WEST PALM BEACH, Fla., March 19, 2015 (SEND2PRESS NEWSWIRE) -- OpenClose, an enterprise-class end-to-end loan origination system (LOS) provider, announced that it has been named to HousingWire magazine's second annual HWTECH 100(TM) list for 2015. HW TECH100 honors the 100 most innovative technology companies serving the U.S. mortgage finance and real estate industries.
HousingWire states that more than 250 companies were evaluated by HousingWire editors for the 2015 program, which looks at technology innovation along six different categories: uniqueness of solution, growth, market influence, market potential, elegance of implementation, and "something else entirely" - a catch-all for disruption and other factors that drive innovation.
"This year we were struck by the level of innovation we saw, with 40 new additions to the HW TECH100," stated Jacob Gaffney, executive editor at HousingWire. "That speaks to how much change is taking place in the mortgage industry overall right now; we're seeing a lot of market disruption, and technology providers are clearly taking advantage of the opportunity that creates."
OpenClose experienced significant growth over the course of the last year, signing several major clients, adding new staff, enhancing existing solutions, and completing some key software initiatives. Increasing demand for OpenClose's end-to-end LOS platform, correspondent and wholesale solutions were cited as the primary reasons for its growth.
"We're honored to again be recognized by HousingWire as one of the top technology vendors in the industry for our ongoing achievements," said JP Kelly, president of OpenClose. "Ultimately, we made the list as a result of our talented, dedicated staff members coupled with the strong relationships we have with our clients who help us constantly innovate and improve on our solutions."
"Technology is changing both the mortgage and real estate industries in tangible and positive ways," remarked Paul Jackson, publisher and CEO of HousingWire. "The honorees that are part of the 2015 HW TECH100 are shaping this revolution, helping forge the future of an industry that drives the U.S. economic engine."
HousingWire is the nation's most influential industry news source covering the U.S. housing economy, spanning residential mortgage lending, servicing, investments and real estate operations. Winner of numerous awards, including a 2012 Eddie Award for national editorial excellence in the B2B Banking/Business/Finance category, HousingWire has been recognized for excellence in journalism by the Society of Business Editors and Writers, the American Society of Business Press Editors, the National Association of Real Estate Editors, and Trade Association Business Publications International. Learn more at www.housingwire.com.
About the HW TECH100:
The HW TECH100(TM) highlights the housing economy's 100 most innovative technology companies, along six unique dimensions of innovation. The annual awards program is the only program of its kind to include technology serving both the U.S. residential real estate and U.S. residential mortgage industries. Learn more at http://tech100.housingwire.com.
Founded in 1999 and headquartered in Palm Beach, Florida, OpenClose(R) is a leading end-to-end loan origination system (LOS) provider that delivers its platform on a software-as-a-service basis. The company provides a variety of 100 percent browser-based solutions for lenders, banks and credit unions. OpenClose's LOS is completely engineered by the same company using the same code base from the ground up, thus avoiding the problems involved with assembling best-of-breed applications or acquiring disparate 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 http://www.openclose.com/ or call (561) 655-6418.
Profundity Communications, Inc.
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