TurnKey Lender |
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 
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77% 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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| 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 | FraudGuard is a decision support platform that helps lenders to identify potential fraud risk while sanctioning loans to borrowers. The platform helps lenders to comply with regulations, find errors in mortgage applications, improve the application review process and increase loan quantity in real-time. It provides the necessary due diligence and supporting evidence to make better loan decisions. It improves risk mitigation and helps avoid defaults, foreclosures and repurchases. The platform also protects users against regulatory penalties with its up-to-date analytics. FraudGuard analyses the borrower’s income and employment through its internal and external data sources to evaluate their ability to pay. In a loan that involves property, it provides details about its value, neighbourhood analysis, property transaction history, comparables analysis, and foreclosure analysis to identify overall collateral risk. FraudGuard can be integrated with Mortgage Electronic Registration System (MERS) to identify undisclosed loans, foreclosures and pending foreclosures for the borrowers’ property. Read more |
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| 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
|
77% 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
|
| Total Features |
4 Features
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4 Features
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| Common Features for All |
Audit Trail
Compliance Management
Custom Workflows
Document Management
Workflow Management
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Audit Trail
Compliance Management
Custom Workflows
Document Management
Workflow Management
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| Read All User Reviews | Read All User Reviews |
AI-Generated from the text of User Reviews
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Pricing Plans
Monthly Plans
Annual Plans
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OpenClose Lending Solution Custom |
FraudGuard Custom |
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View Detailed Pricing
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View Detailed Pricing
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| Company Details | Located in: West Palm Beach, Florida | Located in: Santa Ana, California |
| Contact Details |
(561) 655-6418 |
1.800.525.3633 https://www.firstam.com/mortgagesolutions/solutions/fraud-verification/fraudguard.html |
| Social Media Handles |
Not available |
Not available |
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