OpenClose

2021 HW Tech100

Provides completely web-based loan origination software

OpenClose-2021 Tech100 winners-mortgage

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

Company Website:

http://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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