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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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88% 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

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Loan Origination Software

4.6 2 user ratings

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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 SnapDocs is an e-closing platform for mortgages. It offers a convenient, fast, and error-free mortgage experience to every single borrower. Powering millions of closing every year, SnapDocs delivers a good borrower experience and operational efficiency. Closings are difficult. That is why simply making papers available for eSignature is not sufficient. Snapdocs links all participants to ease this complex, and laborious operation. That's why its team powers 20 times more closings than anybody else, with hybrid, wet, and eClose options. SnapDocs offer the convenient digital experiences that borrowers expect. Also, borrowers are provided access to the easy, rapid, and transparent digital closure they want and expect by using features like eSigning, document preview, and remote online notarization. The platform ensures error-free closings. This means that the borrowers will not have to go through the same process again. SnapDocs streamlines borrower interactions with lenders and settlement partners. Along with streamlining every closing, SnapDocs also eliminates low-value tasks, allows borrowers to preview the whole closing package, and ensures AI-driven document processing. Read more
Pricing Options
  • Free Trial Not Available
  • OpenClose Lending Solution Offers Custom plan.
  • Free Trial Not Available
  • SnapDocs 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%

88% 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
    86%
  • Reviews
    60%
  • Momentum
    64%
  • Popularity
    85%

Features

Total Features
4 Features
6 Features
Common Features for All
    Audit Trail A record of changes made in chronological order of a user or activity
    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
  • + 1 More - Show Less
    • Audit Trail A record of changes made in chronological order of a user or activity
      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
  • + 3 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
    • Online
    • Online
    API Support
    • NA
    • Available

    Reviews & Ratings

    User Rating
    3/5 2 user ratings
    4.6/5 2 user ratings
    Ratings Distribution
    • Excellent

      0%
    • Very Good

      0%
    • Average

      100%
    • Poor

      0%
    • Terrible

      0%
    • Excellent

      78.9%
    • Very Good

      15.8%
    • Average

      0%
    • Poor

      0%
    • Terrible

      5.3%
      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
    • SnapDocs Offers Custom plan.
    Pricing Plans
    Monthly Plans Annual Plans

    OpenClose Lending Solution Custom

    SnapDocs Custom

     
    View Detailed Pricing
    View Detailed Pricing

    Screenshots & Videos

    Videos Not Available Video Thumbnail
    + 1 More

    Vendor information

    Company Details Located in: West Palm Beach, Florida Located in: San Francisco, California Founded in: 2012
    Contact Details

    (561) 655-6418

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

    Not available

    https://snapdocs.com/

    Social Media Handles

    Not available

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