OpenClose Named South Florida Business Journal Technology Award Winner

Company also named to Mortgage Technology Magazine’s “Top 50 Service Provider” list

OpenClose® Solutions, developers of Web-based, end-to-end mortgage lending software, has been recognized by the South Florida Business Journal as a technology leader. OpenClose, the company’s Web-based mortgage lending software, was awarded in the software category for providing lenders with one system to automate every key operation from the point of origination to secondary marketing.

According to the publication’s Web site, the South Florida Business Journal Technology Awards recognize those companies in the region that are providing innovative technological advancements to businesses. The winners are those who are expanding the frontiers of business technology.

“South Florida is filled with innovative companies leading the development of today’s business technology,” said Rob Pommier, senior vice president of OpenClose. “The software category is highly-competitive so it is a true honor to be recognized for our work. We set out to provide the mortgage industry with an end-to-end solution that can automate key functions in the loan process and with the recent acquisition of LION MTS, that scope continues to broaden and flourish.”

OpenClose consists of lending operations software that assists in origination, pricing, closing, post-closing, secondary marketing, funding, shipping and reporting. The software manages the loan’s data flow from the original application to post-closing using one code to reduce data entry and automate labor-intensive tasks.

OpenClose was also named to Mortgage Technology’s “Top 50 Service Providers” list for the second consecutive year. The “Top 50 Service Providers” is presented to technology vendors based on four major criteria that include customer satisfaction, market share, functionality and a viable revenue model.

OpenClose Solutions also offers lenders Decision Assist, a software that manages product guidelines and pricing with rules-based decisioning. The program gives lenders a powerful tool to keep up with the rapidly changing investor guidelines in the industry, price the loans and make automated decisions on the loans. Decision Assist also enables lenders to secure underwriting through Fannie Mae’s Desktop Underwriter (DU) or Freddie Mac’s Loan Prospector (LP) to assist in underwriting.

About OpenClose Solutions

West Palm Beach, Fla.-based OpenClose Solutions has been a pioneer of on-demand mortgage solutions since its inception in 1999. The Web-based end-to-end mortgage banking platform, which includes Decision Assist™, contains all elements of the lending process for retail, wholesale and correspondent channels. Each installation is customized to the lender’s workflow, business model and terminology. For more information, visit the company’s Web site at www.openclose.com or www.decisionassist.com.

Contacts

For OpenClose
David Jones, 678-781-7238
or
Elizabeth Salter, 678-781-7224