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New Mortgage Software Enterprise Reporting Module From OpenClose

WEST PALM BEACH, FL--(Marketwire - Oct 4, 2012) - OpenClose, mortgage software developer, has released OC Optics: a new Enterprise Reporting System that combines configurable management dashboard tools with a powerful graph and reporting solution to be used with its loan origination software.

OC Optics provides management production reporting in an easy-to-configure, dashboard solution. Through a variety of color-coded graphs and charts, users can quickly focus on what's important without having to sift through volumes of spreadsheets or reports. Users can customize the content and appearance of the dashboard, immediately returning info on business issues critical to their role. Management gets all the tools necessary to understand production performance and create pricing strategy and production policies for the entire organization. 

"How can you make critical business decisions without critical data?" says JP Kelly, OpenClose president. "Do you have the information you need to support your production policies and pricing? Do you truly know which loan officers, branches, correspondents or brokers originate the most profitable production, or perhaps more importantly, the least profitable production? With OC Optics, now you do."

OC Optics utilizes the latest web-based technologies, designed to allow organizations to consolidate information from multiple data sources (e.g. loan origination, servicing, accounting) into a single, graphical view of the organization. From the dashboard, users are always just a click away extracting critical information into a Microsoft Excel workbook for further analysis or saving reports as PDF documents for distribution. The system is accessible via a web browser, tablet device or smart phone. 

Until now lenders had to cobble together output from loan origination systems, spreadsheets and separate risk management tools in an attempt to analyze their loan production. OC Optics brings it all together in a single web-based solution, combining comprehensive reporting from all areas of the organization. OC Optics provides up to the minute performance information about the entire organization. Review key metrics such as:

  • Pipeline Composition
  • Pipeline Velocity
  • Underwriting
  • Expected Closings
  • Corporate Cash-flow

Those interested in a demo of OC Optics or other mortgage software should register for a demo at

About OpenClose
OpenClose is a pioneer of Mortgage Software as a Service (SaaS) computing solutions for the financial industry since 1999. With OpenClose Social, its social media management software users can easily create and post social media content simultaneously on Facebook, Twitter, YouTube, LinkedIn, corporate websites and blogs. It allows marketers to automatically aggregate pertinent news and content for writing, reposting, and distribution. Administrators can then monitor, track and analyze what's being said about their company, and competitors. Options include group discussion (forums), blogging; lead management, and multiple accounts posting. For lead generation, lending-related plug-ins called "widgets" let customer. Visit the company's Web site at www.openclose.com