About OpenClose
OpenClose is a company based in West Palm Beach (United States) founded in 1999 was acquired by MeridianLink in November 2022. OpenClose offers products and services including Loan Origination System (LOS), Mortgage LOS, Deposit Account Opening, and Data & Reporting. OpenClose operates in a competitive market with competitors including SimpleNexus, Roostify, Cloudvirga, BlueSage and Vesta, among others.
- Headquarter West Palm Beach, United States
- SectorsFinancial Services
- Website openclose.com
- Social LinkedIn X Facebook
- Acquired by MeridianLink (Nov 2022)
- Investors
- Acquired byMeridianLink
(Nov 2022)
Products & Services of OpenClose
OpenClose offers a comprehensive portfolio of products and services, including Loan Origination System (LOS), Mortgage LOS, Deposit Account Opening, and Data & Reporting.
SaaS software for efficient loan processing in financial institutions
Platform for integrated digital mortgage experiences and closing
System for quick and secure account opening processes
Tools to drive profitability through origination data analysis
Investors in OpenClose
OpenClose has secured backing from 1 investor. Prominent investors backing the company include MeridianLink.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Loan lifecycle management systems are provided for lenders and institutions. | 1998 | meridianlink.com | Costa Mesa, United States |
Investor details for OpenClose
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People of OpenClose
6 people are tracked at OpenClose (2 in leadership, 4 in team).
| Name | Role | Group |
|---|---|---|
Jason Regalbuto | CEO | Leadership |
Kenneth Ellis | Key Account Director | Leadership |
Shelby Rose | Software Automation Engineering Specialist | Team |
Juan Carlos Collado | Client Relations | Team |
Ross Koschmeder | Software Quality/data Analytics Specialist | Team |
Will Foy | Manager, Quality Engineering | Team |
Complete people profiles for OpenClose
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Timeline of OpenClose
2 dated milestones of OpenClose across 23 years, from founding to its latest funding, stage changes and deals.
- Founded OpenClose is founded.
- Exit Acquired by MeridianLink.
Competitors of OpenClose
OpenClose operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as SimpleNexus, Roostify, Cloudvirga, BlueSage and Vesta, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| simplenexus.com | 2011 | Draper, United States | $128M | 113 | Loan life cycle management platforms are developed for mortgage lenders. | |
| roostify.com | 2012 | Burlingame, United States | $61.71M | – | Digital loan origination solutions are provided for mortgage lenders. | |
| cloudvirga.com | 2015 | Irvine, United States | $100.51M | – | Cloud-based automation of mortgage lending processes is provided. | |
| bluesageusa.com | 2011 | Englewood Cliffs, United States | $35M | 128 | Cloud-based mortgage origination and customer engagement solutions are provided. | |
| vesta-sleep.com | 2020 | San Francisco, United States | – | – | Pillow and duvet cover products are provided by Vesta brand. | |
| acresoftware.com | 2018 | London, United Kingdom | $14.54M | 27 | Blockchain is applied to mortgage and insurance application processes. | |
| floify.com | 2012 | Boulder, United States | – | 43 | Mortgage borrower portals and dashboards are offered to financial institutions. | |
| lenderprice.com | 2015 | Los Angeles, United States | $8.41M | – | Competitive analytics and pricing are offered for the mortgage sector. | |
| opercredits.com | 2018 | Brussels, Belgium | $14.73M | 4 | A plug-and-play solution for digital mortgage products is offered. | |
| mqube.com | 2016 | Guildford, United Kingdom | $6.44M | 7 | Software solutions for the mortgage industry are developed and provided. |
Detailed competitors of OpenClose
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Web traffic of OpenClose
Websites that share an audience with OpenClose (openclose.com).
Websites whose visitors overlap most with OpenClose. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| themortgageoffice.com | 100% | 124.3K | #271,099 | View details | |
| bytesoftware.com | 93% | – | #1,840,277 | View details |
Latest news on Openclose
Complete news archive for OpenClose
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Similar companies to OpenClose
10 companies that operate in the same segment as OpenClose (Banking & FinTech Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online business banking and financial workflow tools are provided. | 2010 | San Francisco, California, United States | USD 546 M | – | – | |
Tide is recognized as a digital banking platform for businesses. | 2015 | London, England, United Kingdom | USD 221.42 M | – | – | |
Digital banking services are offered to individuals via mobile apps. | 2012 | San Francisco, California, United States | USD 3.16 B | USD 1.96 B | 1,440 | |
Banking solutions are provided for retail customers and businesses. | 2015 | London, England, United Kingdom | USD 1.99 B | – | – | |
Internet first bank for individuals and businesses | 2015 | London, England, United Kingdom | USD 1.9 B | – | – | |
Digital sustainable banking services are offered to consumers. | 2013 | Los Angeles, California, United States | USD 865 M | – | 237 | |
Digital banking services are offered to consumers and businesses. | 2014 | London, England, United Kingdom | USD 1.06 B | USD 813.42 M | 3,231 | |
Payment and banking solutions are provided to users and banks. | 2015 | San Ramon, California, United States | USD 390 M | USD 532.2 K | 3 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Digital banking services are provided for individuals and businesses. | 2014 | Blyth, United Kingdom | USD 852.48 M | – | – |
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Frequently Asked Questions about OpenClose
OpenClose was founded in 1999.
OpenClose is headquartered in West Palm Beach, United States. It is registered at West Palm Beach, Florida, United States.
Jason Regalbuto is the current CEO of OpenClose.
OpenClose provides a web-based mortgage lending solutions to financial institutions. Its main products are: 1.Lender Assist: Web-based loan origination software system (LOS).; 2.Decision Assist: Loan eligibility and pricing engine.; 3.Consumer Assist: Develops custom consumer websites and tools.; 4.Office Assist: Intranet suite designed specifically for lenders.; 5.Doc Assist: Loan document imaging, storage and retrieval solution.
OpenClose's top competitors include Cloudvirga, Floify and Acre.
OpenClose offers Loan Origination System (LOS), Mortgage LOS, Deposit Account Opening, and Data & Reporting.
OpenClose has 1 investor. Key investors include MeridianLink.
Yes. OpenClose was acquired by MeridianLink in November 2022.