Fort Lauderdale, Fla.-based start-up lender Atlantic Coast Mortgage Group has selected OpenClose, a Web-based, end-to-end automated mortgage system, for its loan processing.
After transitioning from a brokerage to a mortgage banking company, Atlantic Coast Mortgage determined it needed a loan origination software designed for lenders that provided a true end-to-end system that accepted both branch and broker originations. OpenClose offered Atlantic Coast Mortgage one system to automate every key front-end and back-end operation, including support for underwriting, closing, post-closing, secondary marketing, funding, shipping and reporting.
‘OpenClose provided the best solution because it is a complete system, with a hassle-free price,’ says Howard Levine, president of Atlantic Coast Mortgage. ‘Most of their competitors tried to charge for extra add-ons, but OpenClose prices the system as one package with all its features available.’
Levine also cites the system's Web environment, private labeling and benefits to a small staff as key factors in their decision. OpenClose's Web-based software enables Atlantic Coast Mortgage to originate and process loans from any location, including home-based staff. OpenClose also helps the company's growing staff streamline the loan process, which helps clients close loans more quickly and accurately, the company says.
Source: OpenClose