OpenClose Successfully Implements QM and ATR Rules, Clients Laud Automation
freeNewsArticles Story Summary: OpenClose, an enterprise-class end-to-end loan origination system provider, today announced that is has implemented the functionality necessary for lenders to adhere to the Consumer Financial Protection Bureau’s new Qualified Mortgage (QM) and Ability-to-Replay rules. The company’s client base is successfully processing QM loans.