OpenClose Adds AFR’s Flood Services to its LOS

OpenClose, a multi-channel loan origination system (LOS) and mortgage software solutions provider, is partnering with AFR Services (AFR) to enable customers to access the company’s complete suite of flood services.

As a result of a seamless interface, users of OpenClose’s LenderAssist LOS can order AFR’s various flood services without leaving the LenderAssist UI.

AFR is a nationwide full-service risk management company serving mortgage lenders and insurance agencies, as well as consumers. The company has expertise in hazard and flood insurance solutions: tracking and notification systems, lender-placed insurance, commercial flood insurance, residential flood insurance and flood zone determination services.

AFR is also a Lloyd’s cover holder for private flood insurance.

By way of this integration, all data needed to obtain flood certificates is auto-populated from AFR into LenderAssist, OpenClose says in a release.

This eliminates the need to leave the application, place orders on AFR’s website and then re-key information back into the loan file. As a result, time is saved, errors are reduced, accuracy is enhanced and the overall ordering process becomes more efficient, the company claims.

In related news, OpenClose recently announced that it has hired four senior developers to help build new products and enhance existing solutions.

Gary Meink was recruited from D+H and Mortgagebot, where he spent more than 11 years working to help build out and enhance various components of the LOS and point-of-sale solutions. He has extensive industry experience working at a number of different mortgage technology firms that are integrated with the OpenClose platform.

Beau D’Amore previously worked as a .NET engineer at RADIAL (formerly eBay Enterprises), a provider of omni-channel e-commerce technology and operations solutions. D’Amore holds broad experience working with leading-edge, highly contemporary technology both as a software developer and architect.

Jamal Waring previously served as a senior application developer at several multi-faceted organizations. Waring has a wide range of experience working with different programming languages, software engineering tools, mobile technologies and product development. In particular, he has been the lead architect and developer on numerous projects for custom built back-office systems, front-end applications, web portals, complex workflows, process automation, data analytics, reporting and more.

In addition, Christopher Price has vast experience as a highly skilled software engineer, with an emphasis in security and enterprise development. He is well-versed in SaaS and cloud architecture and development, as well as responsive front-end design. Price has worked on many large-scale projects involving tightening security levels and vulnerability prevention, taking the lead role in project planning and software development.

All four new hires will work on the LenderAssist LOS as well as other modular mortgage software solutions offered by OpenClose to mortgage bankers, credit unions, banks, conduit aggregators and other lending entities, the firm says in a separate release.

Earlier this year, OpenClose reported an unprecedented 30% growth rate from 2015 to 2016.

The company reports that it is currently on track to have another impressive year in 2017.


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