OpenClose Loan Origination Software on Apple iPad(R) a "Game Changer"

* Reuters is not responsible for the content in this press release.

Tue Apr 6, 2010 3:41pm EDT 

  WEST PALM BEACH, FL, Apr 06 (MARKET WIRE) -- 
OpenClose(R) Mortgage Software, developers of Web-based, end-to-end
mortgage loan origination software is the first to enable its Web-based
software to originate and price loans on the new Apple iPad(R). The
portability and ease of use of the iPad is poised to revolutionize the
real estate and loan origination business allowing loan originators with
an iPad to abandoned the clunky laptops and do all the origination,
pricing and check status in real time, anywhere. 

     "We think the iPad is a game changer for the mortgage industry," said
Jason Regalbuto, president, OpenClose. "LenderAssist loan origination
software and DecisionAssist loan pricing software have been the best
choices for mortgage companies that want feature rich software that's
easy to use and fast to deploy. Now you don't even need a laptop. Just
tap your iPad, plug in the info and you're done. It's the best of all
worlds -- they have all the tools needed to market, originate, close and
sell loans instantly, everywhere."

    OpenClose takes advantage of the new unique Apple iPad user experience
without forsaking quality. Zach von Gonten, a loan officer for K&B
Equity, Palm Beach, FL was the first to price and originate a loan using
the iPad. "Fast, easy, and accurate," he said. "It's amazingly cool."

    About OpenClose
 West Palm Beach, Fla.-based OpenClose Mortgage Software
is a pioneer of on-demand mortgage solutions since its inception in 1999.
The company offers mortgage banking software solutions, all delivered in
a Web-based end-to-end mortgage-banking platform. LenderAssist is the
company's flagship mortgage banking software, DecisionAssist provides
product pricing and eligibility, ConsumerAssist provides lenders with
consumer-facing Web sites and BrokerAssist provides brokers with an
origination system that tie into the other platforms. For more
information, visit the company's Web site at www.openclose.com.

    

CONTACT: 
Frank Bocchino
(561) 804-4576 

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