OpenClose
Modernize Mortgage Lending With MeridianLink.
Overview
OpenClose, now part of MeridianLink, offers a comprehensive, 100% browser-based loan origination software suite. It combines a digital Point-of-Sale (POS), Loan Origination System (LOS), Product and Pricing Engine (PPE), and Business Intelligence (BI) into a single, unified platform, aiming to reduce costs and accelerate closing times for banks, credit unions, and lenders.
✨ Key Features
- End-to-end, 100% browser-based LOS (LenderAssist)
- Omni-channel digital POS (ConsumerAssist)
- Integrated Product & Pricing Engine (DecisionAssist)
- Business Intelligence and reporting tools
- Multi-channel support (retail, wholesale, correspondent)
- Restful API for integrations
🎯 Key Differentiators
- True single-source, end-to-end platform (LOS, POS, PPE)
- 100% browser-based, requiring no client-side installation
- Omni-channel capabilities from one system
Unique Value: Offers a truly unified, end-to-end lending platform that simplifies the tech stack, reduces integration complexities, and lowers the total cost of ownership for lenders.
🎯 Use Cases (3)
✅ Best For
- Helps lenders reduce the cost to manufacture loans by up to 40% and cut cycle times by up to 50%.
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Companies looking for a simple, standalone mobile POS app.
🏆 Alternatives
Provides a more seamless and integrated experience by combining LOS, POS, and PPE in one system, unlike competitors that often require complex integrations between different vendors.
💻 Platforms
🔌 Integrations
🛟 Support Options
- ✓ Email Support
- ✓ Phone Support
- ✓ Dedicated Support (All tier)
🔒 Compliance & Security
💰 Pricing
🔄 Similar Tools in Home Equity
MeridianLink
Provides a cloud-based platform for digital lending and account opening for financial institutions....
SimpleNexus (nCino Mortgage Suite)
A mobile-first digital mortgage platform for lenders, borrowers, and real estate agents....
TurnKey Lender
An end-to-end lending automation platform that uses AI for credit scoring and decisioning....
LendingPad
A cloud-based mortgage loan origination system (LOS) for brokers, lenders, banks, and credit unions....
Roostify
A digital lending platform that streamlines the home lending process for banks and mortgage lenders....
Finastra
A global financial technology company offering a wide portfolio of software solutions for the financ...