Nashville, Tenn.-based Acopia Capital Group has selected OpenClose, a single-source-code, end-to-end automated mortgage system from West Palm Beach, Fla.-based OpenClose Solutions.
According to OpenClose Solutions, Acopia chose the loan origination system because it provided the start-up wholesale lender with a flexible and complete end-to-end technology that could grow with the company. Acopia is currently operating in the Southeast but expects to be licensed in 20 states by March.
‘With many lenders closing shop, now is a favorable time to open a new lending company that does not have the legacy issues of the past,’ says Brant Phillips, executive vice president of operations for Acopia Capital Group.