OpenClose to Turn Columbus Day Into “Discover iPad Loan Origination Software Day”

WEST PALM BEACH, FL–(Marketwire – Oct 4, 2011) – Apple’s iPad® has taken the world by storm, but the banking and lending industries have been held back from broad adoption — until now. Bankers and lenders using mortgage software are no longer constrained to yesterday’s PC-centric technology and can now originate loans using OpenClose’s Web-based loan origination software. In honor of the Discoverer of the New World, OpenClose is telling lenders this Columbus Day that they can “discover a new world in lending,” originating loans using their Safari Web browsers on their iPads® and Macs®.

“While other LOS vendors continue to look in the rear view mirror, OpenClose is blazing a trail of making lending easier, more portable, and faster. We pioneered the Web-based mortgage LOS, social media software for banks and credit unions, and now to loan originations on tablets on the iPad, and on Macs,” said Jason Regalbuto, CEO, OpenClose. “Apple is making the finest computing hardware and software in the world today — why should bankers and lenders be precluded from using them? Originators today need to be able to do business in real time, anytime and everywhere, all the while connecting with their borrowers and associates in a social way. OpenClose on an iPad makes that happen like no other solution can.”

The announcement will coincide with the first business day of the Mortgage Banking Association (MBA) 98th Annual Convention & Expo in Chicago. All business professionals can benefit from the convenience of an iPad, but according to OpenClose, loan originators top that list due to the very immediate nature of their business. Now, a loan originator using OpenClose’s Lender Assist can take their 3G connected iPad for example, check rates through, originate the loan, pull credit, lock the loan, and get live responses.