We all make resolutions for ourselves come the New Year, but what about a New Year's resolution for our lending business?
That's another way of looking at budgets I suppose, but we tend to look at budgets to add to what we have rather than change it. And resolutions are about change.
Maybe you've been relying upon the same software vendor for years? Maybe they've been promising to improve or to add those features you need year after year but never do?
Is Loan Origination Software on your resolution list? It should be. And finding the best mortgage software can be difficult.
We suggest you take a look at OpenClose. It has been developed to change with the market and for a growing mortgage banker.
OpenClose users can now select the IDS documents they require, and are provided with the desired compliance and/or closing documents through a customized, easy-to-use interface. IDS safeguards inter-system data transfers in an effort to avoid data inconsistencies and the regulatory penalties that can follow. Documents are returned moments later and posted on a secured password protected web site or sent electronically. OpenClose users generate disclosures and closing documents through IDS without leaving the system.
"The link between LOS and doc prep has become mission-critical, as lenders seek to safeguard data integrity and maintain compliance while preserving the efficiency that technology provides," said Mark Mackey, executive vice president at IDS. "Through this integration, our mutual customers will be able to seamlessly create fully compliant mortgage documents and can be assured that the data behind those docs has not been compromised."
"IDS solutions are on the cutting edge of compliance and closing doc provision," says Rob Pommier, senior vice president business development, OpenClose. "The focus on data integrity from regulatory agencies requires seamless integrations for transfer of data between systems with no room for error. IDS is leading the charge to enhance and safeguard mortgage origination for lenders while expediting the process."
OpenClose is a pioneer of Software as a Service (SaaS) computing solutions for the mortgage industry since 1999. OpenClose, built in modern (.NET) technology is supported by mature, service-over-sales approach delivery. It provides a variety of Web-based residential loan origination software solutions for credit unions, banks, and mortgage lenders. For more information about loan origination systems, visit OpenClose athttp://openclose.com/industries/lending/los.aspx.
IDS, founded in 1986 in Salt Lake City, Utah, is a nationwide provider of mortgage documents and compliance. IDS services include closing documents, initial disclosures and fulfillment. The IDS flagship doc prep solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs. IDS backs the system with unsurpassed customer service, cutting-edge technology, compliance and document guarantees, and a solid compliance team. Lenders looking to move forward when it comes to doc prep can visit the IDS website at http://www.idsdoc.com/ or call 800.554.1872.
LenderAssist™ loan origination software keeps going where most other mortgage software vendors leave off. Our LOS provides mortgage banking functionality, document imaging, underwriting, secondary marketing, shipping and accounting, and post closing software. Our mortgage origination software is 100% web-based and provides the individual user with only the tools they need. Management loves the functionality, employees love the speed and ease of use. It's one multi channel software that adapts to any and all of your business channels: wholesale, retail, and correspondent.
LenderAssist™ doesn't make you change the way you do business, it makes the way you do business easier, faster, with less mistakes. We're sure you've never used an LOS that was easier, faster, or more reliable.
- fully Web-based, end-to-end loan solution
- secondary marketing and post closing tools included
- integrates with our loan pricing engineDownload our eBook on Correspondent Lending
Next week Football season begins -- and so does loan origination software (LOS) season.
Many lenders use the fourth quarter to select a vendor to lead their charge in mortgage technology. Many vendors say they "can" and "will" but if you ask around, you'll find few have the experience. We're not just software vendors, we're teammates leading the charge through experience.
At OpenClose, we know that a successful integration requires teamwork and experience. We like to think of ourselves as affordable superstars. We pioneered the Web-based mortgage yet our technology remains on the cutting edge. Many of our employees are ex-mortgage bankers themselves. That's why the transition to a new LOS runs smoothly, from sales to implementation to support.
Download our LOS Buyer's Guide FREE!
Whether you’re a Broker to Banker, have moved from Best Efforts to Mandatory, or are expanding from Servicing Released to Servicing Retained, does your mortgage software platform align with your business goals. When companies make any transition the mortgage technology often is considered as an after thought. But when it's such a major part of your daily management process, it should be at the top of your list.
And does your current vendor understand the metamorphosis to and from each paradigm? Wouldn't it be nice if there was a mortgage loan origination system that had figured out the puzzle so you didn't have to.
At OpenClose, we are ready for your company's future growth, change, or metamorphosis. We've helped other companies just like you. It's your turn now.
OpenClose had one of its best years in sales while continuing to enhance its product offering to meet the needs of the residential mortgage banking industry. Perhaps the greatest testament to our mortgage software and service is that many of our customers’ contracts came up for renewal last year and all re-signed.
Keeping compliance in the forefront, OpenClose has continued to make the loan process easier to use across platforms. Most notably it released OC Optics: a new Enterprise Reporting System that combines configurable management dashboard tools with a powerful graph and reporting solution to be used with its loan origination software.
A matured LOS, OpenClose continues with the spirit of innovators and continued to make strides in burgeoning areas through our social media management software as well as a being a recognized as a financial social media influencer through our blog. According to one recent study, about 52% of U.S. adults now use social media - 81% of people ages 18 to 24, 67% of 25-to-34-year-olds and 59% of 35-to-44-year-olds. In the next 5 years 70% of mortgage originations will come from Gen X and Gen Y consumers. OpenClose anticipates the needs of the industry rather than waits to catch up.