OpenClose introduces new product suite to streamline workflows and increase productivityMortgagePress.comOpenClose, mortgage software, AssistSeries, loan originators
OpenClose, a developer of Web-based, mortgage software, has
announced the introduction of its new, integrated end-to-end suite
of mortgage software products called the AssistSeries. Developed to
help mortgage companies and individuals create new business
opportunities, the AssistSeries streamlines work flows and helps
lenders automate more tasks with less software and capital. Its
unique design enables mortgage brokers, mortgage lenders, credit
unions or community banks to configure the system to meet the needs
of large enterprises or individual loan originators.
With the recent acquisition of LION MTS, OpenClose has
integrated the LION mortgage software into its own Web-based
solutions to create a new suite of mortgage products. The
integrated products are built upon a single technology platform to
enable mortgage professionals to work with a single set of loan
data from initial consumer contact through post-closing and
Secondary Marketing. This reduces the time spent preparing loans
while also increasing security and profitability.
"In order to be successful in the new marketplace, companies are
going to have to change the way they do business," said J.P. Kelly,
OpenClose's president of Operations. "The AssistSeries enables
lenders to increase efficiencies in the lending process by
including consumers and brokers in the same system used by lenders
and consolidating all loan data. Preparation time is reduced, while
security and profitability are maximized."
From the consumer through to secondary marketing, the
AssistSeries of products is a multi-level software solution
designed to provide the mortgage professional with a flexible
mortgage platform that will manage their loan process from
marketing to the borrower, loan origination to post-closing. The
AssistSeries contains four product groups:
A Web-based loan origination software (LOS). LenderAssist is the
flagship OpenClose product that combines traditional LOS
capabilities with core lending tools including pipeline management,
mortgage processing, underwriting, closing, secondary marketing,
accounting, post-closing and imaging in a Web-based
An accurate, Web-based loan pricing and eligibility engine.
DecisionAssist is available in three configurations designed to
meet the needs of a lender of any size. It's available with the
LenderAssist product or as stand-alone solution.
A comprehensive collection of custom and template Web site products
for lenders or mortgage brokers. Optimized for high search engine
placement and lead generation, each site is designed with the
unique requirements of our customer. For LenderAssist users, data
funnels automatically into the LOS to streamline workflow.
Loan search and productivity suite featuring a robust loan pricing
engine. Mortgage brokers gain instant access to one of the nation's
largest wholesale lender databases. The software also includes loan
pipeline management, market news, and data updated daily.
"The AssistSeries is configurable to create individual solutions
based upon lenders business needs today and able to add the
necessary components as their business grows, preserving their
original investment," Kelly said. "Things will be better in 2009
for those companies that drive their success with new ideas,
investments in new infrastructure and new technology solutions that
are designed to solve the problems of today and create
opportunities for future growth."
For more information, visit www.openclose.com.