OpenClose Mortgage Technology Solutions (A MeridianLink Company) is a fintech provider specializing in cloud-based mortgage software, designed to automate and streamline the loan origination process for mortgage lenders, banks, and credit unions. OpenClose offers a comprehensive, browser-based loan origination software (LOS) suite that brings together digital point-of-sale (POS), LOS, product and pricing engine (PPE), and business intelligence (BI) tools within a single unified platform.
The platform was originally launched in 1999 as the mortgage industry’s first SaaS-based lending automation software. Today, OpenClose’s solution is recognized for helping lenders reduce the cost to manufacture loans by up to 40% and cut processing and underwriting cycle times by up to 50%. Its 100% browser-based design allows users to access and manage workflows from any device, requiring minimal IT support for installation and maintenance.
OpenClose also offers OpenClose Social, a social media marketing management tool tailored for mortgage professionals. This tool enables users to efficiently monitor competitors, measure consumer sentiment, publish updates across social channels, and convert online engagement into measurable leads and ROI—all managed by a single user interface.
What Makes OpenClose Mortgage Technology Solutions Unique?
OpenClose is one of the only vendors in the mortgage software space to provide a true end-to-end, omni-channel, workflow-driven platform that consolidates multiple core mortgage functions (POS, LOS, PPE, and BI) into a single system. This approach helps institutions simplify tech stacks, streamline operations, and improve customer experience.
Who Uses OpenClose Mortgage Technology Solutions?
OpenClose primarily serves mortgage lenders, banks, credit unions, and other financial institutions seeking to modernize and automate their loan origination processes. While specific customer names are not publicly listed, the platform is designed to support organizations seeking scalable, secure, and cost-efficient mortgage technology solutions.
Leadership Team at OpenClose
OpenClose’s executive team brings together industry veterans with expertise in SaaS, fintech, and mortgage banking technology. Key leaders include:
- Nicolaas Vlok, Chief Executive Officer
- Larry Katz, President
- Elias Olmeta, Chief Financial Officer
- Nathaniel Barnes, Chief Technology Officer
- Kayla Dailey, General Counsel and Secretary
- Dean Germeyer, Chief Customer Officer
- Devesh Khare, Chief Product Officer
- Timothy Nguyen, Chief Strategy Officer
- Elizabeth Rieveley, Chief People Officer
- Richard Scheig, Chief Revenue Officer
For more company details, visit the MeridianLink About page.
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