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OpenClose Lending Solution Reviews & Product Details

OpenClose Lending Solution Overview

What is OpenClose Lending Solution?

OpenClose is web-based mortgage software with tools for creating, uploading, and managing digital loan folders with origination forms, disclosures, underwriting and credit responses and any digital file.

OpenClose Lending Solution Details
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Product Description

OpenClose is web-based mortgage software with tools for creating, uploading, and managing digital loan folders with origination forms, disclosures, underwriting and credit responses and any digital file.


Seller Details
Seller
OpenClose
Year Founded
1999
HQ Location
West Palm Beach, FL
Twitter
@OpenClose_LOS
140 Twitter followers
LinkedIn® Page
www.linkedin.com
50 employees on LinkedIn®

Recent OpenClose Lending Solution Reviews

Michael C.
MC
Michael C.Mid-Market (51-1000 emp.)
2.5 out of 5
"Doesn't play well with others"
Web based LOS is nice for easy access between devices. System is fairly easy to navigate and input information.
KH
Kirklyn H.Small-Business (50 or fewer emp.)
3.0 out of 5
"User friendly lending ERP."
Open Close is extremely user friendly and easy to move around in. I have found that by using the Loan Actions tab you can move anywhere through out...
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OpenClose Lending Solution Media

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2 OpenClose Lending Solution Reviews

2.8 out of 5
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2 OpenClose Lending Solution Reviews
2.8 out of 5
2 OpenClose Lending Solution Reviews
2.8 out of 5
G2 reviews are authentic and verified.
Michael C.
MC
Onboarding and Technology Manager
Mid-Market(51-1000 emp.)
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Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about OpenClose Lending Solution?

Web based LOS is nice for easy access between devices. System is fairly easy to navigate and input information. Review collected by and hosted on G2.com.

What do you dislike about OpenClose Lending Solution?

Constant errors or issues with multiple aspects including Product selection, running credit or DO,DU, and LPA.

Does not integrate well with others and its own components don't match up. Doesn't integrate with floify like Encompass and Lending Pad. Decision Assist is inferior to Optimal Blue but can not be bypass when using OB.

Constant errors and issues that require OC intervention to fix usually holding up applications and progress. Review collected by and hosted on G2.com.

What problems is OpenClose Lending Solution solving and how is that benefiting you?

It is our LOS and is used to create and submit loan applications. Nothing special or unique that makes it a better solution than other LOS applications. Issues with integrations create problems with milestones and updates to borrowers and partners on other systems. Review collected by and hosted on G2.com.

KH
Small-Business(50 or fewer emp.)
More Options
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review
What do you like best about OpenClose Lending Solution?

Open Close is extremely user friendly and easy to move around in. I have found that by using the Loan Actions tab you can move anywhere through out the loan, this makes it easy when doing submissions. Review collected by and hosted on G2.com.

What do you dislike about OpenClose Lending Solution?

The one thing I would have to say that I dislike about Open Close is that when doing submissions there are little things withing the loan (like certain check boxes) that have to be checked or an error message will continue to occur. Review collected by and hosted on G2.com.

What problems is OpenClose Lending Solution solving and how is that benefiting you?

I use this to upload loan files and submit them. Review collected by and hosted on G2.com.

There are not enough reviews of OpenClose Lending Solution for G2 to provide buying insight. Below are some alternatives with more reviews:

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