River Funding Selects OpenClose To Automate Lending

West Salem, Wis.-based wholesale lender River Funding Corp. has selected OpenClose, a single-source-code, end-to-end automated mortgage system from OpenClose Solutions, to provide comprehensive loan processing.

According to OpenClose Solutions, River Funding chose the loan origination software because it creates a single loan database that creates, processes and tracks a loan application from open to close. Key features cited by the lender include a robust banking operations core, condition writing, search and support for underwriting, closing, post-closing, secondary marketing, funding, shipping and reporting.

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