News & PressArticle

10/24/2016

Mortgage Peer Network and OpenClose Forge Relationship to Help Lenders Operate More Efficiently, Generate New Business and Provide an Exceptional Customer Experience

NORTH LITTLE ROCK, Ark., Oct. 24, 2016Mortgage Peer Network has joined forces with OpenClose, a multi-channel loan origination system (LOS) provider, to help lenders generate new business, deliver an exceptional customer experience while helping lenders operate more efficiently and intelligently through peer-based performance analysis and benchmarking.

The mortgage industry has seen origination costs jump dramatically over the last three years. Lenders need better tools and a better strategy to reduce costs and drive new business in the future. Mortgage Peer Network provides lenders with valuable operational insights by providing peer-based benchmark analyses that are correlated with consumer feedback and performance metrics. As a result, lenders produce more top-line revenue while operating more efficiently.

“By combining peer-based benchmark analysis and milestone-based consumer feedback, lenders are able to accurately measure and understand their performance while delivering a consistently high-quality experience for their borrowers,” said Dave Demster, managing partner of Mortgage Peer Network. “OpenClose customers can join Mortgage Peer Network with minimal setup and no integration effort. Mortgage Peer Network effectively becomes a high-value extension of OpenClose’s overall LOS value proposition.”

“At OpenClose, we have a goal of providing the most robust LOS solution in the marketplace. Through the relationship with Mortgage Peer Network, our customers now have the option to take advantage of its solution to help them generate new business through social media as well as delivering a superior customer experience,” said J.P. Kelly, president of OpenClose. “Mortgage Peer Network is a solution that will benefit lenders of all sizes.”

About Mortgage Peer Network
Mortgage Peer Network (www.mtgpeer.com) is a sister company to Precision Risk Management Systems, Inc., a leading provider of Mortgage Business Intelligence Solutions and Pipeline Risk Management solutions. Mortgage Peer Network was designed to deliver real innovation to the lending industry and was selected in 2016 to participate in the VC FinTech Accelerator Program powered by FIS, for emerging financial technology companies.

About OpenClose
Founded in 1999 and headquartered in Palm Beach, Florida, OpenCloseâ„¢ is a leading end-to-end loan origination system (LOS) provider that delivers its platform on a software-as-a-service (SaaS) basis. The company provides a variety of browser-based lending automation solutions for lenders, banks and credit unions of all sizes. OpenClose’s LOS is completely engineered by the same company, thus avoiding assembling best-of-breed applications or acquiring technologies in an effort to create an end-to-end platform. The company focuses on providing lending organizations with full control of their data and creating a truly seamless workflow for comprehensive automation and compliance adherence. For more information, visit www.openclose.com or call (561) 655-6418.

MEDIA CONTACT:
Mortgage Peer Network, LLC
Dave Demster, Managing Partner
770-329-9773
davedemster@mtgpeer.com

Profundity Communications, Inc.
Joe Bowerbank
949-378-9685
jbowerbank@profunditymarketing.com