OpenClose - About the company
OpenClose is an acquired company based in West Palm Beach (United States), founded in 1999. It operates as a Web-based mortgage lending solutions.. The company has 240 active competitors, including 34 funded and 36 that have exited. Its top competitors include companies like Acre, SimpleNexus and Fuse.
Company Details
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.
- Website
- openclose.com
Key Metrics
Founded Year
1999
Location
West Palm Beach, United States
Stage
Acquired
Ranked
92nd among 240 active competitors
Employee Count
21 as on Aug 31, 2026
Exit Details
Acquired by MeridianLink (Nov 07, 2022)
OpenClose's acquisition details
OpenClose got acquired by MeridianLink on Nov 07, 2022.
Click here to take a look at OpenClose's acquisition in detail
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OpenClose's funding and investors
OpenClose has not raised any funding rounds yet.
OpenClose's founders and board of directors
Founder? Claim ProfileOpenClose's employee count trend
OpenClose has 21 employees as of Aug 26. Here is OpenClose's employee count trend over the years:
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OpenClose's Competitors and alternates
Top competitors of OpenClose include Acre, SimpleNexus and Fuse. Here is the list of Top 10 competitors of OpenClose, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Acre 2018, London (United Kingdom), Acquired | Blockchain-based solution for mortgage and insurance application process | $14.5M | 63/100 | |
2nd | SimpleNexus 2011, Draper (United States), Acquired | Developer of loan life cycle management platforms for mortgage lenders | $128M | 62/100 | |
3rd | Fuse 2011, New York City (United States), Series A | Loan origination solutions for banks and lenders | $30.9M | 62/100 | |
4th | Mesa 2023, Austin (United States), Series A | Online platform offering mortgage loan management | $31.2M | 61/100 | |
5th | Lama AI 2022, New York City (United States), Series A | Provider of AI-based solutions for digital business leveraging | $20M | 60/100 | |
6th | WonderLend Hubs 2016, Mumbai (India), Seed | Provider of incentive compensation management and lending technology platforms software | $2.32M | 60/100 | |
7th | Vesta 2020, San Francisco (United States), Series A | Developer of a data-centric, rules-driven, and extensible mortgage infrastructure platform | $35M | 59/100 | |
8th | M·QUBE 2016, Guildford (United Kingdom), Acquired | Hamilton & Inches | Luxury Jewellers in Edinburgh | $35.6M | 59/100 | |
9th | Ready Capital 2011, New York City (United States), Public | Provider of commercial real estate and small business financial solutions | - | 58/100 | |
10th | Cloudvirga 2015, Irvine (United States), Acquired | Cloud-based platform empowering lenders with borrower-centric digital lending experiences | $101M | 57/100 | |
92nd | OpenClose 1999, West Palm Beach (United States), Acquired | Web-based mortgage lending solutions. | - | - | 28/100 |
Looking for more details on OpenClose's competitors? Click here to see the top ones
OpenClose's Investments and acquisitions
OpenClose has made no investments or acquisitions yet.
Reports related to OpenClose
Here is the latest report on OpenClose's sector:
News related to OpenClose
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MeridianLink acquires residential mortgage software provider OpenCloseSeeking Alpha•Nov 08, 2022•MeridianLink, OpenClose
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OpenClose LenderAssist Integrates with the DataVerify DRIVE platformeNewsChannels•Jun 14, 2022•DataVerify, OpenClose
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Fintech Innovator, OpenClose Launches Mobile Assist Native Mobile App PlatformeNewsChannels•Dec 08, 2021•OpenClose
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OpenClose Promotes April Cave to Director of Implementation ServicesBusiness Wire•Dec 02, 2021•OpenClose
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OpenClose Named to the 2021 Inc. 5000 Boasting Industry-Leading Revenue & Team GrowthBusiness Wire•Aug 17, 2021•OpenClose
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ClosingCorp Fees Now Integrated With OpenClose’s Consolidated Digital Mortgage POS and LOS PlatformBusiness Wire•Sep 15, 2020•Closing, Consumerassist, OpenClose
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Connection of OpenClose’s LenderAssist LOS and ABT’s MortgageExchange platform opens doors to more financial institutionseNewsChannels•Jul 31, 2020•OpenClose, Access Business Technologies
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