OpenClose Solutions, developers of Web-based, end-to-end mortgage lending software, has partnered with Costa Mesa, Calif.-based MeridianLink to interface the company's MortgageCreditLink with OpenClose's loan origination software, OpenClose.
MeridianLink and OpenClose will enable brokers and wholesale lenders to request and access credit information from any Internet connection and deliver merged credit reports from more than 50 credit reporting agencies, shortening the pre-qualification process.
Through this arrangement, wholesale lenders and brokers can have access to the same credit data, enabling them to make more sound underwriting decisions, along with faster pricing and qualification, the companies state.
Sources: MeridianLink, OpenClose