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81% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

OpenClose Lending Solution logo
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89% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

Mortgage Builder logo
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Overview

Description 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. Read more Mortgage Builder is a loan origination software solution that empowers teams to react rapidly to changing laws, and configure specific processes that are available for today's lenders. It assists you in increasing productivity, closing more loans faster, and reducing expensive errors that can lead to compliance issues. Mortgage Builder offers all of the tools and connectors you need to keep your operations running smoothly, from origination through post-closing to service. The platform provides assistance, not just for implementation, but also for all "in-between" questions too and there are no hidden expenses or user fees with MB. The price you quoted is the price you'll pay for the duration of your contract. With Mortgage Builder, you pay a one-time setup cost, a monthly membership fee, and a fee for each loan processed and not a penny more. It also provides free platform training, online training materials that are available 24 hours a day, and a series of customer advisory board events and town halls where you can discuss your ideas, concerns, and solutions. Additionally, every contract also includes automatic volume discounts. Read more
Pricing Options
  • Free Trial Not Available
  • OpenClose Lending Solution Offers Custom plan.
  • Free Trial Not Available
  • Mortgage Builder Offers Custom plan.
SW Score & Breakdown

81% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

  • Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more
    83%
  • Reviews
    67%
  • Momentum
    62%
  • Popularity
    62%

89% SW Score The SW Score ranks the products within a particular category on a variety of parameters, to provide a definite ranking system. Read more

  • Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more
    94%
  • Reviews
    70%
  • Momentum
    61%
  • Popularity
    70%

Features

Total Features
4 Features
7 Features
Common Features for All
    Audit Trail A record of changes made in chronological order of a user or activity
    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
    Document Management Ability to store and manage various information and documents in electronic format.
    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
  • + 1 More - Show Less
    • Audit Trail A record of changes made in chronological order of a user or activity
      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
      Document Management Ability to store and manage various information and documents in electronic format.
      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
  • + 4 More - Show Less
  • Technical Details

    Organization Types Supported
    • Large Enterprises
    • Medium Business
    • Small Business
    • Large Enterprises
    • Medium Business
    • Small Business
    Platforms Supported
    • SaaS/Web/Cloud
    • SaaS/Web/Cloud
    Modes of Support
    • 24/7 (Live rep)
    • Online
    • 24/7 (Live rep)
    • Online

    Reviews & Ratings

    User Rating
    3/5 2 user ratings
    3.2/5 2 user ratings
    Ratings Distribution
    • Excellent

      0%
    • Very Good

      0%
    • Average

      100%
    • Poor

      0%
    • Terrible

      0%
    • Excellent

      0%
    • Very Good

      40%
    • Average

      40%
    • Poor

      20%
    • Terrible

      0%
      Read All User Reviews Read All User Reviews

    AI-Generated from the text of User Reviews

    Pricing

    Pricing Options
    • Free Trial Not Available
    • OpenClose Lending Solution Offers Custom plan.
    • Free Trial Not Available
    • Mortgage Builder Offers Custom plan.
    Pricing Plans
    Monthly Plans Annual Plans

    OpenClose Lending Solution Custom

    Mortgage Builder Custom

     
    View Detailed Pricing
    View Detailed Pricing

    Screenshots & Videos

    Videos Not Available Video Thumbnail

    Vendor information

    Company Details Located in: West Palm Beach, Florida Located in: Southfield, Michigan
    Contact Details

    (561) 655-6418

    https://www.openclose.com/loan-origination-software/

    800.850.8060

    https://www.mortgagebuilder.com/

    Social Media Handles

    Not available

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