View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
December 9, 2008updated 06 Sep 2016 2:26pm

OpenClose partners with MeridianLink for screening credit data

OpenClose Solutions, a developer of web-based mortgage lending software, has partnered with enterprise business services provider MeridianLink to interface the company's MortgageCreditLink system with OpenClose's loan origination software.

By CBR Staff Writer

MeridianLink and OpenClose is expected to enable brokers and wholesale lenders to request and access credit information from any internet connection and deliver merged credit reports from more than 50 credit reporting agencies (CRAs), shortening the pre-qualification process.

OpenClose has said that, wholesale lenders and brokers can have access to the same credit data, enabling them to make more sound underwriting decisions along with faster pricing and qualification.

Lenders and brokers using OpenClose’s loan origination software (LOS) can then directly import the credit information directly into the software, eliminating duplicate data entry.

Rob Pommier, senior vice president of sales at OpenClose, said: With OpenClose’s expansion into broker services, being able to quickly pull and import credit information is a vital task. Brokers want one source for completing an application, and MeridianLink provides a secure system that runs seamlessly with OpenClose. The partnership will shorten the time originators spend preparing loan files and eliminate re-key errors with one end-to-end data stream from the credit report to the closing with wholesale lenders.

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.