OpenClose LOS Creates Transparency, Control in Secondary Marketing

More and more lenders are taking advantage of OpenClose's LenderAssist loan origination system (LOS) to gain greater insight into the secondary market, the Florida-based company announced.

Using LenderAssist, secondary marketing personnel can view real-time pricing, adjustments, locks, and more all from a single screen, starting at the point of origination. When changes occur with a loan, those users also have access to the same audit screen that underwriters use, ensuring updated and compliant loans.

"The degree of transparency that our secondary marketing features provide lowers risk, increases profitability and leads to greater investor confidence," said OpenClose president J.P. Kelly. "Our clients report that the visibility they capture in a single screen view creates newfound efficiencies to manage the secondary marketing process. We completely remove guesswork and communication hold ups."

The browser-based LenderAssist includes features for all aspects of lending, including origination, processing, underwriting, closing, funding, secondary marketing, accounting, reporting through post-closing, and interim servicing, creating a seamless and compliant workflow, the company says.