Mortgage software firm OpenClose has launched DecisionAssist Mobile for Originators, a new app that instantly returns product and pricing decisions for both agency and non-agency programs.
The new mobile app provides fingertip access to the company’s proprietary Web-based product and pricing engine (PPE). As such, it enables originators to quickly and efficiently compare eligible products and pricing and deliver the results directly to their borrowers from anywhere at any time via any mobile device.
Retail originators, wholesale brokers and correspondent sellers can instantly quote multiple loan products for a specific loan scenario on-the-fly and immediately email the borrower comparative details, the company says in a release.
An email summary of the quoted prices is simultaneously returned to the originator to follow up with the borrower. The result is faster service, convenience, greater transparency, reduced cycle times and increased pull-through rates.
“As an industry leader in the digital mortgage space, one of the key things we focused on when developing DecisionAssist Mobile was speed and ease of use for the originator,” says Gordon Frigaard, director of PPE technologies at OpenClose. “A common complaint we hear is that many mobile apps are difficult to work with and require too many data points to input. DecisionAssist Mobile, however, makes it quick and simple for salespeople to deliver borrowers detailed product and pricing answers while on the go.”
OpenClose’s DecisionAssist PPE is leveraged by direct lenders, investors and portfolio lenders. It can be used with OpenClose’s LenderAssist loan origination system or as a standalone Web-based solution.
It also integrates seamlessly with DU and LP for full automated underwriting capability on agency products.
OpenClose employs a team of mortgage specialists who maintain an extensive library of up-to-date investor guidelines and pricing on a daily basis to ensure accurate decisioning results are returned.
Custom non-agency programs are also fully configured and completely maintained by OpenClose for lending entities. In addition, custom rate creation can be automated for timely distribution to branches, originators, brokers and sellers.