Avner Ziv

WEST PALM BEACH, Fla., July 11, 2019 (SEND2PRESS NEWSWIRE) — OpenClose®, an industry-leading multi-channel mortgage origination system (LOS) and digital mortgage fintech supplier, introduced the completion of an integration with Vice Capital Markets Inc., a longtime mortgage hedge advisory agency. Centered on maximizing hedging efficiencies, the brand new interface reduces the time to arrange and ship mortgage information and eliminates the guide intervention that happens right this moment, automating an ongoing seamless supply of information. As well as, mortgage sale information is straight boarded again to OpenClose, automating the ultimate mortgage reconciliation and anticipated versus precise variance evaluation.

The mixing takes loan-level lock information from OpenClose’s LenderAssist™ LOS and securely transmits it on to Vice Capital’s hedging platform. This eliminates a number of guide steps and potential “break-points” within the total course of thus saving time, lowering errors, and rising visibility that leads to optimized place administration.

“Our buyer success relies on velocity and accuracy, particularly because it pertains to efficient hedging and commerce administration methods,” mentioned Vince Furey, CRO at OpenClose. OpenClose is happy to associate with Vice Capital with the intention to assist our mutual clients maximize profitability and decrease danger within the secondary market. Utilizing this integration, our clients are in a position to function extra effectively in a fast-moving, tech-driven lending panorama.”

“The much less work our clients must do, the higher it’s for all events concerned,” says Chris Bennett, principal at Vice Capital Markets Inc. “When lenders carry out a bodily allocation of their loans, all of that information is now pulled straight from OpenClose’s LOS, which accompanies numerous efficiencies that make the complete course of faster, simpler and extra correct.”

About OpenClose:

Based in 1999 and headquartered in West Palm Seaside, Florida, OpenClose® is a number one enterprise-class, multi-channel mortgage origination system (LOS), POS digital mortgage and fintech supplier that affordably delivers its digital platform on a software-as-a-service (SaaS) foundation. The corporate supplies quite a lot of progressive, 100 % web-based options for lenders, banks, credit score unions, and conduit aggregators. OpenClose’s core answer, LenderAssist™, is complete mortgage origination software program that’s utterly engineered by OpenClose utilizing the identical code base from the bottom up. The corporate presents a RESTful API suite that standardizes system-to-system integrations, making them simpler to develop, faster to implement and more economical. OpenClose supplies lending organizations with full management of their information and creates a really seamless workflow for full automation and compliance adherence. For extra data, go to https://www.openclose.com/ or name (561) 655-6418.

About Vice Capital Markets:

Coming into its 20th 12 months in enterprise, Vice Capital Markets presents full hedge advisory, reporting, and buying and selling providers to banks and mortgage corporations all through the nation. Buying and selling over $70 billion yearly, Vice Capital’s proprietary risk-management fashions and complicated investor and company greatest execution platform have persistently yielded secure and efficient revenue maximization for its shoppers. Study extra at https://www.vicecapitalmarkets.com/ or name (248) 869-8100.

Media Contact:
Joe Bowerbank
Profundity Communications, Inc.
[email protected]

Twitter: @openclosesocial #OpenClose #ViceCapitalMarkets #SecondaryMarketingAutomation #WesternSecondary

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Information Supply: OpenClose