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
- Truly end-to-end single platform (POS, LOS, PPE, BI)
- 100% web-based, requiring no client-side installation
- Pioneered the SaaS model for lending automation
Unique Value: Delivers a complete, end-to-end mortgage lending platform in a single, browser-based solution, simplifying integrations and reducing costs.
🎯 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
Offers a more unified and consolidated platform compared to competitors that often require cobbling together multiple different systems (POS, LOS, PPE) from various vendors.
💻 Platforms
🔌 Integrations
🛟 Support Options
- ✓ Email Support
- ✓ Phone Support
- ✓ Dedicated Support (All tier)
🔒 Compliance & Security
💰 Pricing
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