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Survey: “Dramatic shift in lenders’ goals for acquiring new technology”


According to a new survey conducted by National Mortgage News. there is a dramatic shift in lenders’ goals for acquiring new technology — 44% of lenders selected “innovating to gain a competitive advantage” as the primary goal of their firms’ 2016 technology acquisition, up from 19% for 2015.

TRID it seems was only the beginning. Mortgage lenders are looking to compensate from the anticipated slowdown in originated loans in Q4 of this year by streamling its current operations and/or launching new chnnels.

 OpenClose®’s end-to-end LOS platform is proven to centralize all lending channels from a single, easy-to-use system that flexes and scales with your unique business model. 

  • Automate: Lending organizations of all types have come to rely on OpenClose’s all-in-one, 100% web-based LOS.
  • LenderAssist™ LOS to compliantly automate the retail, wholesale, correspondent, and consumer direct channels.
  • Growth: If your LOS can’t efficiently and effectively handle all business channels, then you’re at a competitive disadvantage and missing growth opportunities.  
  • Revenue: Maximize your revenue and gain newfound efficiencies across each channel with OpenClose’s multi-channel LOS platform.

Contact us today to learn more at (561) 655-6418