OpenClose - Mortgage Technology Experts

Founded in 1999 as Beanstalk Networks, OpenClose was an early developer of mortgage software as a service (SaaS). We chose the mortgage industry as our sole focus, because we are mortgage lenders looking for a better way to do business with better mortgage technology. Later as OpenClose, we blazed the trail in the online wholesale web portal arena. We hired more mortgage bankers to maintain our loan pricing engine, DecisionAssist in 2006. Then last year, we purchased LION MTS and integrated its mortgage broker loan search, mortgage websites, and productivity tools into our core OpenClose platform.

We provide only ASP solutions because it's the most secure option. All of your data is secured in stateside data centers designed to protect the information in any emergency scenario. Depositors keep their most valuable possessions in a bank vault; shouldn't banks keep their valuable data in secure, state-of-the-art datacenters? We operate in two industry-leading hosting facility, and collocate in a third SAS70 certified site for those clients who require it. Servers provide maximum safety measures that include:

• Mirrored data storage
• Managed firewalls
• Intrusion detection
• Safeguards against natural disasters, hardware downtime and power interruptions
• Encrypted access codes and passwords l Multi-level framework
• N+1 redundancy on all systems
• 24/7/365 monitoring and backup services l Dedicated private connections to all credit bureaus
• An automatic IP lockout feature
• Secure socket layer (SSL) 128-bit encryption.

Today, OpenClose continues to develop an innovative and flexible mortgage software solution that allows our customers to add components to their business as it grows while still preserving their initial investment well into the future. “They” said an end-to-end online solution could not be done – so we did it. We are Web-based mortgage visionaries that didn't just survive the mortgage meltdown, we thrived.

All of our clients are US based mortgage lenders and mortgage brokers so 100% of our mortgage applications are developed here in the U.S. We speak your language – literally. And all of our developers are employed full-time that means there's no finger pointing.