Magazine article Mortgage Banking

Atlantic Coast Mortgage Group Selects OpenClose Solutions

Magazine article Mortgage Banking

Atlantic Coast Mortgage Group Selects OpenClose Solutions

Article excerpt

West Palm Beach, Florida-based OpenClose Solutions announced in June that Fort Lauderdale, Florida-based startup lender Atlantic Coast Mortgage Group has selected OpenClose--a Web-based, end-to-end automated mortgage system--for loan processing.

After transitioning from a mortgage brokerage to a mortgage banking company, Atlantic Coast Mortgage determined it needed a loan origination system (LOS) designed for lenders, and that provided a true end-to-end system that accepted both branch and broker originations, explained Howard Levine, president of Atlantic Coast Mortgage.

"OpenClose provided the best solution because it is a complete system, with a hassle-free price," said Levine. "Most of their competitors tried to charge for extra add-ons, but OpenClose prices the system as one package with all its features available."

OpenClose offered Atlantic Coast Mortgage one system to automate every key front and back-end operation, including support for underwriting, closing, post-closing, secondary marketing, funding, shipping and reporting, according to Jason Regalbuto, president of OpenClose.

"We're here to help lenders of all sizes maximize their current business as well as avenues for new originations," said Regalbuto. …

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