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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

OpenClose Lending Solution logo
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86% 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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Overview

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 Lendesk is an end-to-end digital mortgage platform that provides mortgage professionals with the tools they need to manage all of their mortgage needs. The platform offers its features in three products, Gateway, Lender Spotlight, and Finmo, to manage all of your digital mortgage business requirements. Finmo's affordability calculators and lead generating links provide a world-class marketing funnel, allowing you to create revenue even when you're not working. It allows borrowers complete control over their application and documents, saving many hours of work. With a single click of the button, a broker can view potential lenders based on transaction parameters while working on a deal in Finmo. With Lender Spotlight, you can close more sales and use the "Compare and Share" function to compare lender products, including insurance, and produce professionally branded reports to share with your customers. At the touch of a button, you can request and collect papers instantly. Lendesk's Gateway is a secured loan origination tool for lenders that is SOC2 compliant. It enables you to receive offers from brokers and other channel partners, and manage renewals. Read more
Pricing Options
  • Free Trial Not Available
  • Offers Custom plan.
  • Free Trial Available
  • Starts at $49.00. Offers Free-forever plan.
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

  • Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more
    82%
  • Reviews
    73%
  • Momentum
    61%
  • Popularity
    62%

86% 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

  • Features The Feature Score % is calculated using the weighted average method, where core features hold more weight in the final calculation. Read more
    86%
  • Reviews
    67%
  • Momentum
    68%
  • Popularity
    81%

Features

Total Features
4 Features
5 Features
Common Features for All
    Audit Trail A record of changes made in chronological order of a user or activity
    Client Management (Customer) Facilitates strong necessary data about clients/customers and allows access to it when required
    Compliance Management Helps in making an assessment of risks, ensures policy comprehension and that policies/procedures are being followed
    Custom Workflows Facility to create workflows with custom stages, process, and status.
    Document Management Ability to store and manage various information and documents in electronic format.
    Workflow Management Helps in managing and ensuring smooth flow of the tasks assigned to a team or organization
  • + 1 More - Show Less
    • Audit Trail A record of changes made in chronological order of a user or activity
      Client Management (Customer) Facilitates strong necessary data about clients/customers and allows access to it when required
      Compliance Management Helps in making an assessment of risks, ensures policy comprehension and that policies/procedures are being followed
      Custom Workflows Facility to create workflows with custom stages, process, and status.
      Document Management Ability to store and manage various information and documents in electronic format.
      Workflow Management Helps in managing and ensuring smooth flow of the tasks assigned to a team or organization
  • + 2 More - Show Less
  • Technical Details

    Organization Types Supported
    • Large Enterprises
    • Medium Business
    • Small Business
    • Large Enterprises
    • Medium Business
    • Small Business
    Platforms Supported
    • SaaS/Web/Cloud
    • SaaS/Web/Cloud
    Modes of Support
    • Online
    • Online
    API Support
    • NA
    • Available

    Reviews & Ratings

    User Rating
    3/5 2 user ratings
    4/5 1 user ratings
    Rating Distribution
    • Excellent

      0%
    • Very Good

      0%
    • Average

      100%
    • Poor

      0%
    • Terrible

      0%
    • Excellent

      0%
    • Very Good

      100%
    • Average

      0%
    • Poor

      0%
    • Terrible

      0%
      Read All User Reviews Read All User Reviews

    AI-Generated from the text of User Reviews

    Pricing

    Pricing Options
    • Free Trial Not Available
    • Offers Custom plan.
    • Free Trial Available
    • Starts at $49.00. Offers Free-forever plan.
    Pricing Plans
    Monthly Plans Annual Plans

    OpenClose Lending Solution Custom

    Finmo Basic Free

    Finmo Pro + Lender Spotlight Platinum $49.00 $49.00 per month

     
    View Detailed Pricing
    View Detailed Pricing

    Screenshots & Videos

    Videos Not Available Video Thumbnail
    + 1 More

    Vendor information

    Company Details Located in: West Palm Beach, Florida Located in: Vancouver, Canada
    Contact Details

    (561) 655-6418

    https://www.openclose.com/loan-origination-software/

    Not available

    https://www.lendesk.com/

    Social Media Handles

    Not available

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