OpenClose , a loan origination system (LOS) and mortgage fintech provider, announced that it is has scheduled a May release for the official rollout of its digital mortgage point-of-sale (POS) solution, ConsumerAssist Digital POS.
According to OpenClose, "as a single source vendor for digital POS, LOS, PPE and Business Intelligence, OpenClose is able to slash the loan manufacturing cost and complexity by eliminating the need to cobble together disparate systems with different SLAs, contracts and pricing models."
"The self-service POS capabilities that ConsumerAssist Digital POS provides are state-of-the-art and feature rich." Openclose states that enders can now automate and organize numerous tasks that would normally be performed in the back-office via the LOS, and push them closer to borrowers earlier in the origination process.
"As a result, workflow efficiencies increase, the lending process is sped up, costs are reduced and new business is captured at a higher rate and lower cost."
“We feel that lenders leveraging the efficiencies of a single consolidated platform will be able to most effectively sustain and increase profitability in an environment with more competition for fewer loans and tighter margins,” says JP Kelly , President of OpenClose.