Business, Free News Articles, Software

OpenClose Extends its Digital Mortgage Ecosystem with New POS Offering – ConsumerAssist Digital POS

WEST PALM BEACH, Fla. -- OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced that it is has scheduled a May release for the official rollout of its much anticipated digital mortgage point-of-sale (POS) solution, ConsumerAssist(tm) Digital POS. This new integrated solution is a unique offering that combines a proven and mature 100 percent browser-based end-to-end LOS and PPE with new state-of-the-art dynamic digital mortgage POS technology.

As a single source vendor for digital POS, LOS, PPE and Business Intelligence, OpenClose is able to slash the loan manufacturing cost and complexity by eliminating the need to cobble together disparate systems with different SLAs, contracts and pricing models.

The self-service POS capabilities that ConsumerAssist Digital POS provides are state-of-the-art and feature rich. Lenders can now automate and organize numerous tasks that would normally be performed in the back-office via the LOS, and push them closer to borrowers earlier in the origination process. As a result, workflow efficiencies increase, the lending process is sped up, costs are reduced and new business is captured at a higher rate and lower cost.

"We feel that lenders leveraging the efficiencies of a single consolidated platform will be able to most effectively sustain and increase profitability in an environment with more competition for fewer loans and tighter margins," says JP Kelly, president of OpenClose.

Jason Regalbuto, CEO / CTO of OpenClose, adds: "Borrowers today and in the future are expecting streamlined experiences with extreme ease of use and automation like Amazon and Uber offer. Mortgage origination and lending involve very complex processes. We think with ConsumerAssist Digital POS, we have significantly reimagined these processes and workflows for the future and the expectations that borrowers have. We've effectively closed the loop between POS and LOS."

Key feature & benefits of OpenClose's new digital POS and LOS platform:

* Consumer-facing website can be customized to reflect the lender's own branding
* Elegant, intuitive screens and wizards swiftly walks borrowers through the entire application process
* Instant Verification of Employment (VOE)
* Instant Verification of Income (VOI)
* Instant Verification of Assets (VOA)
* Instant Verification of Tax Returns
* Automated loan conditioning
* Secure document capture and tracking
* Real-time messaging between borrower, loan officer and other relevant parties
* Activities calendar monitors when tasks are due and auto-sends email reminders and/or text notifications
* Affinity portal connects realtor, builder and settlement partners to the manufacturing process
* Ability to access the system on any mobile device or tablet.

OpenClose is incorporating into ConsumerAssist Digital POS their DecisionAssist(tm) product and pricing engine, automated underwriting capability, fee calculation engine and more.

OpenClose also offers ConsumerAssist(tm) Web which helps establish a consumer direct lending channel by developing websites that engage borrowers with tools to perform much of the application and loan qualification process themselves without involving a salesperson. ConsumerAssist Web can be combined with ConsumerAssist Digital POS, together dubbed ConsumerAssist(tm) Enterprise, to offer comprehensive self-service technology that manages the bulk of the origination process for lenders.

OpenClose recently announced the availability of a robust RESTful API Suite that the company developed to enable quick system-to-system integrations, seamless data exchange and execution of transactions. In addition to making integrations easier to complete, it further lowers lender costs, which is a key focus of OpenClose as their customers operate in a margin compressed business climate.

The company will be exhibiting in booth 800 at the MBA's Technology Solutions Conference & Expo 2019 from March 24 - 27 in Dallas at the Hyatt Regency. To learn more, visit the booth or contact the company to arrange a meeting time: sales@openclose.com.

About OpenClose:
Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose(R) is a leading enterprise-class, multi-channel loan origination system (LOS), POS digital mortgage and fintech provider that cost effectively delivers its digital platform on a software-as-a-service (SaaS) basis. The company provides a variety of innovative, 100 percent web-based solutions for lenders, banks, credit unions, and conduit aggregators. OpenClose's core solution, LenderAssist(tm), is comprehensive loan origination software that is completely engineered by OpenClose using the same code base from the ground up.

The company offers a RESTful API suite that standardizes system-to-system integrations, making them easier to develop, quicker to implement and more cost effective. OpenClose provides lending organizations with full control of their data and creates a truly seamless workflow for complete automation and compliance adherence. For more information, visit https://www.openclose.com/ or call (561) 655-6418.

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Advertising and Marketing, Business, Free News Articles, Software

Former FNF/Black Knight executive joins Cloudvirga as chief revenue officer

IRVINE, Calif. -- Cloudvirga(TM), a leading provider of digital mortgage software, today announced the appointments of Dan Sogorka as chief revenue officer and Kelly Kucera as senior vice president of marketing. Sogorka, a seasoned mortgage technology executive, will drive Cloudvirga's continued revenue growth and oversee the firm's sales and marketing strategy with the help of veteran cloud technology marketer Kucera.

"Dan's exceptional track record of delivering technology solutions to leading mortgage companies is unmatched," said Cloudvirga CEO Michael Schreck. "His leadership of Cloudvirga's sales, partner and marketing efforts in partnership with Kelly is instrumental to our continued strong growth."

Sogorka brings two decades of experience as a business unit leader and senior sales executive at private and publicly traded firms specializing in mortgage and real estate technology. Prior to joining Cloudvirga, Sogorka was president of EXOS Technologies for Fortune 500 title insurance giant Fidelity National Financial (NYSE: FNF). Before that, he was president of RealEC Technologies for mortgage data and solutions provider Black Knight (NYSE: BKI). His career contributions to the housing finance industry have earned Sogorka the Mortgage Bankers Association's Tech All-Star award and October Research's Innovator of the Year award.

Kucera has over 20 years of experience in senior-level marketing, sales and product management roles for global firms in the B2B cloud technology sector. Before joining Cloudvirga, she was head of commercial and global marketing at Arcules, a Canon Group company (NYSE: CAJ). Prior to that, Kucera oversaw global industry and commercial marketing in her role as head of marketing at global product content cloud platform 1WorldSync.

"Continual change within the mortgage industry has created new opportunities to re-imagine how technology platforms interact with all constituents across the loan life cycle," said Sogorka. "I believe Cloudvirga is in the right place at the right time. I look forward to helping guide the company's ongoing growth."

"I look forward to developing a marketing strategy that reinforces Cloudvirga's mission to help mortgage lenders decrease costs and increase borrower satisfaction," said Kucera.

Kucera and Sogorka join four other recent additions to the Cloudvirga leadership team: former loanDepot executive Tim Von Kaenel as chief product officer; former Roostify executive Jesse Decker as chief customer success officer; former Altisource CTO James Vinci as executive vice president of technology; and former Drip leader Ashley Lundquist as vice president of talent.

Cloudvirga offers hyper-motivated overachievers the opportunity to help transform a $10 trillion industry. The company provides competitive benefits including an attractive annual bonus program, equity participation and career development programs. For a list of current job openings, visit https://www.cloudvirga.com/company/careers.

About Cloudvirga(TM)

Cloudvirga's digital mortgage point-of-sale (POS) software, powered by the intelligent Mortgage Platform(r), uniquely combines a world-class borrower experience with a truly automated lender workflow that radically cuts overall loan costs, increases transparency and reduces the time to close a loan. Led by top fintech veterans with a track record of building successful mortgage technologies, Cloudvirga's customer base includes nine of the top 40 non-bank mortgage originators. To date, Cloudvirga has raised over $77 million from some of the country's top lenders and private-equity firms.

For more information, visit https://www.cloudvirga.com/ or follow Cloudvirga on LinkedIn.

PHOTO LINKS FOR MEDIA:
(1) Send2Press.com/300dpi/19-0110s2p-Dan-Sogorka-300dpi.jpg
(2) Send2Press.com/300dpi/19-0110s2p-Kelly-Kucera-300dpi.jpg

REF: NY: FNF / NY: BKI / NY: CAJ

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