7.9
SpotScore
OpenClose Lending Solution Review: Is It The Right Loan Origination Software For Your Team?
Best for SMB teams · Mid-market · Enterprise
SOC 2Overview
Features
Buyer feedback
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What is OpenClose Lending Solution?
OpenClose Loan Origination software helps lenders and mortgage brokers manage their operations while providing a smooth experience for their customers. With OpenClose, borrowers can apply in minutes using secure and dynamic forms, see exactly what their rate will be before they apply, find the loan with the best fit for their situation, and close on time.
Best For
Suited for solo users, small teams, SMBs, and enterprise
Security & Compliance
SOC 2Data residency:🇺🇸
OpenClose Lending Solution was reviewed internally using user feedback, in-house testing, and market research to assess its performance, reliability, and user experience. Learn how we review products and our evaluation process.
Who should consider OpenClose Lending Solution
- Team types
- Large Enterprises, Medium Business
Why teams choose OpenClose Lending Solution
Fast and user-friendly application process
Dynamic forms enhance borrower experience
Focus on timely closings
Is OpenClose Lending Solution right for you?
What buyers should know before shortlisting OpenClose Lending Solution
OpenClose offers a user-friendly loan origination solution that simplifies the application process for borrowers. Its dynamic forms and fast processing capabilities enhance the customer experience.
OpenClose Lending Solution pros and cons
- OpenClose Lending Solution pros
Fast and user-friendly application process
Dynamic forms enhance borrower experience
Focus on timely closings
- OpenClose Lending Solution cons
Customization options may be limited
Basic reporting features
Ready to try it?
Get started with OpenClose Lending Solution
Connect with the team for a personalised demo.
Still comparing?
See how it stacks up
Compare OpenClose Lending Solution side-by-side with top Loan Origination Software alternatives.
What is the pricing of OpenClose Lending Solution?
OpenClose Lending Solution Pricing Plans
Weighing your options?
Not sure if OpenClose Lending Solution fits your budget?
OpenClose Lending Solution reviews and ratings
Buyer sentiment
Buyer sentiment is mixed across 2 reviews, so it is worth reviewing the tradeoffs closely.
What buyers like
- User-friendly application
- Fast processing
- Dynamic forms
Common complaints
- Limited customization options
- Basic reporting features
- Integration limitations
Are you using OpenClose Lending Solution?
What users are saying
MC
Michael C
04/06/22
"Doesn't play well with others"
What do you like best about OpenClose Lending Solution? Web based LOS is nice for easy access between devices. System is fairly easy to navigate and ...
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KH
Kirklyn H
09/26/18
"User friendly lending ERP."
What do you like best about OpenClose Lending Solution? Open Close is extremely user friendly and easy to move around in. I have found that by using ...
Read more
- See if OpenClose Lending Solution fits your business
- Real pricing — no sales pressure
- A demo or quick answers, your call
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What are the features of OpenClose Lending Solution?
An audit trail is a step-by-step sequential record that offers evidence of a financial transaction's documented history back to its source.…
Managers plan, coordinate, regulate, and lead operations that assure compliance with laws and standards through compliance management. It is…
A system or process for capturing, tracking and storing electronic documents such as PDFs, word processing files, and digital photographs of…
Workflow is a collection of tasks that work together to process a batch of data. A workflow encompasses everything from creating assets to i…
OpenClose Lending Solution security and data handling
Key compliance certifications and security features for IT and security teams evaluating OpenClose Lending Solution.
Certifications
Security features
Developer & data
Alternatives to OpenClose Lending Solution
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OpenClose Lending Solution Support Options
Frequently Asked Questions About OpenClose Lending Solution
Common questions buyers ask before choosing OpenClose Lending Solution.
OpenClose Lending Solution is a Loan Origination Software. OpenClose Lending Solution offers Audit Trail, Compliance Management, Workflow Management and many more functionalities.
Buyers commonly note the following limitations of OpenClose Lending Solution: Customization options may be limited; Basic reporting features; Integration with other systems can be challenging.
Some top alternatives to OpenClose Lending Solution includes Floify, Loan Producer, LendingPad, LenderAssist and StreamLoan.
OpenClose Lending Solution offers pricing model
The starting price is not disclosed by OpenClose Lending Solution. You can visit OpenClose Lending Solution pricing page to get the latest pricing.
Ready to try it?
Get started with OpenClose Lending Solution
Get connected with the team for a personalised demo.
About the reviewer
Rajat Gupta is the founder of Spotsaas. Over the past two years, he has reviewed 2,000+ tools across CRM, HR, AI, and finance — applying hands-on product research and a background in commerce and the CFA program to evaluate software through a business and ROI lens. His goal: help teams make software decisions they won't regret.
Disclaimer: This research has been collated from a variety of authoritative sources. We welcome your feedback at [email protected].