Jason Regalbuto is currently holding the dual position of chief technology officer and CEO at OpenClose. He has worked in both a mortgage banker capacity as a lender and a mortgage technology capacity as a lender, a background which gives him both a unique insight as well as a competitive edge. Moreover, Regalbuto is forward-thinking with technology and is always looking for ways to build a better “mousetrap.” Dating back to 1999, Regalbuto was the driving force behind ensuring OpenClose’s LOS and ancillary solutions remained ahead of their time by being purely web-based, requiring zero installs and essentially operating as SaaS long before SaaS became a commonly used tech term. Working closely with the OpenClose management and technical teams, Regalbuto helped spearhead a technology undertaking to offer a new POS digital mortgage technology, integrating tightly with OpenClose’s consumer direct portal called ConsumerAssist. Officially introduced in 2019, this new portal enabled OpenClose to offer an end-to-end digital mortgage solution starting at the POS robust functions. This gives lenders a single-source option that eliminates unnecessary integrations at the POS, and removes multiple pricing structures with different vendors, contracts and SLAs. ConsumerAssist helps reduce the cost to manufacture loans by up to 40%.
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