{"id":24559,"date":"2017-04-27T07:00:56","date_gmt":"2017-04-27T11:00:56","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/?p=24559"},"modified":"2018-08-10T19:37:01","modified_gmt":"2018-08-10T23:37:01","slug":"recently-formed-ventana-home-mortgage-llc-partners-with-openclose-to-help-launch-its-new-mortgage-conduit-business","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/recently-formed-ventana-home-mortgage-llc-partners-with-openclose-to-help-launch-its-new-mortgage-conduit-business\/","title":{"rendered":"Recently Formed Ventana Home Mortgage, LLC Partners with OpenClose to Help Launch its New Mortgage Conduit Business"},"content":{"rendered":"

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™ module. The web-based, turnkey solution will fully automate Ventana\u2019s new conduit business, and is expected to do so in less than 45 days.<\/p>\n

\"OpenClose
\n\u201cOur 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,\u201d said Joseph Kohout, SVP of Credit and Operations at Ventana. \u201cWe\u2019ve 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.\u201d<\/p>\n

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.<\/p>\n

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.<\/p>\n

\u201cOur 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,\u201d said Vince Furey, SVP of Lending Solutions at OpenClose. \u201cRight 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\u2019t need much experience in correspondent lending to quickly begin utilizing our software.\u201d<\/p>\n

OpenClose\u2019s OC Correspondent module functions as a stand-alone solution and also integrates with its multi-channel LOS.<\/p>\n

About OpenClose:<\/strong>
\nFounded in 1999 and headquartered in West Palm Beach, Florida, OpenClose\u00ae 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.<\/p>\n

OpenClose\u2019s core solution, its LenderAssist™ 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<\/a> or call (561) 655-6418.<\/p>\n

About Ventana Home Mortgage, LLC:<\/strong>
\nVentana 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\u2019s founders have endeavored to create value in the residential mortgage market while working with \u2018outside the box\u2019 homeowners. Customer service is Ventana\u2019s number one priority. The company\u2019s executive team has well over 30 years of industry experience. For more information, visit http:\/\/www.ventanahomemortgage.com<\/a>.<\/p>\n

About Window Rock Capital Partners:<\/strong>
\nWindow 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.<\/p>\n

For more information, visit http:\/\/www.windowrock.com<\/a> or email the company at info@windowrock.com.<\/p>\n

MEDIA CONTACT:
\nJoe Bowerbank
\nProfundity Communications, Inc.
\n949-378-9685
\njbowerbank@profunditymarketing.com<\/p>\n","protected":false},"excerpt":{"rendered":"

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.<\/p>\n","protected":false},"author":8,"featured_media":24547,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[39,1,38,14,599,5,565],"tags":[10202],"class_list":["post-24559","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mortgage-news","category-business-news","category-finance-news","category-florida-news","category-cloud-saas-news","category-technology-news","category-west-palm-beach-news","tag-profundity-pr","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":7287,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/24559","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/comments?post=24559"}],"version-history":[{"count":0,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/24559\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media\/24547"}],"wp:attachment":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media?parent=24559"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=24559"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=24559"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}