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OpenClose Memberclose offer mortgage software for CUs
WEST PALM BEACH, Fla. (5/15/09)--OpenClose Mortgage Software, a developer of Web-based, end-to-end, loan origination software, announced Thursday that it has partnered with MemberClose to promote its new MemberAssist credit union software in the Northeast. MemberClose, a service of Marlborough, Mass.-based Members Insurance Agency LLC, provides Web-based, bundled settlement solutions for credit union mortgage and equity loans. Through its partnership with OpenClose, MemberClose will offer a suite of mortgage services creating one integrated system from marketing loans to post-closing support. MemberClose’s settlement services will pull loan data directly from MemberAssist and allow credit unions to determine what services they need to complete the loan on a case-by-case basis. These services include credit reporting, appraisal services, title insurance and document preparations. MemberAssist includes a member-facing mortgage website that integrates with credit union software and an existing website. It provides 24/7 access to a credit union’s mortgage programs plus educational sources--including calculators, newsletter articles, and other reference material. Credit union members can browse products and rates, request more information, complete a “Quick App” and fill out a complete 1003 mortgage application. The new MemberAssist product fully integrates with OpenClose’s new AssistSeries, a recently released suite of mortgage products, allowing credit unions to add-on additional features to build an enterprise level, full mortgage solution. Additional services such as credit reporting, appraisal services, title insurance and document preparations can also be added.


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