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National Mortgage Professional
Mar 26, 2009

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: LenderAssist 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 environment. DecisionAssist 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. ConsumerAssist 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. BrokerAssist 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.
Published
Mar 26, 2009
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