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OpenClose Launches New App for Originators

San Francisco-based mortgage fintech provider, OpenClose, has announced the launch of DecisionAssist Mobile, which provides fingertip access to the company’s proprietary web-based product and pricing engine (PPE).

According to a statement by OpenClose, by using DecisionAssist Mobile, originators can quickly and efficiently compare eligible products and pricing and deliver the results directly to their borrowers from anywhere at any time via any mobile device.

Retail originators, wholesale brokers, and correspondent sellers can use this app to instantly quote multiple loan products for a specific loan scenario on-the-fly and immediately email the borrower comparative details. An email summary of the quoted prices is simultaneously returned to the originator to follow up with the borrower. The result is faster service, convenience, greater transparency, reduced cycle times, and increased pull-through rates.

“As an industry leader in the digital mortgage space, one of the key things we focused on when developing DecisionAssist Mobile was speed and ease of use for the originator,” said Gordon Frigaard, Director of PPE Technologies at OpenClose. “A common complaint we hear is that many mobile apps are difficult to work with and require too many data points to input. DecisionAssist Mobile, however, makes it quick and simple for salespeople to deliver borrowers detailed product and pricing answers while on the go.”

OpenClose’s DecisionAssist PPE is leveraged by direct lenders, investors, and portfolio lenders.  The product can be used via OpenClose’s LenderAssist LOS or as a standalone web-based solution.

OpenClose employs a team of mortgage specialists who maintain an extensive library of up-to-date investor guidelines and pricing on a daily basis to ensure accurate decision-making results are returned. Custom non-agency programs are also fully configured and completely maintained by OpenClose for lending entities. In addition, custom rate creation can be automated for timely distribution to branches, originators, brokers, and sellers.

About Author: Radhika Ojha

Radhika Ojha, Online Editor at the Five Star Institute, is a graduate of the University of Pune, India, where she received her B.A. in Commerce with a concentration in Accounting and Marketing and an M.A. in Mass Communication. Upon completion of her masters degree, Ojha worked at a national English daily publication in India (The Indian Express) where she was a staff writer in the cultural and arts features section. Ojha, also worked as Principal Correspondent at HT Media Ltd and at Honeywell as an executive in corporate communications. She and her husband currently reside in Dallas, Texas. She can be reached at Radhika.Ojha@DSNews.com.
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