Top markets for affordable renovated housing inventory

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at auction.

HousingWire Magazine: December 2021/ January 2022

AS WE ENTER A NEW YEAR, let’s look at some of the events that we can look forward to in 2022. But what about what’s next for the housing industry?

Back to the Future of Mortgage Lending

This webinar will be a discussion on understanding what’s to come in the future of mortgage lending by analyzing past trends in the industry, evolving consumer behaviors and demographics of the industry’s production capacity.

Logan Mohtashami on Omicron and pending home sales

In this episode of HousingWire Daily, Logan Mohtashami discusses how the new COVID variant, Omicron, will impact inflation and whether or not it will send mortgage rates lower.


2019 HW Vanguard: Vince Furey

OpenClose Chief Revenue Officer

Vince Furey has more than 25 years of senior-level banking experience and an extensive background in national sales, lending technology, operations, credit, secondary marketing and compliance to go with it. 

Prior to joining OpenClose, Furey founded Ovation7, a national consulting and business services firm. While he was running that company, he provided C-level outsourced solutions and advisory services for the banking and financial services industries with a specialization in CIO/CTO-level technology consulting, business development, loan delivery and strategic planning. Prior to that, he held senior leadership positions in retail, wholesale, and correspondent sales and operations at Mellon Bank, Bank One and Pinnacle Financial Corp.

Under Furey’s leadership, OpenClose already has at least a 100% uptick in revenue, compared to 2018. Furey has spearheaded a business strategy to offer its own POS digital mortgage technology, integrating it closely with their consumer direct portal, ConsumerAssist. This allows OpenClose to offer an end-to-end digital mortgage solution. With Furey being key to the accomplishment, OpenClose’s LOS platform, POS system and PPE received the highest Overall Satisfaction and Lender Loyalty Score’s in STRATMOR’s last two Technology Insight Study reports.

Furey played a key role in the business strategy to implement and make available a RESTful API suite that was launch in November 2018. One of OpenClose’s core goals is to create elevated efficiency levels and reduce lenders’ cost per loan. As a lender’s business model changes, they have new needs and often must flex with shifting marketplace conditions.

What has been your secret to success?

“Surrounding myself with talented, highly motivated people, giving them autonomy, and always supporting them over the goal line.”

Most Popular Articles lays off LOs, secures $750M cash injection

Digital mortgage lender is laying off 9% of its workforce ahead of a $750 million cash injection from financial backer SoftBank Group.

Dec 01, 2021 By

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Who’s afraid of the PSPA?

Stakeholders are divided over whether, in light of proposed changes to its capital rule, the FHFA should retool its agreement with the U.S. Treasury and remove policies some say never belonged there in the first place.

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3d rendering of a row of luxury townhouses along a street

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