As the mortgage industry shifts toward faster, digital-first experiences, cloud-native solutions like OpenClose are redefining how lenders and brokers manage the loan origination process. Known for its agility, configurability, and all-in-one capabilities, OpenClose delivers a powerful end-to-end Loan Origination Software (LOS) platform designed for today’s dynamic lending environment.
🧭 What is OpenClose?
OpenClose Software is a 100% web-based, SaaS (Software as a Service) LOS platform offering a fully integrated suite of tools for the entire loan lifecycle — from point-of-sale (POS) through processing, underwriting, closing, and secondary marketing.
Unlike many legacy systems, OpenClose was built in the cloud from the ground up, offering true flexibility, faster deployment, and easier updates. It’s particularly well-regarded for its highly configurable workflows, strong compliance tools, and ability to support both retail and wholesale lending models.
💼 Who Uses OpenClose?
✅ Mid-to-Large Lenders
Scalable infrastructure and secondary market tools make it a strong fit for lenders with growing pipelines.
✅ Credit Unions & Banks
Customizable compliance and reporting options suit regulated financial institutions.
✅ Fintechs & Digital Lenders
OpenClose’s modular design and API ecosystem appeal to tech-forward organizations.
🛠️ Core Features of OpenClose
- True Cloud-Based LOS
Access your full lending suite anytime, anywhere — no servers required. - Configurable Workflows
Customize stages, roles, forms, and approvals to match your business model. - Integrated POS Platform
Offers borrower-friendly front-end portals for applications, document uploads, and real-time updates. - Automated Disclosures & Compliance Tools
Built-in compliance engine to handle TRID, HMDA, and other regulatory needs. - Credit, AUS, Title & eSign Integrations
One-click access to third-party services for a seamless lending workflow. - Secondary Marketing Automation
Lock desk management, investor delivery, and loan pricing optimization tools included.
🔄 What Makes OpenClose Stand Out?
- Rapid Implementation: Go live in weeks, not months
- Highly Configurable: Tailor almost every aspect without heavy development
- End-to-End Workflow: No need to patch together multiple systems
- Strong Partner Ecosystem: Compatible with hundreds of mortgage tech vendors
- Enterprise-Grade Support: Designed for high-volume and regulated lending operations
⚖️ Strengths & Considerations
✅ Strengths:
- 100% browser-based (no software installations)
- Real-time updates and version control
- Designed to grow with your organization
- Strong support for both retail and wholesale channels
⚠️ Considerations:
- May require internal training for full customization capabilities
- Pricing may vary based on scale and deployment model
- Best suited for teams ready to embrace a full digital LOS
📌 Final Thoughts
OpenClose is an agile, scalable, and highly capable Loan Origination Software platform for lenders looking to digitally transform their operations. Its cloud-native foundation, robust integrations, and all-in-one architecture make it an ideal choice for lenders seeking speed, compliance, and long-term flexibility.
🔍 Explore more LOS solutions on LoanOriginationDirectory.com
Browse our full brand series to compare platforms, features, and fit — and make informed decisions for your lending tech stack.