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OpenClose

HW Tech100

Provides an omni-channel mortgage solution suite that enhances efficiency online and in-branch.

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OpenClose is one of the few established, industry-focused providers that offers a 100% web-based, end-to-end LOS that also combines a digital mortgage POS. By doing this, OpenClose effectively closes the gap between POS and LOS and dramatically simplifies integrations, enhances the borrower experience, slash costs and optimizes workflows. In addition, OpenClose developed an extensive RESTful API suite that allows the company to truly connect the LOS and POS with its integration partners to maximize value for lenders, borrowers and other members of the supply chain. The company’s approach to solve this problem is to offer an end-to-end LOS combined with a rich POS that leverages BI, PPE, first-party data and analytics — all from a single-source platform. In 2021, the company launched an enhanced version of its ConsumerAssist solution for self-service borrowers and tech-savvy loan officers to utilize. Also, OpenClose’s new Mobile Assist app is used to create a uniquely transparent lending ecosystem that centralizes the process while connecting business-critical vendors.

  • Saw an uptick of 24% in new client acquisitions in 2021.
  • Grew 53% from 2020 to 2021.
  • Achieved a three-year growth rate of 69%, landing it on the Inc. 5000 list for the first time in company history, and the rank of No. 23 in the state of Florida within the ‘Software’ category in 2021.

Company Website:

https://www.openclose.com/

Markets Served:

Loan Origination

Company HQ:

West Palm Beach, FL

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

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