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OpenClose Recruits LOS Development Expert

LOSOpenClose [1], the Florida-headquartered mortgage fintech provider has announced the appointment of senior software LOS and mortgage software development expert Joseph Wade to its growing development team. Wade joins OpenClose from Finastra (formerly D+H). In a statement, OpenClose said that Wade will play an integral role in software innovation and enhancements.

“OpenClose is constantly advancing and adding new functionality to our suite of mortgage software solutions and Joseph’s extensive experience in the LOS space coupled with his rich development background will quickly add value,” stated Jason Regalbuto, CEO, and CTO at OpenClose. “We are excited about what Joseph brings to the table and how he can assist with our long-term software development strategy.”

At Finastra, Wade was key in the development efforts for its New Products Lending Team, rolling out a number of innovative solutions. He was also the manager of the MortgagebotLOS Development Team, where he was responsible for rapidly expanding the MortgagebotLOS platform, maintaining quality assurance, and spearheading the launch of multiple major releases for that system. After D+H acquired Finastra, Wade played a vital role in helping with the knowledge transfer and overall technology transfer.

OpenClose said that Wade has also been responsible for the successful rewrite of a point-of-sale system, migration to a multi-tenant architecture, transition to a single database structure, implementation of complex business rule logic, and overall performance optimization. He has a proven track record of successfully developing new solutions that focus on modern cloud-based architecture, leveraging robust APIs, and utilizing highly scalable coding practices. He holds a B.S. in Computer Science and an M.S. in Software Engineering from West Virginia University. His development prowess helped win a Best Innovation award for his team in 2017, which was selected for management evaluation out of over 200 projects worldwide.

Founded in 1999 OpenClose is an enterprise-class, multi-channel loan origination system (LOS) and fintech provider that delivers its platform on a software-as-a-service (SaaS) basis.