Compare OpenClose Lending Solution vs CreditCore

Summary

OpenClose Lending Solution is a mortgage loan origination software that helps financial institutes to automate all of their workflows and business channels from a centralised place. It helps financial institutes to automate lending channels, including wholesale, correspondent, retail and borrower direct business channels as well. The software has been fully updated in order to meet the TILA-RESPA Integrated Disclosure (TIRD) requirements. This compliance also helps users to know whether loans are QM/ATR, with just a click of a button. In addition, users can also configure whether their compliance thresholds are not exceeded and have covered all the important points necessary to run business smoothly. OpenClose Lending Solution allows permitted users to easily get access to and work over borrower documents from a centralised location. It enables financial institutes to convert documents into images and store them in a secure location with the help of a proprietary imaging system. Moreover, the software also provides users with dashboard-level custom reports to analyse lender specific data, facilitating intelligent decisions while managing risk appropriately. ..show more

CreditCore is a custom-built loan origination system software helping out community bankers with various lending solutions. It enables companies to improve their fair lending audit results. Also, by making more loans in little time, the software brings down the cost significantly. CreditCore adds a modernising effect to the lending platforms so that they can retain their competitive edge. Furthermore, it enhances customer satisfaction by enabling them to apply for loans from any device of their choice. With CreditCore, lenders can avoid time-consuming compliance tasks and get the redundant intersystem data entry mechanisms reduced in real-time. Once implemented, the software can go live in six weeks after being fully configured according to the specific loan policies followed by individual companies. It serves as a centralised platform that can manage consumers, small businesses and SBA loans simultaneously. Lastly, CreditCore offers exclusive customer support by employing industry-grade security protocols to manage users' business. ..show more

Audit Trail A record of changes made in chronological order of a user or activity

Chat (Messaging) Allows users to collaborate better by exchanging views and collect information through chatting or texting

Client Management (Customer) Facilitates strong necessary data about clients/customers and allows access to it when required

Collaboration Helps you safely share data with only those who matter and enhances your teamwork

Compliance Management Helps in making an assessment of risks, ensures policy comprehension and that policies/procedures are being followed

Custom Workflows Facility to create workflows with custom stages, process, and status.

Document Management Ability to store and manage various information and documents in electronic format.

Mobile Access Allows accessing the software and product/service related information from a mobile device

Workflow Management Helps in managing and ensuring smooth flow of the tasks assigned to a team or organization

e-Signature Electronic Signatures help users to sign their digital documents remotely

Top alternatives to OpenClose Lending Solution

Floify

LendingPad

TurnKey Lender

LendFoundry

CreditCore

Top alternatives to CreditCore

Floify

LendingPad

TurnKey Lender

LendFoundry

Finflux