Mortgage Loan Origination Software (LOS)

OpenClose Mortgage Software Names Bill Mitchell as Vice President of Business Development

Posted by Frank Bocchino on Wed, Jan 23, 2013


WEST PALM BEACH, FL -- (Marketwire - Jan 15, 2013) - OpenClose has named Bill Mitchell as Vice President of Business Development. In this new position, Mitchell will market and sell Lender Assist mortgage software: the company's web-based, end-to-end, loan origination software to mortgage lenders, banks and credit unions.

Prior to OpenClose, Mitchell served a dual role as both Vice President and National Sales Manager at Mortgage Builder Software. There he managed a national sales team and was a driving force to the company's success, opening regional sales offices in Texas, Georgia, Arizona, North Carolina and Massachusetts. Before joining Mortgage Builder, Mitchell served as Regional Sales Manager for Fiserv-Del Mar Database. He began his mortgage software career as National Vendor Services Manager for West Palm Beach, Fla.-based Ocwen Technology Xchange.

"We'll be making a big push in 2013 to increase sales and awareness throughout the mortgage industry of our SaaS-based LOS, analytic dashboards, imaging, and consumer-facing websites, and Bill will be a large part of that charge," said J.P. Kelly, President. "He has a proven track record of accurately identifying prospects and new customers and educating them on the business improvements that can be made by implementing mortgage loan origination technology from a single vendor."

About OpenClose
OpenClose® is a pioneer of Software as a Service (SaaS) computing solutions for the financial industry since 1999. It provides a variety of Web-based for credit unions, banks, and mortgage lenders from loan origination software, loan pricing, website design and social media marketing. In 2010, the company released OpenClose Social: the first online social media management solution for credit unions, banks, and mortgage lenders. For more information about loan origination systems, visit OpenClose at You can also follow OpenClose@OpenCloseSocial


Topics: Loan Origination software, Mortgage Software, Loan Origination system, Mortgage Banking Software, credit unions, banks

Mortgages Driving the Bigger Banks

Posted by Frank Bocchino on Mon, Oct 01, 2012

According to a report on today, one of the few businesses working well for the biggest banks these days is the same one that got them in trouble just five years ago: mortgages.

The article says that Wells Fargo and JPMorgan Chase  are both expected to post more than $4.5 billion in profits for the third quarter, an increase of more than 15 percent from last year, according to Thomson Reuters I/B/E/S.

I wonder what type of mortgage software they are using? Does it have failsafes in place? Is it compliant? Hmm.

Good news though. 

Topics: Mortgage Software, mortgage, banks

Social Lending Arrives

Posted by Frank Bocchino on Wed, Feb 22, 2012
OpenClose Social™ platform was designed for banks and credit unions looking to quickly launch their social media presence, listen to the conversations in real time and engage their best prospects through sharing, discussions and interactive widgets.

Topics: social media, credit unions, banks, Blog

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