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Kennedy Funding announces the hiring of Matthew Horvitz

National Mortgage Professional
Dec 05, 2008

OpenClose, MeridianLink partner to provide complete credit capabilitiesMortgagePress.comOpenClose, MeridianLink, LOS, credit reporting agencies, Rob Pommier, MeridianLink MCL interface, LION Inc. OpenClose Solutions, developers of Web-based, end-to-end mortgage lending software, has partnered with Costa Mesa, Calif.-based MeridianLink to interface the company's MortgageCreditLink (MCL) with OpenClose's loan origination software (LOS), OpenClose. MeridianLink and OpenClose will enable brokers and wholesale lenders to request and access credit information from any Internet connection and deliver merged credit reports from more than 50 credit reporting agencies (CRAs), shortening the pre-qualification process. Now wholesale lenders and brokers can have access to the same credit data, enabling them to make more sound underwriting decisions along with faster pricing and qualification. Lenders and brokers using OpenCloses LOS can then directly import the credit information directly into the software, eliminating duplicate data entry. "With OpenClose's expansion into broker services, being able to quickly pull and import credit information is a vital task," said Rob Pommier, senior vice president of sales at OpenClose. "Brokers want once source for completing an application, and MeridianLink provides a secure system that runs seamlessly with OpenClose. The partnership will shorten the time originators spend preparing loan files and eliminate re-key errors with one end-to-end data stream from the credit report to the closing with wholesale lenders." OpenClose expanded their Web-based, end-to-end LOS to connect the broker with mortgage bankers through their recent acquisition of LION Inc. The expanded service gives lenders and brokers a single tool to handle every task in the loan life cycle from consumer to secondary market. Expanded credit report and CRA access will also be available in LION as the LOS will also employ the MeridianLink MCL interface. For more information, visit www.meridianlink.com, www.openclose.com or www.decisionassist.com.
Published
Dec 05, 2008
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