OpenClose is one of the few established industry-focused providers that offers a 100% web-based, end-to-end LOS which also combines a digital mortgage POS, effectively closing the gap between POS and LOS, simplifying integrations, slashing costs, enhancing the borrower experience and optimizing workflows. OpenClose’s consolidated consumer POS and back-office LOS achieves the bulk of lending automation via a single-source provider all tapped via a web browser. The company’s Restful API enables third-party integration partners to further enhance and cost-effectively automate the overall OpenClose experience where best-in-class technologies can add value. Very few LOS vendors are through-and-through browser-based, multi-channel, and fully automate the lending workflow. What once required several different vendors to accomplish, OpenClose does quickly from one centralized platform.
- Achieved 52% growth year-over-year from 2019 to 2020
- 40% reduction of cost to manufacture loans for lender customers
- 50% reduction in processing and underwriting cycle times
West Palm Beach, FL