Ryan Saniuk

Will Soaring Car Payments and Terms Hurt Potential Homebuyers and Put Downward Pressure on Home Prices?

Will Soaring Car Payments and Terms Hurt Potential Homebuyers and Put Downward Pressure on Home Prices?

Car payments are becoming larger parts of borrowers’ DTI ratios for longer and longer! According to Autotrader, the average car loan has increased to almost 70 months in the fourth quarter of 2021. Ouch. That’s a long time—nearly six years. I mean, I went from the first day of 7th grade to a high school …

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What Do July’s Strong Employment Numbers Mean for Interest Rates and the Economy?

What Do July’s Strong Employment Numbers Mean for Interest Rates and the Economy?

Will the 528,000 new jobs added (nearly double the estimate) give prospective homebuyers confidence to stop canceling deals or step back into the market? Despite the Fed enacting its second consecutive 0.75 percentage point interest rate increase in an effort to tamp down runaway inflation without creating a recession, employers still needed workers! Incredibly, these …

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

WEST PALM BEACH, Fla., – July 8, 2022 – 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 …

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OpenClose Adds DataVerify Solutions to Its LenderAssist™ LOS

OpenClose®, a leading fintech provider of mortgage software solutions for banks, credit unions and mortgage lenders, announced that it has integrated its LenderAssist™ loan origination system (LOS) with the DataVerify® DRIVE® platform to seamlessly validate borrower provided data. Directly from within LenderAssist, users can initiate a comprehensive data verification analysis that compares borrower information across …

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Header Kathy Olsen Named to Most Powerful Women in Fintech Award Winner

PROGRESS in Lending Lauds Kathy Olsen of OpenClose with Most Powerful Women in Fintech Award

OpenClose®, the leading fintech provider of residential mortgage software solutions for banks, credit unions and mortgage lenders, announced that its director of support services, Kathy Olsen, has been honored by PROGRESS in Lending Association as a leading female technology professional in the mortgage industry. Now in its fourth year, the Most Powerful Women in Fintech …

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