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Open Solutions partners with Mortgagebot
MEQUON, Wis. and GLASTONBURY, Conn. (3/31/08)--Mortgagebot LLC and Open Solutions have announced a strategic referral partnership. Under the terms of the new agreement, Glastonbury, Conn.-based Open Solutions will recommend Mequon, Wis.-based Mortgagebot’s consumer-direct, Web-based loan origination systems to its clients and prospects (TMCnet March 27). Open Solutions is a provider of integrated enabling technologies for financial service providers in the U.S., Canada and international markets. The partnership provides Open Solutions’ clients with another option to choose from when looking for Web-based software tools that can be used to access the growing online mortgage channel. Surveys show that in some markets, as many as 25% of all lenders are now originating more than half of their loan volume online.


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