OpenClose Adds Automated Rate Sheet Generator To Its PPE

Mortgage origination software firm OpenClose has added a rate sheet generator to its product and pricing engine (PPE), DecisionAssist.

The new functionality quickly and efficiently automates rate sheet creation for timely distribution to branches and originators, the company says in a press release. It also runs real-time best execution.

The rate sheet generator empowers lenders with straightforward point-and-click capability to set up programs and map products themselves without OpenClose assistance. Lenders are also able to add or remove investors as needed, and investor programs can be white-labeled or displayed, depending on lender preferences.

DecisionAssist keeps pricing up to date in real time to ensure that all loans are priced with precision-based accuracy. Best execution can be run on all investor products simultaneously, which appears on a single screen for ease of viewing and comparison.

“OpenClose’s rate sheet generator has taken a huge, time-consuming burden off of our plate by completely automating the process for us,” said Kevin Marconi, chief operating officer for United Fidelity Funding. “It has saved us a great deal of time, we know our pricing is always current and accurate, and we can run best x in real time. Our branches and originators absolutely love it.”


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