growing Team of Technical Staff

OpenClose

WEST PALM BEACH, Fla., Feb. 26, 2015 (SEND2PRESS NEWSWIRE) — *RETRACTION* (correct and replace) — In a press release issued by OPENCLOSE on Feb. 24, an inadvertent error was included in the 7th paragraph that referred to Agile Alliance as a certifying body instead of an educational and trade group promoting Agile software development. The corrected full-text replacement announcement follows: OpenClose, an enterprise-class end-to-end loan origination system (LOS) provider, announces that it has hired Will Foy as integration manager.

OpenClose Adds Industry Veteran Will Foy to its Growing Team of Technical Staff (*CORRECTED*)

OpenClose

WEST PALM BEACH, Fla., Feb. 24, 2015 (SEND2PRESS NEWSWIRE) — OpenClose, an enterprise-class end-to-end loan origination system (LOS) provider, announced that it hired Will Foy as integration manager. In this role, he will be responsible for client integrations, project management, quality assurance and testing, the application of agile technology methods, and business analysis and solution crafting. (*CORRECTED*)

Pacific Union Financial Signs with OpenClose to Automate its Wholesale Lending Channel

OpenClose

WEST PALM BEACH, Fla., Dec. 9, 2014 (SEND2PRESS NEWSWIRE) — OpenClose, an enterprise-class end-to-end loan origination system (LOS) provider, announced that Pacific Union Financial, LLC signed with the company to implement its multi-channel, 100 percent browser-based LOS platform, LenderAssist(TM). The comprehensive solution will automate Pacific Union Financial’s wholesale lending functions from start to finish and establish complete data control and visibility over processes.

OpenClose Reports Banner Year, Adds Staff to Handle Increasing Demand for its End-to-End LOS Platform and Correspondent and Wholesale Solutions

OpenClose

WEST PALM BEACH, Fla., Oct. 14, 2014 (SEND2PRESS NEWSWIRE) — OpenClose, an enterprise-class end-to-end loan origination system (LOS) provider, announced that it is adding technical staff to effectively manage a growing demand for its browser-based LOS platform, LenderAssist(TM), and accompanying solutions. Amid a down market, OpenClose is having its best revenue growth year in company history.

OpenClose LOS Establishes Secondary Marketing Transparency and Control Across all Lending Channels

OpenClose

WEST PALM BEACH, Fla., July 11, 2014 (SEND2PRESS NEWSWIRE) — OpenClose, an enterprise-class end-to-end loan origination system (LOS) provider, announced that lenders are successfully using the secondary marketing component of its LOS, LenderAssist(TM), to deliver greater insight and control for secondary marketing departments.

OpenClose End-to-End LOS Automates All Lending Processes for Sabadell United Bank, N.A., Achieves Stellar Results

OpenClose

LOS ANGELES, Calif., March 18, 2014 (SEND2PRESS NEWSWIRE) — OpenClose, an enterprise-class end-to-end loan origination system (LOS) provider, announced at the MBA’s National Technology Conference that Florida-based Sabadell United Bank, N.A. has realized superior results along with supporting metrics since implementing its multi-channel lending automation platform.

HousingWire Magazine Designates OpenClose to its Inaugural HW TECH100(TM) List

OpenClose

PALM BEACH, Fla., March 11, 2014 (SEND2PRESS NEWSWIRE) — OpenClose, an enterprise-class end-to-end loan origination system (LOS) provider, announced that it has been named to HousingWire magazine’s new HWTECH 100(TM) list. OpenClose is among twenty three companies recognized in the lending category of the Top 100 Innovative Technology Vendors list.

OpenClose Successfully Implements QM and ATR Rules, Clients Laud Automation

OpenClose

PALM BEACH, Fla., Feb. 14, 2014 (SEND2PRESS NEWSWIRE) — OpenClose, an enterprise-class end-to-end loan origination system (LOS) provider, today announced that is has implemented the functionality necessary for lenders to adhere to the Consumer Financial Protection Bureau’s (CFPB) new Qualified Mortgage (QM) and Ability-to-Replay (ATR) rules. The company’s client base is successfully processing QM loans.