Awards and Honors, Business, Free News Articles

OpenClose’s Mitch Swanson Honored by PROGRESS in Lending with Next Gen Leader Award

WEST PALM BEACH, Fla. -- OpenClose®, the leading fintech provider of residential mortgage software solutions for banks, credit unions and mortgage lenders, announced that its product delivery manager, Mitch Swanson, has been recognized as a Next Gen Leader within the industry by PROGRESS in Lending Association.

The Next Gen Leader award highlights rising visionaries and thought leaders who have been in the mortgage industry for 15 years or less. PROGRESS in Lending states that the winners encompass a wide range of mortgage professionals with diverse skill sets that have one commonality: helping their companies make a difference for the good of the industry. Winners of the award are creative, out-of-the-box thinkers who go beyond what's expected, are not afraid to step forward and blaze a new trail, and constantly offer bold new ideas.

Mitch Swanson, PMP has spent his entire career in the mortgage industry working for both mortgage lenders and mortgage technology vendors. This rich blend of vendor and lender experience gives him unique industry insight to better assist lenders in optimizing the use of OpenClose's solution suite.

"I am elated that the judges at PROGRESS in Lending put me on the 2022 list of young, emerging leaders who are making a difference in the mortgage industry," said Swanson. "I have been dedicated to the mortgage industry from day one and am committed to helping lenders maximize operational efficiencies via technology. I look forward to working with more lenders and introducing them to OpenClose's suite of mortgage software solutions."

At OpenClose, Mitch has been integral with delivering the company's borrower direct lending automation solution, ConsumerAssist™. This self-service model flourished throughout the refinance boom, helping lenders manage an influx of loan applications, and is now being leveraged to cut costs while offering borrowers a superb lending experience. ConsumerAssist has been implemented with great success at banks, credit unions, and independent mortgage banks thanks to Mitch's leadership and innovation.

Mitch has also worked on OpenClose's Assist series that automate specific lending functions for a wide variety of customer types. In addition to onboarding new customers onto the ConsumerAssist platform, Mitch constantly works on product enhancements that deliver innovative solutions that increase borrower satisfaction and lender efficiencies.

One of Mitch's latest initiatives includes creating a three-tiered pre-approval process based on confidence levels calculated with inputs from third party verification services. This process will have the ability to generate pre-approval letters with little to no contact with a loan officer. Consequently, it will dramatically improve a buyer's chance at securing a property to purchase while reducing the number of resources required to generate an accurate pre-approval. Mitch's efforts are ongoing, as he continually works with the OpenClose team and its customers to further enhance OpenClose's software solutions.

"Mitch is an integral member of our product development team who is well-respected by his colleagues, industry peers and OpenClose's customers," said Allen Pollack, vice president of innovation at OpenClose. "He is a dynamic, multi-faceted person who is stacked with mortgage technology experience at both the vendor and lender levels. We are pleased that the judges at PROGRESS in Lending recognized Mitch's efforts that deservedly landed him on the 2022 Next Gen Leaders list."

The complete list of award winners for 2022 can be found on PROGRESS in Lending's website:

About OpenClose:

Founded in 1999, OpenClose is the preeminent fintech provider that developed the mortgage banking industry's first SaaS-based lending automation software platform. Today, the company has expanded to become an award-winning, comprehensive loan origination software suite that slashes the cost to manufacture loans by up to 40 percent, reduces processing and underwriting cycle times by up to 50 percent, and requires minimal support to install and manage. OpenClose is the only vendor in the industry able to offer a true end-to-end, omni-channel, 100 percent browser-based, workflow-driven platform that effectively consolidates the digital POS, LOS, PPE and BI functions via a single provider, with easy access from any browser or mobile device. For more information, visit or call (561) 655-6418.

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This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Awards and Honors, Business, Free News Articles

DocMagic’s Leah Sommerville Receives Inaugural NextGen Leader Award

TORRANCE, Calif. -- DocMagic, Inc., the premier provider of fully-compliant loan document preparation, automated regulatory compliance, and comprehensive eMortgage services, announced that Leah Sommerville, one of its digital mortgage and eClosing subject matter experts, was honored with PROGRESS in Lending Association's inaugural NextGen Leader Award.

The new award recognizes rising visionaries and thought leaders that have been in the mortgage industry for ten years or less. The winners encompass a wide range of mortgage professionals with diverse skill sets that have one commonality: helping their companies make a difference for the good of the industry. They are creative, out-of-the-box thinkers who go above and beyond what's expected, are not afraid to step forward and blaze a new trail, and constantly offer bold new ideas.

"Being named to this new list of industry professionals who are all striving to make a difference is truly an honor," said Sommerville. "At the end of the day, working for an industry-leading company like DocMagic that is constantly innovating makes it easy to get excited and passionate about introducing digital mortgage solutions to lenders. I look forward to more success with DocMagic's Total eClose platform and supporting digital lending throughout 2021."

Notable is that in 2020, DocMagic achieved 128 percent year-over-year growth and executed the most eClosings in company history, tallying a 724 percent increase in transactions via its Total eClose™ platform.

Leah has been a member of DocMagic's eClosing team for several years, placing an emphasis on working with lending entities to help form their digital mortgage and eClosing strategies. She has dedicated herself to the furtherance and promotion of DocMagic's innovative digital mortgage solutions and has successfully leveraged her industry knowledge, relationships, and unwavering drive to help implement best practices and adoption of eClosing workflows and solutions - all in an effort to improve mortgage processes that benefit key stakeholders within the supply chain.

In a short period of time, Leah has developed into a respected thought leader in the digital mortgage transformation movement, specifically with eClosings, eNotarizations, eNotes, eVaults, eRegistry, investor eDelivery, and compliance adherence.

Leah utilizes her eClosing expertise to implement best practices and adoption techniques for lender eClosings. She helps provide lenders with the flexibility needed to be successful in a fast-moving mortgage market for both the short and long term.

DocMagic's Total eClose™ platform is an award-winning, end-to-end solution that seamlessly integrates every component of the closing process and enables a fully paperless workflow. The single-source solution can be leveraged by lenders in a modular fashion that grows with lenders' businesses as they advance digitizing their mortgage operations.

About DocMagic:

DocMagic, Inc. is the leading provider of fully compliant document generation, automated compliance, eSignature and comprehensive eMortgage solutions for the mortgage industry. Founded in 1987 and headquartered in Torrance, Calif., DocMagic, Inc. develops award-winning software, mobile apps, processes, and web-based systems for the production and delivery of compliant loan document packages. The company's solutions connect industry participants, promote collaboration, and data integrity to execute precision-based digital lending transactions. 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

Media Contact:
Joe Bowerbank
Profundity Communications, Inc.

Social: @DocMagic #TotaleClose #eClosingLeader #NextGenLeader

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