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What is OpenClose?

Regardless of whether your operation is handling 50 loans monthly or an impressive 5,000, our Loan Origination System (LOS) along with its mobile app equips Loan Officers to enhance efficiency while reducing costs. With OpenClose, you can make informed choices and quicken your closing timelines! The OpenClose LOS, referred to as LenderAssist™, adeptly addresses the challenges that banks, credit unions, and mortgage lenders encounter with other loan origination systems available today. Consequently, an increasing number of financial institutions are choosing OpenClose at an unprecedented rate. Recognizing the tough environment of profit limitations and strict regulations in which you function, OpenClose delivers a mortgage LOS that helps you maneuver through these challenges and attain impressive returns on investment. This insight inspired us to create our software as a fully browser-based, all-encompassing, omnichannel solution that not only simplifies workflows but also improves user experience, allowing you to concentrate on what truly matters—effectively serving your clients. By prioritizing user needs, we ensure that our system remains adaptable to the evolving demands of the financial sector.

What is BusinessBANKER?

BusinessBANKER, developed by Cognitive Group, is a flexible and cloud-based Loan Origination Solution that enables lenders to efficiently oversee documents, collaterals, risk assessments, workflows, and compliance measures. It streamlines the commercial loan journey from the initial application to the final closing phase. By utilizing a one-screen system founded on a distinct scientific cognitive methodology and AI-enhanced automations, BusinessBANKER enhances employee productivity significantly. The platform features customizable interfaces tailored for branch staff, mobile users, and web-based self-service options, allowing users to generate intricate credit applications in less than five minutes. The BusinessBANKER system is composed of five essential modules, which include the DIGITAL INTERFACE MANAGER, RISK MODEL MANAGER, DECISION ENGINE, WORKFLOW MANAGER, and CONFIGURATOR, and additional modules can also be incorporated as needed. This comprehensive approach ensures that all aspects of loan origination are efficiently managed and adaptable to the varying needs of lenders.

Media

Media

Integrations Supported

Amplitude
Charge-off Loan Tracker
CompenSafe
DocVu.AI
Docusign
Equifax BusinessConnect
Freshping
Kinective Bridge
Mambu
Microsoft Dynamics 365
Oracle API Management
Orion ERP
Plaid
Salesforce
Surefire CRM
Twilio

Integrations Supported

Amplitude
Charge-off Loan Tracker
CompenSafe
DocVu.AI
Docusign
Equifax BusinessConnect
Freshping
Kinective Bridge
Mambu
Microsoft Dynamics 365
Oracle API Management
Orion ERP
Plaid
Salesforce
Surefire CRM
Twilio

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

OpenClose

Date Founded

1999

Company Location

United States

Company Website

www.openclose.com

Company Facts

Organization Name

Cognitive Group

Date Founded

1995

Company Location

Canada

Company Website

cognitivegroup.com/products/

Categories and Features

Loan Origination

Amortization Schedule
Audit Trail
Closing Documents
Compliance Management
Customer Database
Digital Signature
Document Management
Fee Management
Loan Processing
Online Application

Loan Servicing

Accounting Management
Amortization Schedule
Application Management
Auto Loans
Automatic Funds Distribution
Business Loans
Collateral Tracking
Collections Management
Compliance Management
Construction Loans
Customer Database
Fee Management
Investor Management
Loan Processing
Student Loans

Mortgage and Loans

Amortization Schedule
Client Database
Closing Documents
Commercial Mortgages
Contact Management
Credit Reporting
Customer Statements
Document Management
Electronic Applications
Government Loans
Loan Origination
Loan Servicing
Pipeline Management
Pre-Qualification
Refinance Management
Residential Mortgages

Categories and Features

Loan Origination

Amortization Schedule
Audit Trail
Closing Documents
Compliance Management
Customer Database
Digital Signature
Document Management
Fee Management
Loan Processing
Online Application

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