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March 31, 2009

OpenClose introduces new product suite

AssistSeries streamlines work flows and helps lenders automate tasks

By CBR Staff Writer

OpenClose, a developer of web-based mortgage software services, has introduced AssistSeries, a new, integrated suite of mortgage software products that helps mortgage companies and individuals create new business opportunities.

According to the company, the AssistSeries streamlines work flows and helps lenders automate more tasks with less software and capital. Its design enables mortgage brokers, mortgage lenders, credit unions or community banks to configure the system to meet the needs of enterprises or individual loan originators.

With the recent acquisition of Lion Mts, OpenClose has integrated the Lion mortgage software into its own web-based services to create a new suite of mortgage products. The integrated products are built upon a single technology platform to enable mortgage professionals to work with a single set of loan data from initial consumer contact through post-closing and secondary marketing. This reduces the time spent preparing loans while also increasing security and profitability.

The AssistSeries contains four product groups: LenderAssist, DecisionAssist, ConsumerAssist, and BrokerAssist.

JP Kelly, president of operations at OpenClose, said: The AssistSeries enables lenders to increase efficiencies in the lending process by including consumers and brokers in the same system used by lenders and consolidating all loan data. Preparation time is reduced, while security and profitability are maximized.

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