{"id":35499,"date":"2018-04-24T08:00:38","date_gmt":"2018-04-24T12:00:38","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/?p=35499"},"modified":"2018-08-10T19:36:50","modified_gmt":"2018-08-10T23:36:50","slug":"ascend-federal-credit-union-automates-its-residential-mortgage-lending-business-with-opencloses-lenderassist-los-and-decisionassist-ppe","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/ascend-federal-credit-union-automates-its-residential-mortgage-lending-business-with-opencloses-lenderassist-los-and-decisionassist-ppe\/","title":{"rendered":"Ascend Federal Credit Union Automates its Residential Mortgage Lending Business with OpenClose’s LenderAssist LOS and DecisionAssist PPE"},"content":{"rendered":"

WEST PALM BEACH, Fla., April 24, 2018 (SEND2PRESS NEWSWIRE) — OpenClose<\/a>®, an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced that Ascend Federal Credit Union (Ascend)<\/a> is leveraging its LenderAssist<\/a>™ LOS platform and DecisionAssist<\/a>™ product and pricing engine (PPE). OpenClose\u2019s completely browser-based solution has delivered additional efficiencies and heightened service levels for the credit union\u2019s growing mortgage lending division.<\/p>\n

\"OpenClose\"
\nAscend 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 \u2013- without the time and expense of implementing and maintaining a legacy system. LenderAssist was configured to support Ascend\u2019s specific business processes and automate the lending workflow from start to finish. The entire platform was implemented in less 60 days.<\/p>\n

\u201cSince implementing OpenClose, we have enhanced our overall mortgage lending process and ability to provide faster, better service to members looking for a home loan,\u201d said Don Gilliam, vice president of mortgage lending at Ascend. \u201cThe team at OpenClose is outstanding to work with and always provides very responsive, personalized customer support<\/a> to our mortgage staff.\u201d<\/p>\n

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\u2019s mortgage staff. OpenClose\u2019s 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.<\/p>\n

\u201cAttaining a home loan can be an intimidating, complex experience for many consumers, but Ascend\u2019s focus on service and use of technology makes it very easy for members to do business with them,\u201d says JP Kelly<\/a>, president of OpenClose. \u201cLenderAssist and DecisionAssist have contributed to Ascend\u2019s already high service levels by helping add simplicity, transparency and excellence in service to members.\u201d<\/p>\n

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.<\/p>\n

About OpenClose:<\/strong>
\nFounded in 1999 and headquartered in West Palm Beach, Florida, OpenClose® 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\u2019s core solution, LenderAssist™, 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\/<\/a> or call (561) 655-6418.<\/p>\n

OpenClose Twitter: @openclosesocial #mortgagetechnology #fintech #loanoriginationsoftware #creditunionsoftware<\/p>\n

About Ascend Federal Credit Union:<\/strong>
\nWith 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\/<\/a><\/p>\n

###
\nMEDIA CONTACT:<\/strong>
\nJoe Bowerbank
\nProfundity Communications, Inc.
\n949-378-9685
\njbowerbank@profunditymarketing.com<\/p>\n

*IMAGE for Media: Send2Press.com\/300dpi\/18-0216s2p-openclose-300dpi.jpg<\/p>\n","protected":false},"excerpt":{"rendered":"

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.<\/p>\n","protected":false},"author":8,"featured_media":33003,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[39,1,38,14,599,6,5,565],"tags":[9974,8737,3349,10202],"class_list":["post-35499","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-software-news","category-technology-news","category-west-palm-beach-news","tag-ascend-federal-credit-union","tag-fintech","tag-loan-origination-software","tag-profundity-pr","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":6399,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/35499","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=35499"}],"version-history":[{"count":0,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/35499\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media\/33003"}],"wp:attachment":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media?parent=35499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=35499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=35499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}