{"id":62298,"date":"2020-08-12T07:15:16","date_gmt":"2020-08-12T11:15:16","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/?p=62298"},"modified":"2020-08-11T19:34:31","modified_gmt":"2020-08-11T23:34:31","slug":"7-mortgage-implements-opencloses-los-pos-to-support-its-network-of-credit-union-members","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/7-mortgage-implements-opencloses-los-pos-to-support-its-network-of-credit-union-members\/","title":{"rendered":"7 Mortgage Implements OpenClose’s LOS & POS to Support Its Network of Credit Union Members"},"content":{"rendered":"

KNOXVILLE, Tenn., Aug. 12, 2020 (SEND2PRESS NEWSWIRE) — 7 Mortgage<\/a>, a credit union service organization (CUSO), announced that it went live with OpenClose\u2019s end-to-end loan origination system (LOS) allowing its partner credit unions to leverage the mortgage industry\u2019s leading technology. The OpenClose<\/a> solution allows 7\u2019s CUSO members to efficiently and effectively complete mortgage loans \u2013 from start to finish \u2013 via a centralized platform rated #1 by multiple independent studies.<\/p>\n

\"OpenClose
\nA subsidiary of ORNL Federal Credit Union (ORNL FCU), 7 Mortgage successfully launched OpenClose\u2019s LenderAssist™ LOS<\/a> and ConsumerAssist™ POS<\/a> in July, delivering an enriched digital mortgage experience for both partner credit unions and the members they serve. 7 Mortgage now offers an array of new features, further distinguishing itself as a premier CUSO for residential mortgage lending.<\/p>\n

\u201cI am excited to convert our clients from Mortgage Cadence to OpenClose because it offers versatility, a fresh, modern look and sports a user-friendly format,\u201d said Chris Boler, 7 president and CEO. \u201c7 is dedicated to making credit unions stronger through collaboration. By offering a top-tier product like OpenClose to our partners, we are helping our members and our industry thrive.\u201d<\/p>\n

7\u2019s credit union members have access to OpenClose\u2019s award-winning platform, which includes a robust digital mortgage point-of-sale solution; a comprehensive, 100 percent browser-based LOS; a flexible, natively built product and pricing engine (PPE); business intelligence and analytics software (BI); mobile device functionality extension; and a RESTful API suite for simple, cost effective integrations.<\/p>\n

OpenClose offers a uniquely consolidated digital POS and LOS, along with additional capabilities \u2013 all via a single-source software provider, driving real-time member engagement and collaboration throughout the mortgage loan process.<\/p>\n

\u201cWe are pleased to welcome 7 Mortgage as a new OpenClose partner and are confident its members will gain many benefits from our platform,\u201d said Vince Furey, CRO at OpenClose. \u201cOur LenderAssist LOS brings new efficiencies to the table, which transforms mortgage lending for credit unions into an easier, streamlined, member centric process.\u201d<\/p>\n

Using the new solution, 7 and its members are expected to benefit from OpenClose\u2019s #1 rated customer service, better connectivity, reduced operating costs, quicker turn times and expanded options by which to conduct business.<\/p>\n

About 7:<\/strong><\/p>\n

Rooted in the seven principles of the credit union movement, 7 is a wholly owned credit union service organization (CUSO) of ORNL Federal Credit Union (FCU) in Oak Ridge, TN. 7 Mortgage, 7 Title, and 7 Insurance are included under the CUSO\u2019s umbrella. 7 Mortgage has 26 credit union partners and is licensed in 6 states. The mortgage company specializes in offering tailored mortgage solutions to credit unions throughout the Southeast. For more information, visit 7.coop<\/a> or call (865) 564-7465.<\/p>\n

About ORNL Federal Credit Union:<\/strong><\/p>\n

Chartered in 1948, ORNL FCU is a not-for-profit financial cooperative locally owned and operated by its members for the benefit of all who belong. ORNL FCU represents over 175,000 members and $2.5 billion in assets and serves members and businesses in 19 counties of East Tennessee. For more information, visit ornlfcu.com<\/a> or call (865) 688-9555.<\/p>\n

About OpenClose:<\/strong><\/p>\n

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose\u00ae is a leading enterprise-class, multi-channel loan origination system (LOS), POS digital mortgage and fintech provider that cost effectively delivers its digital 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. The company offers a RESTful API suite that standardizes system-to-system integrations, making them easier to develop, quicker to implement and more cost effective. OpenClose 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

Media Contacts:<\/strong><\/p>\n

Chris Boler
\n7, President\/CEO
\n865-560-7499
\ncboler@7.coop<\/p>\n

Joe Bowerbank
\nProfundity Communications, Inc. for OpenClose
\n949-378-9685
\njbowerbank@profunditymarketing.com<\/p>\n

Social Media:
\n@OpenClose_LOS @7Mortgage #CreditUnionsLOS #CreditUnionsLoanOriginationSoftware #CreditUnionsMortgageAutomation #Mortgage #TitleCompany #Insurance #CreditUnions #CUDifference #RealEstate #EastTennessee #Knoxville #KnoxRocks #KnoxvilleTN #KnoxvilleRealEstate #KnoxvilleRealtor #BuyingAHome #FirstTimeHomebuyer #HomeClosing<\/p>\n","protected":false},"excerpt":{"rendered":"

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.<\/p>\n","protected":false},"author":8,"featured_media":62297,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[39,1,38,10711,6,5,440],"tags":[429,10202],"class_list":["post-62298","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mortgage-news","category-business-news","category-finance-news","category-fintech","category-software-news","category-technology-news","category-tennessee-news","tag-loan-origination-system","tag-profundity-pr","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":5256,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/62298","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=62298"}],"version-history":[{"count":0,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/62298\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media\/62297"}],"wp:attachment":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media?parent=62298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=62298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=62298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}