Business, Free News Articles, Software

New Integration Enables OpenClose Lenders to Automate MERS® Loan Registration and Transfer via Cyberlink’s eRAMP System

WEST PALM BEACH, Fla. -- OpenClose(R), the industry-leading mortgage fintech provider and omni-channel loan origination system (LOS), and Cyberlink Software Solutions, a provider of optimization and development solutions for mortgage lenders, announced the completion of an integration that eases the time consuming and laborious method of registering loans one by one with MERS(R).

Cyberlink's eRAMP MERS Transaction Management solution integration works by taking bulk loans that OpenClose lender customers need to register or transfer with MERS, and processing this important task efficiently, quickly, and accurately regardless of the number of loans to submit. eRAMP data then updates OpenClose's LenderAssist(TM) LOS, which includes registration confirmation dates as well as transfer of rights confirmation dates.

"We continuously look for opportunities to automate redundant tasks. The integration with eRAMP accelerates workflow, reduces errors and frees OpenClose users to work on other tasks," stated Vince Furey, CRO of OpenClose. "We are pleased to introduce eRAMP's MERS end-to-end transaction processing solution to our customers knowing that it will save them valuable time and money."

eRAMP has been relied upon for MERS(R) transaction processing by lenders large and small since 2003. Whether it's registering thousands of loans or a couple dozen loans, it's done with the click of a mouse and with minimal manual intervention by the lender. Confirmation reports along with details are provided back to the lender from eRAMP.

"We're always excited when we deliver new features that save time and reduce costs for our customers," said Greg Uttal, president of Cyberlink Software Solutions. "Our goal is to secure additional business and accomplish more with less by way of technology. With the new OpenClose integration, we're right on target to deliver value to our mutual customers."

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.

About Cyberlink Software Solutions:

Cyberlink Software Solutions, Inc. is a software development company that's been creating innovative applications for mortgage professionals since 1995. We offer in-house developed software products and consulting services, including LOS implementation project management, LOS optimization consulting and MERS process improvement solutions. For more information, please call 800 518-0919 or visit https://www.oncyberlink.com.

Social Media: @OpenClose_LOS #MERSLoanRegistration #LoanOriginationSoftware #CyberLinkSoftwareSolutions #OpenClose

Media Contact:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

Related link: https://www.openclose.com/

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Alliances and Partnerships, Business, Free News Articles, Insurance, Software

OpenClose Partners with Genworth Mortgage Insurance to Offer a Streamlined Mortgage Insurance Process from within its LenderAssist LOS

WEST PALM BEACH, Fla. -- OpenClose®, the industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced it has partnered with Genworth Mortgage Insurance, an operating segment of Genworth Financial (NYSE: GNW), establishing a direct integration to access mortgage insurance (MI) from the LenderAssist™ LOS platform.

The new integration works by leveraging OpenClose's RESTful API Suite, IntegrationAssist™, which makes interfacing with disparate systems easier to develop, quicker to implement and cost effective to maintain. Genworth is a full-service MI provider known for exceptional coverage, service and value. The Fortune 500 company has provided secure mortgage products for nearly 40 years. Its offerings are available in all 50 states and the District of Columbia.

"Providing real-time access to mortgage insurance pricing and certification workflow from within OpenClose helps our customers further automate their lending workflow and reduce costs. Our integration partnership with Genworth allows our mutual customers to immediately tap into their quality MI products," said Vince Furey, chief revenue officer (CRO) at OpenClose. "We are the industry leader in customer service and ease-of-use and this integration highlights that reality."

OpenClose customers can expect a seamless user experience within the LenderAssist™ LOS that optimizes the mortgage insurance pricing and certification process, eliminates data re-entry and returns MI commitment data and documents to the LenderAssist™ LOS.

"We're excited to partner with OpenClose, one of the leading LOS vendors in the industry," said Kevin McMahon, senior vice president of Customer Solutions at Genworth Mortgage Insurance. "Making it easier and more efficient to order MI from start to finish makes the overall lending process smoother for homebuyers."

About OpenClose:

Founded in 1999 and headquartered in West Palm Beach, Florida, OpenClose® 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™, 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.

About Genworth Mortgage Insurance:

Genworth Mortgage Insurance, an operating segment of Genworth Financial, Inc. (NYSE: GNW), is headquartered in Raleigh, North Carolina, and operates in all 50 states and the District of Columbia. Genworth Mortgage Insurance works with lenders and other partners to help people responsibly achieve and maintain the dream of homeownership by ensuring the broad availability of affordable low down payment mortgage loans. Genworth has been providing mortgage insurance products and services in the U.S. since 1981. Visit the company's website at new.mortgageinsurance.genworth.com.

MEDIA CONTACTS:
For OpenClose:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

For Genworth Mortgage Insurance:
Brittany Harris-Flowers
Genworth Mortgage Insurance
919-846-4417
brittany.harris-flowers@genworth.com

OpenClose Social Media: @OpenClose_LOS #OpenClose #LoanOriginationSoftware

Genworth Social Media: @GenworthMI #GenworthMI #MortgageInsurance

Related link: https://www.openclose.com/

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Alliances and Partnerships, Business, Free News Articles, Software

Digital Mortgage Platform Maxwell Announces Strategic Partnership and Bi-directional Integration with Integra’s EPIC Loan Origination System

DENVER, Colo. -- Digital mortgage platform provider Maxwell announced their strategic partnership with Integra to offer seamless, bi-directional integration with Integra's EPIC Loan Origination System.

Maxwell is announced as the preferred partner for Integra, and this blossoming partnership is tightly focused on providing an innovative Digital Mortgage Platform-LOS integration with features not previously seen in any other integration in the industry.

"As we collaborated with Maxwell to build this integration, we were committed to creating an integration that surpassed others of its kind in both quality and functionality," said Mike Picker, VP of Sales at Integra. "Our partnership with Maxwell is a game-changer for the countless lenders who use Integra every day to make their borrowers' dreams of homeownership a reality."

The bi-directional integration between Maxwell and Integra enables lenders to send loan applications, synchronize borrower documents and trigger status notifications to borrowers and real estate agents without ever leaving Maxwell.

"We saw a prescient need in the industry for an intuitive, bi-directional POS integration with Integra's LOS and we're thrilled to partner with them to bring this vital integration to market," said Lindsay Hunt, Head of Product at Maxwell. "We've worked tirelessly to build a strong partnership so we can provide something efficient and beautiful to fill that void and empower lenders that rely on Integra to streamline their process and focus on the relationships at the core of the mortgage experience."

Recently named a winner of HW's Tech 100 for the third straight year, on the heels of receiving Progress in Lending's Innovation Award, Maxwell leverages proprietary algorithms built on its network of data providers across loans to enable lenders to accelerate the mortgage lending process from application to underwriting. This allows loan officers to focus on the human relationship at the center of the mortgage journey. Today, hundreds of lenders across the United States use Maxwell to originate nearly $2 billion in mortgage loans each month at a closing rate 45 percent faster than the national average.

About Maxwell:
Maxwell empowers mortgage lenders to be more connected, productive and successful by intelligently automating their workflow with homebuyers and real estate agents. The platform is used by hundreds of mortgage lenders, banks and credit unions nationwide to serve their customers. Founded in 2015, Maxwell is a member of the Mortgage Bankers Association and is proud to be built in Denver, Colorado.

Connect with Maxwell:
- https://himaxwell.com/
- https://www.facebook.com/maxwellHQ
- https://twitter.com/ilovemaxwell

About Integra:
Established in 1996 and headquartered in Franklin, Tennessee, INTEGRA Software offers a powerful, web-based loan origination solution, EPIC, to address challenges within Mortgage Lending for retail, wholesale and correspondent lenders. EPIC spans point-of-sale to post-closing and secondary market for lenders interested in efficiencies gained by automating every step of the mortgage loan workflow. For more information about INTEGRA Software Contact: (877) 253-7779, sales@integra-online.com or by visiting https://integraloantech.com/.

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Alliances and Partnerships, Business, Free News Articles, Software

DocMagic and INTEGRA Software Systems Form Strategic Alliance

TORRANCE, Calif. -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that INTEGRA Software Systems (INTEGRA) will offer the company's document preparation solution to their client base via an integration with INTEGRA's new LOS, EPIC.

Recently, some of INTEGRA's clients began transitioning from its legacy LOS version, converting to its new multi-browser-based LOS, EPIC. New INTEGRA clients have been implementing EPIC, integrated with DocMagic's solutions, with great success.

The partnership gives lenders the ability to leverage DocMagic's end-to-end document production, preparation, delivery and automated compliance service as a fully embedded integration within EPIC. This includes the ability for borrowers to conveniently and compliantly eSign all documents required to meet state and TRID-based disclosures, eliminating paper and optimizing the document process from initial disclosures through closing.

"INTEGRA is a long-time, trusted integration partner of DocMagic and we are pleased that they are introducing our end-to-end document preparation solution to their lenders utilizing the EPIC LOS," commented Steve Ribultan, director of business development at DocMagic. "In a margin compressed business environment, this is of particular importance as lenders are better able to manage their costs using an all-in-one solution."

"We are pleased to make available DocMagic's services with this robust end-to-end integration to an influx of new clients purchasing EPIC," stated Michael Picker, senior vice president of sales and marketing at INTEGRA. "Through our LOS, we are able to efficiently provide borrowers with the Loan Estimate (LE), ability to eSign every document, produce an accurate Closing Disclosure (CD), service transfer packages, and offer DocMagic's Compliance Edge updates.

Interested parties can learn more about the integration and single solution offering by contacting a representative at INTEGRA: (877) 253-7779, sales@integra-online.com, or by visiting http://www.integraloantech.com/.

About DocMagic:
DocMagic, Inc. is the leading provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions for the mortgage industry. Founded in 1987 and headquartered in Torrance, Calif., DocMagic, Inc. develops software, mobile apps, processes and web-based systems for the production and delivery of compliant loan document packages. The company's compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more information on DocMagic, visit https://www.docmagic.com/.

About INTEGRA Software Systems:
Established in 1996 and headquartered in Franklin, Tennessee, INTEGRA Software offers a powerful, web-based loan origination solution, EPIC, to address challenges within Mortgage Lending for retail, wholesale and correspondent lenders. EPIC spans point-of-sale to post-closing and secondary market for lenders interested in efficiencies gained by automating every step of the mortgage loan workflow. For more information about INTEGRA Software Contact: (877) 253-7779, sales@integra-online.com or by visiting http://www.integraloantech.com/.

Related link:

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Business, Free News Articles, Software

OpenClose Bolsters Commitment to Software Innovation and Enhancement of Digital Mortgage Technology, Adds Experienced Technologist as VP of Innovation

WEST PALM BEACH, Fla. -- OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced that Allen Pollack, a seasoned industry veteran that has been instrumental in the digital shift and transformation of the industry, has joined the company in the newly created position of vice president of product innovation. Allen will assist OpenClose in continuing to expand the level of innovation invested in its customers and the industry to deliver business-altering products and processes, which align to the ever-changing digital lending landscape.

"JP and I are delighted that Allen has joined the OpenClose team," said Jason Regalbuto, CEO and CTO at OpenClose. "We have competed and collaborated with Allen over the years. He has developed a reputation for innovative business and technology strategies in the fintech space. We are excited about working with him to grow and expand our product offerings and solutions into the future."

Allen has more than 15 years of industry experience developing and leading strategic initiatives and comes to OpenClose from Fiserv where he was responsible for multiple fintech initiatives focused on delivering omni-channel capability and personalized lending experiences, ranging from conversational AI to digital mortgage lending capabilities across online and mobile banking channels.

Allen was a co-founder of NYLX, serving as chief technology officer where he introduced new technology models that disrupted the mortgage lending space. He later continued as chief technology officer of LoanLogics, a new RegTech company created by NYLX that continued to introduce new technology and disrupt the old way of doing business further creating solutions to support loan quality, due diligence, and multi-channel loan delivery models.

"OpenClose has been a long-time innovator in our space, making multiple contributions to help grow the mortgage industry and continually developing products that empower lenders to help borrowers achieve the American dream," stated Pollack. "The company is well-positioned and strategically aligned to establish itself as one of the industry's leading disruptors that significantly advances the lending process. I am excited to play a key role in the focus that speaks customer experience and the commitment to innovation supporting lending and the industry's ongoing transformation."

OpenClose recently rolled out the its digital mortgage point-of-sale (POS) solution, ConsumerAssist(TM) Digital POS, which offers an integrated solution that marries its end-to-end multi-channel LOS, product and pricing engine (PPE), and state-of-the-art POS technology. The single-source solution dramatically reduces the cost to manufacture loans, heightens the borrower experience, and simplifies managing the entire lending process.

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.

Media Contact:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

Twitter: @OpenCloseSocial #AllenPollack #DigitalMortgage #FinTech #LoanOriginationSoftware

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Business, Free News Articles, Software

OpenClose and Vice Capital Markets Integrate for Enhanced Hedging Automation

WEST PALM BEACH, Fla. -- OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced the completion of an integration with Vice Capital Markets Inc., an established mortgage hedge advisory firm. Focused on maximizing hedging efficiencies, the new interface reduces the time to prepare and deliver loan data and eliminates the manual intervention that occurs today, automating an ongoing seamless delivery of data. In addition, loan sale data is directly boarded back to OpenClose, automating the final loan reconciliation and expected versus actual variance analysis.

The integration takes loan-level lock data from OpenClose's LenderAssist(TM) LOS and securely transmits it directly to Vice Capital's hedging platform. This eliminates multiple manual steps and potential "break-points" in the overall process thus saving time, reducing errors, and increasing visibility that results in optimized position management.

"Our customer success is dependent on speed and accuracy, especially as it relates to effective hedging and trade management strategies," said Vince Furey, CRO at OpenClose. OpenClose is pleased to partner with Vice Capital in order to help our mutual customers maximize profitability and minimize risk in the secondary market. Using this integration, our customers are able to operate more efficiently in a fast-moving, tech-driven lending landscape."

"The less work our customers have to do, the better it is for all parties involved," says Chris Bennett, principal at Vice Capital Markets Inc. "When lenders perform a physical allocation of their loans, all of that data is now pulled straight from OpenClose's LOS, which accompanies a number of efficiencies that make the entire process quicker, easier and more accurate."

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.

About Vice Capital Markets:

Entering its 20th year in business, Vice Capital Markets offers complete hedge advisory, reporting, and trading services to banks and mortgage companies throughout the country. Trading over $70 billion annually, Vice Capital's proprietary risk-management models and complex investor and agency best execution platform have consistently yielded safe and effective profit maximization for its clients. Learn more at https://www.vicecapitalmarkets.com/ or call (248) 869-8100.

Media Contact:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

Twitter: @openclosesocial #OpenClose #ViceCapitalMarkets #SecondaryMarketingAutomation #WesternSecondary

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Business, Free News Articles, Software

OpenClose Bolsters Sales Team with Addition of Mortgage Software Veteran Tom Buenz

WEST PALM BEACH, Fla. -- OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced that Tom Buenz has joined the company in the position of vice president, enterprise sales. In this role, Mr. Buenz will help satisfy an increasing demand for OpenClose's LOS, digital mortgage point-of-sale (POS) solution and ancillary software products.

Mr. Buenz is a results-generating sales professional who has more than 20 years of experience executing sales, managing accounts and accelerating new business development. He has a proven history of exceeding goals and stimulating revenue growth.

Mr. Buenz comes to OpenClose from Ellie Mae where he was a strategic account executive selling to a wide range of lending entities. Before that, he was a senior sales executive at Finastra (formerly D+H Mortgagebot) where he was very successful in helping expand his territory with LOS and POS technology. In addition, Mr. Buenz has software sales experience in the credit union space and other areas of financial services technology.

"We are pleased to welcome Tom to the OpenClose sales team. His extensive knowledge of mortgage technology and in particular LOS and POS software makes him an excellent fit to present the unique value proposition behind our digital mortgage software solutions," said Vince Furey, CRO at OpenClose. "Given our leader position in the marketplace and the innovative, high-demand solutions we provide, there has never been a more exciting time to be at OpenClose."

OpenClose is rolling out a new digital POS that dramatically broadens its reach and ability to penetrate the digital mortgage ecosystem. Coupled with its end-to-end, multi-channel LOS that is completely browser-based, the company is in a powerful position to provide lenders with a single-source solution and vendor for their POS and LOS needs. The company has also been accelerating integrations with disparate systems using its cost effective RESTful API Suite, IntegrationAssist(TM).

Notable is that OpenClose's LOS platform, POS system, PPE and customer service levels received exceptionally high scores in the STRATMOR Group's latest 'Technology Insight Study.'

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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Business, Free News Articles, Product Launches, Software

OpenClose Launches RESTful API Suite, Expanding Connectivity to Third Party Applications and Services

WEST PALM BEACH, Fla. -- OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced the release of a RESTful API suite designed to offer its customers an easier, more cost effective and secure standardized solution to enable rich and deep direct interactions with their system of record from third party and home grown systems. The extensibility, scalability and security of the API suite ultimately reduces the cost to originate loans and establishes rich connectivity options to drive communications, processes and workflows.

"One of OpenClose's core goals is to create more efficient methods for our customers to conduct business, respond to changing market conditions and reduce the total cost to originate, close and sell loans," stated JP Kelly, president of OpenClose. "As our customers' business models evolve, new needs and requirements emerge that require flexibility and nimbleness to respond to changing marketplace conditions. Our RESTful API suite gives lenders the option to work with more third party service providers.

Additionally, OpenClose customers can connect their own homegrown solutions or work with other software providers to custom tailor the perfect solution for their needs."

OpenClose's RESTful API suite has been developed with a standardized methodology to enable implementation of direct integrations, seamless data exchange and execution of transactions. It creates simplicity, reliability, extensibility and better performance in totality. In addition, less maintenance is required and thus costs are lowered.

The API suite makes it quicker, simpler and more cost effective to integrate with disparate technologies, some of which are third party applications that are antiquated and previously required arduous and labor intensive development efforts.

OpenClose reports that its customers are already reaping the benefits of the RESTful API suite, successfully unifying their business-to-business data exchange and communications.

The company will be holding discussions at the Mortgage Bankers Annual Convention & Expo in its booth #700 from Oct. 14 - 16 at the Walter E. Washington Convention Center in Washington, D.C. Contact the company to meet at the conference: 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) 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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Business, Free News Articles

Experienced Mortgage Technologist Mark Michel Joins Growing Team at OpenClose

WEST PALM BEACH, Fla. -- OpenClose(R), an industry-leading multi-channel loan origination system (LOS) and mortgage fintech provider, announced that it hired Mark Michel, an industry veteran in enterprise-level mortgage technology systems. Mark has an extensive track record of successful execution during his tenure at lending entities as well as mortgage technology providers. At OpenClose, he will serve as a software integration analyst where he will focus on the company's LenderAssist(TM) LOS, RESTful API suite, as well as other digital mortgage solutions.

Mark brings to OpenClose more than 15 years of experience as a subject matter expert in mortgage fintech. Before OpenClose, he was a senior product manager at Altisource where he was responsible for a next-generation LOS as well as a new POS portal, while also acting as a subject matter expert on all LOS integrations. Prior to that, Mark was a senior business consultant and project manager at Fiserv Lending Solutions for more than fifteen years.

In addition, he has held senior business analyst and project manager roles at banks, mega lenders and an investment firm focusing on outsourced technology solutions for mortgage originators, secondary market conduits and investors. This unique combination of lender and vendor experience arms him with highly sought after mortgage experience and is an extraordinary addition to the OpenClose Integration team.

"We are pleased to welcome Mark to the OpenClose family and know that he will have an immediate impact," said Jason Regalbuto, CEO/CTO of OpenClose. "Mark has a very rich, through-and-through background in the mortgage industry, working for both lenders and mortgage software firms. He's exactly the type of professional we like to hire to advance our enterprise. "

As a result of an increasing demand for OpenClose's multi-channel LOS and other digital mortgage solutions, OpenClose has made a number of new hires in nearly all functional areas during 2018 in order to effectively support new and existing customers.

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) 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, thus avoiding the problems that often accompany assembling best-of-breed applications or acquiring disparate technologies in an effort to create an end-to-end platform. The company 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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Business, Free News Articles, Software

ARMCO Reduces Lender Data Validation Times by 50 Percent with DataSure

POMPANO BEACH, Fla. -- ACES Risk Management (ARMCO), the leading provider of technology for loan quality and compliance testing, data validation and analytics, announced the launch of DataSure(TM), a quality control technology that increases data validation accuracy and efficiency, and reduces lenders' data validation task times by 50 percent or more.

"Most loans contain at least one data discrepancy that can negatively impact lenders' revenue through buybacks, delays, loss of investor confidence, and longer warehouse dwell times," said Phil McCall, president of ARMCO. "If lenders don't use a robust data validation technology, they can expect discrepancies that cost them tens or even hundreds of thousands of dollars in unnecessary expenses."

In a matter of moments, DataSure validates loan data for thousands of key data points within a lender's source system (i.e. loan origination system) by cross referencing those data points against data contained in loan documents. It then automatically communicates all corrected data fields back to the lender's source system. This assures data consistency and accuracy at each step of the loan process. DataSure also provides robust reporting capabilities, so lenders can identify the root causes of their data discrepancies and adjust their practices going forward.

Most lenders assign the task of data validation to their underwriting teams, who fulfill the process using the manual "stare-and-compare" method-a tedious, time consuming and error-prone process and one of the primary drivers behind the large number of discrepancies. In addition to increasing the risk of errors and inaccuracies, this method allocates underwriters-one of lenders' highest paid and most skilled human resources-to an activity that can be accomplished much faster, more accurately and more economically with technology.

"The best way to protect current profits and future longevity is to be proactive about loan quality," said McCall. "DataSure is one more ARMCO tool that the mortgage community can use to drive the health and growth of their businesses."

About ARMCO:

ARMCO - ACES Risk Management has served the finance industry with risk management software for over 25 years and is the recognized authority on mortgage risk. Today, in addition to an array of loan quality enterprise software, services, data and analytics, the company also provides the ARMCO Mortgage QC Industry Trends Report, a free quarterly analysis of industry-wide mortgage loan quality. ARMCO provides its clients with insights based on decades of risk analysis intel, so they always have the fastest, most reliable, most efficient means for preventing risk-related loss, and creating effective risk strategies going forward.

The company's flagship product, ACES Audit Technology(TM), can be used at any point in the mortgage lifecycle, and is so user-definable, its capabilities extend outside of origination and servicing, into a wide range of risk-prone audit-able business operations.

For more information, visit http://www.armco.us or call 1-800-858-1598.

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