WEST PALM BEACH, Fla. – Oct. 23, 2019 – OpenClose®, an industry-leading multi-channel loan origination system (LOS) and digital mortgage fintech provider, announced that it added technology veteran Chris Olsen to help further expand its sales department. Chris holds the newly created position of vice president of sales engineering and will provide software support for OpenClose sales executives catering to mortgage bankers, credit unions, community banks and other real estate entities. He holds a through-and-through background in mortgage technology with a deep understanding of individualized lender needs.

“Chris brings a unique blend of enterprise-level solution-based experience, sales engineering methods supporting large lenders, development knowledge, project execution and management expertise from start-ups to Fortune 500 Companies,” stated Vince Furey, chief revenue officer at OpenClose. “He will serve as a valuable resource for our organization as our rapid growth continues.”

Chris comes to OpenClose from Ellie Mae, where he was a senior technical sales engineer managing enterprise LOS pre and post sales engagements for their core as well as add-on services. At Ellie Mae, he led multiple cross-organization training initiatives for new product introductions and positioning, provided consultative custom development insight and assisted with the successful onboarding of new lender customers.

Prior to joining Ellie Mae, Chris was a project manager and AVP at JP Morgan Chase, interfacing with senior management to prioritize projects, determine business requirements, and serve as the primary vendor point of contact throughout new projects. He also hired, built and spearheaded a team of developers and technical analysts to drive enterprise-wide implementation of high-profile business workflows.

Previous to that, he was a senior software developer and partner at ClosersEdge, an independent software provider for the real estate title and settlement services industry. While there, he assembled and led a team of developers to build and consume high-quality, commercial web-based services and multi-tier online applications including REST and SOAP protocols. ClosersEdge was successfully acquired by TSS Software Corporation, a nationwide company with approximately 18,000 users.

“I look forward to working with lenders and taking OpenClose’s pre and post sales engineering to the next level,” said Olsen. “The completely browser-based comprehensive mortgage software suite that OpenClose has developed and continues to expand on is in high demand by a variety of different lending entities of all types and sizes. OpenClose is an innovative and nimble software firm that has major advantages over the competition. I will enjoy showcasing their immense strengths, disruptive software model and far-reaching lender benefits.”

At OpenClose, Chris will play a key role in further advancing the company’s digital mortgage point-of-sale (POS) solution, ConsumerAssist™ Digital POS, which operates seamlessly with OpenClose’s LenderAssist™ LOS, DecisionAssist™ product and pricing engine (PPE), and IntegrationAssist™ RESTful API ecosystem. The single-source solution is one of the first of its kind in the mortgage industry, increasing demand among lending entities of all types looking to streamline their POS and LOS experience and workflow.

SAN DIEGO, Calif., Oct. 17, 2019 – Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that the study results from STRATMOR Group’s 2019 Technology Insight Study show MCT as the industry leader in lender share, overall satisfaction, and Lender Loyalty Score® in the Production Pipeline Hedging category.

STRATMOR reported that this year’s sample includes responses from 250 mortgage professionals representing 209 unique lenders. Using 2017 HMDA data, the survey sample represents 29 percent of the market.

75.1 percent of respondents use third-party tools for Production Pipeline Hedging and 39.9 percent chose MCT, giving MCT the highest Lender Share among pipeline hedging providers.

This year MCT again had the highest Lender Loyalty Score®, which is an indication of how likely lender clients are to stay with their vendor. MCT scored an impressive 86.4 out of 100 with the average competitor at a distant 37.9. In addition, MCT also had the highest Overall Satisfaction of any vendor measured in the study, coming in at 9.3 out of 10.

“We are elated to again receive the highest scores in our category in STRATMOR’s Technology Insight Study, which we see as a direct reflection of how diligently we work to support our clients,” stated Curtis Richins, president at MCT. “We’ve introduced a number of innovative technology solutions over the last few years, which combined with our commitment to exceptional client service has helped catapult us into the industry-leader position.”

MCT’s Trade Auction Manager (TAM) and the new MCTlive! mobile appare among the most recent innovations differentiating the MCT client experience. TAM has enabled electronic trading of TBA mortgage-backed securities while the MCTlive! mobile app allows users to manage their pipeline on-the-go. According to Andrew Stringer, Director of Capital Markets at First Bank, “As a busy professional and a new dad, the ability to react quickly to market changes whether I’m at a branch, a conference, or a coffee shop is a huge game changer.”

MCT is proud of the experience clients shared as part of the STRATMOR Group’s 2019 Technology Insight Study, and remains dedicated to client profitability, efficiency, and growth. To learn more about MCT’s unique blend of award-winning technology and best-in-class customer service, visit the About MCT page.

TORRANCE, Calif., Oct. 17, 2019—DocMagic, Inc., the premier provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced the launch of its new LoanMagic mobile application. LoanMagic, which is provided free to all DocMagic customers, leverages a powerful backend platform that provides full interoperability with DocMagic solutions, as well as other third party mortgage software.

“Bringing mobile functionality to borrowers and enabling lenders to connect with their customers is the end goal of most mobile applications in our industry—but at DocMagic, it is just the beginning,” says Dominic Iannitti, president and CEO of DocMagic. “LoanMagic isn’t an add-on. It’s a fully interoperable technology that fills a critical gap in the digital mortgage process. It is just as powerful as any of our flagship and award-winning technology.”

LoanMagic is an intelligent, intuitive mobile application that provides a quick, easy and transparent way for borrowers to stay fully engaged with their loans—and lenders—throughout the mortgage cycle. Its core functionality includes real-time loan status, document uploads, eSigning, integrated messaging, task management, push notifications and more. LoanMagic leverages DocMagic’s eVault to ensure that every transaction is logged and securely stored, and it uses a “gamified” design that encourages borrower engagement by making the process of fulfilling conditions faster, easier and more entertaining for the borrower.

LoanMagic’s primary differentiator is at its backend, which allows the mobile app to provide an unprecedented level of interoperability with numerous relevant technologies, ranging from DocMagic’s solutions to point-of-sale systems (POS), loan origination systems (LOS), borrower-facing applications, closing solutions, various settlement services technology, document scanning, cloud storage tools and others.

“A truly digital mortgage offers a continuous, fluid experience for everyone. The lender should not be patching holes or bridging gaps,” says Iannitti. “With LoanMagic, there’s no data degradation, no delay, no added steps lenders need to take to make up for the use of a mobile application, like they may have experienced with other mobile applications in the past. LoanMagic feels and acts like an organic part of the technologies it supports. That’s imperative for a truly digital mortgage experience.”

LoanMagic eliminates many of the issues that have traditionally caused delays in the mortgage process. The result is greater transparency and visibility, lower cost to produce loans, assurance of compliance and elimination of surprise issues that create delays at the closing table. DocMagic provides LoanMagic at no additional cost to its customers as part of its mission to increase digital mortgage adoption, broaden collaboration among the numerous disparate entities involved in a mortgage, and advance interoperability between systems across the supply chain.

Learn more about LoanMagic or see a demo by contacting This email address is being protected from spambots. You need JavaScript enabled to view it. or visiting www.docmagic.com/loanmagic. In addition, DocMagic will offer demonstrations of LoanMagic in booth 407 at the MBA Annual Convention & Expo in Austin, Texas from Oct. 27 - 29.