WEST PALM BEACH, FL--(Marketwire - Mar 4, 2013) - OpenClose, developers of Web-based, end-to-end mortgage banking software, announced today that it has integrated with web-based mortgage document preparation system idsDoc. What makes this new interface so unique is the unprecedented advantage it offers mortgage bankers and lenders 100% web-based solutions without increasing a lender's service fee. It allows for all customizations, audits, reports and other value-added resources included in idsDoc.
Now seamlessly integrated with OpenClose's loan origination software, idsDoc provides mortgage lenders with access to fully-compliant, initial and closing documents that meet Federal, State and Investor specific requirements. Through the idsDoc integration, all forms are kept up to date by the IDS internal compliance department. Additionally, idsDoc can perform a compliance check called ComplianceAnalizer, powered by ComplianceEase®, a multi-jurisdictional review that is updated constantly. This gives lenders a final check after all changes have been made to the loan.
"Above and beyond other LOS interfaces, the OpenClose interface is built in modern (.NET) technology supported by mature service over sales approach to delivery which provides unparalleled interchange, allowing for all customizations, audits, reports and other value added resources included in idsDoc," says Bill Mitchell, vice president of business development, OpenClose. "And it does this all within OpenClose which prides itself on its easy-to-use interface and a completely web-based system."
"We feel particularly excited about the integration with OpenClose as it shares our vision for the completely web-based lending process," said Mark Mackey, executive vice president at IDS. "Compliant disclosures and closing documents have never been more reliable or easy for mortgage lenders."
About IDS Inc.
IDS, founded in 1986 in Salt Lake City, Utah, is a nationwide provider of mortgage documents and compliance. IDS services include closing documents, initial disclosures and fulfillment. The IDS flagship doc prep solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs. IDS backs the system with award-winning customer service, cutting-edge technology, compliance and document guarantees and a solid compliance team. Lenders looking to move forward when it comes to doc prep can visit the IDS website at www.idsdoc.com or call 800.554.1872
OpenClose® is a pioneer of Software as a Service (SaaS) computing solutions for the financial industry since 1999. OpenClose, built in modern (.NET) technology is supported by mature, service-over-sales approach delivery. It provides a variety of Web-based solutions for credit unions, banks, and mortgage lenders from loan origination software, loan pricing, website design and social media marketing. In 2010, the company released OpenClose Social: the first online social media management solution for credit unions, banks, and mortgage lenders. For more information about loan origination systems, visit OpenClose at http://openclose.com/industries/lending/los.aspx. You can also follow OpenClose @OpenCloseSocial