OpenClose News Room

OpenClose Newsroom - Profile and News Archive

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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Press Releases from OpenClose :

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

Mitchell Swanson - NEXTGEN Leader

WEST PALM BEACH, Fla., July 8, 2022 (SEND2PRESS NEWSWIRE) — 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.

OpenClose Adds DataVerify Solutions to its LenderAssist™ LOS

OpenClose and DataVerify

WEST PALM BEACH, Fla., June 14, 2022 (SEND2PRESS NEWSWIRE) — 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.

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

OpenClose

WEST PALM BEACH, Fla., May 17, 2022 (SEND2PRESS NEWSWIRE) — 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.

OpenClose Launches Mobile Assist™ Native Mobile App Platform

OpenClose - mortgage technology

WEST PALM BEACH, Fla., Dec. 8, 2021 (SEND2PRESS NEWSWIRE) — 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 which adds features and functionality to make originators more successful with a real-time omnichannel device platform.

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

OpenClose and 7 Mortgage

KNOXVILLE, Tenn., Aug. 12, 2020 (SEND2PRESS NEWSWIRE) — 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.

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

OpenClose and with Access Business Technologies

WEST PALM BEACH, Fla., July 31, 2020 (SEND2PRESS NEWSWIRE) — 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.

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

OpenClose and Radian

WEST PALM BEACH, Fla., June 12, 2020 (SEND2PRESS NEWSWIRE) — OpenClose, 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 LOS.

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

OpenClose and Cyberlink

WEST PALM BEACH, Fla., June 3, 2020 (SEND2PRESS NEWSWIRE) — 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.

Innovation Technology Award Goes to OpenClose Loan Origination System

OpenClose Top Innovator

WEST PALM BEACH, Fla., May 12, 2020 (SEND2PRESS NEWSWIRE) — 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.”

HousingWire Honors OpenClose as a 2020 Mortgage Tech100 Innovator

OpenClose - 2020 HW TECH100

WEST PALM BEACH, Fla., April 3, 2020 (SEND2PRESS NEWSWIRE) — 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.

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

OpenClose and Genworth Mortgage Insurance

WEST PALM BEACH, Fla., March 13, 2020 (SEND2PRESS NEWSWIRE) — 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.

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

OpenClose Recognized as a 2020 Top Mortgage Employer

WEST PALM BEACH, Fla., March 11, 2020 (SEND2PRESS NEWSWIRE) — 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.

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

OpenClose Chris Olsen - 40 Under Forty

WEST PALM BEACH, Fla., Feb. 21, 2020 (SEND2PRESS NEWSWIRE) — 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.’

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

OpenClose CEO Jason Regalbuto

WEST PALM BEACH, Fla., Dec. 18, 2019 (SEND2PRESS NEWSWIRE) — 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.

OpenClose CRO Vince Furey Wins 2019 HousingWire Vanguard Award

CRO Vince Furey - Vanguard Award

WEST PALM BEACH, Fla., Dec. 11, 2019 (SEND2PRESS NEWSWIRE) — 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.

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

Chris Olsen of OpenClose

WEST PALM BEACH, Fla., Oct. 23, 2019 (SEND2PRESS NEWSWIRE) — 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.

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

OpenClose CRO Vince Furey

WEST PALM BEACH, Fla., Sept. 20, 2019 (SEND2PRESS NEWSWIRE) — OpenClose, 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.

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

Allen Pollack of OpenClose

WEST PALM BEACH, Fla., July 31, 2019 (SEND2PRESS NEWSWIRE) — 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.

OpenClose and Vice Capital Markets Integrate for Enhanced Hedging Automation

OpenClose and Vice Capital Markets

WEST PALM BEACH, Fla., July 11, 2019 (SEND2PRESS NEWSWIRE) — OpenClose, 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.

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

Tom Buenz

WEST PALM BEACH, Fla., April 30, 2019 (SEND2PRESS NEWSWIRE) — OpenClose, 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.

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

OpenClose

WEST PALM BEACH, Fla., March 22, 2019 (SEND2PRESS NEWSWIRE) — OpenClose, 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 Digital POS.

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

OpenClose Lender Loyalty Score

WEST PALM BEACH, Fla., March 14, 2019 (SEND2PRESS NEWSWIRE) — OpenClose, 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 out of any vendor surveyed in the mortgage industry.

OpenClose Integrates its LOS with Continuity Programs’ Mortgage CRM

OpenClose and Continuity Programs

WEST PALM BEACH, Fla., Feb. 21, 2019 (SEND2PRESS NEWSWIRE) — 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.

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

OpenClose Top Mortgage Employer

WEST PALM BEACH, Fla., Jan. 30, 2019 (SEND2PRESS NEWSWIRE) — OpenClose, 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.

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

OpenClose

WEST PALM BEACH, Fla., Oct. 10, 2018 (SEND2PRESS NEWSWIRE) — 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.

Experienced Mortgage Technologist Mark Michel Joins Growing Team at OpenClose

Mark Michel of OpenClose

WEST PALM BEACH, Fla., Sept. 27, 2018 (SEND2PRESS NEWSWIRE) — 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.

OpenClose Launches DecisionAssist Mobile for Originators

OpenClose

SAN FRANCISCO, Calif., July 16, 2018 (SEND2PRESS NEWSWIRE) — 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)

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

Joe Wade of OpenClose

WEST PALM BEACH, Fla., June 12, 2018 (SEND2PRESS NEWSWIRE) — 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.

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

OpenClose

WEST PALM BEACH, Fla., April 24, 2018 (SEND2PRESS NEWSWIRE) — 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.

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

Tom Rice of OpenClose

WEST PALM BEACH, Fla., March 22, 2018 (SEND2PRESS NEWSWIRE) — 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.

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

OpenClose - Top Mortgage Employer

WEST PALM BEACH, Fla., March 9, 2018 (SEND2PRESS NEWSWIRE) — 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.

OpenClose Bolsters Software Integration and Support Teams

OpenClose

WEST PALM BEACH, Fla., Feb. 16, 2018 (SEND2PRESS NEWSWIRE) — 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.

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

OpenClose and AFR Services

WEST PALM BEACH, Fla., Dec. 13, 2017 (SEND2PRESS NEWSWIRE) — 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.

OpenClose Adds New Hires to its Software Development Team

OpenClose

WEST PALM BEACH, Fla., Nov. 17, 2017 (SEND2PRESS NEWSWIRE) — 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.

Credit Unions Successfully Leveraging OpenClose LenderAssist™ LOS

OpenClose

WEST PALM BEACH, Fla., Sept. 21, 2017 (SEND2PRESS NEWSWIRE) — 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.

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

OpenClose and Timios Inc

WEST PALM BEACH, Fla., Sept. 6, 2017 (SEND2PRESS NEWSWIRE) — 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.

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

OpenClose President JP Kelly

WEST PALM BEACH, Fla., Aug. 17, 2017 (SEND2PRESS NEWSWIRE) — 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.

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

OpenClose New Website 2017

WEST PALM BEACH, Fla., June 26, 2017 (SEND2PRESS NEWSWIRE) — 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.

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

OpenClose and QuestSoft

WEST PALM BEACH, Fla. and LAGUNA HILLS, Calif., June 7, 2017 (SEND2PRESS NEWSWIRE) — 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

OpenClose and Ventana

WEST PALM BEACH, Fla., April 27, 2017 (SEND2PRESS NEWSWIRE) — 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.