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Mortgage Software: Choosing the best mortgage banking solution

The more research we do in the mortgage business, the more one course has become evident: consolidate mortgage software. When choosing the best mortgage banking solution, whether it’s a bank, credit union, or lender, your organization is likely looking to pare down the number of mortgage technology vendors. Why? Less vendors means:

  • a loan work flow with a simplified process
  • no software incompatibilities
  • a reduced operating cost

Open Close develops and hosts web based mortgage software offering organizations an end to end solution. The more seamless the solution the less chance of incompatibilities. Or, our loan origination software, loan pricing engine, and consumer websites can be used as stand alone products instead. It’s scalable and grows as you grow in good times, scales down in slow times.

Consider this:

Harleysville National Bank‘s retail and wholesale channels have benefited from the software switch. The bank has been able to streamline its entire loan process with OpenClose and enhance tracking and reports by having one system from origination to closing — all without data reentry or frustrating changes to different programs.

Hudson City Savings Bank has sped up the loan process, while reducing time-wasting data entry and eliminating manual entry errors. As a result, the bank has greatly increased loan volume. In one particular instance, Hudson City Savings Bank registered 100 loan lock requests in one hour following an announcement of a pending interest rate increase.

OpenClose is always ahead of the curve.