It has literally saved us countless hours of work, and our investors are very comfortable with accepting the system’s findings.” “We don’t need to think the system automatically does everything for us. “The work that OpenClose has done to their LOS to meet QM rules has made our jobs incredibly easy,” said OpenClose client Colleen Thingelstad, director of real estate lending at Horizon Credit Union. The company’s client base is successfully processing QM loans. 14, 2014 (SEND2PRESS NEWSWIRE) - OpenClose, an enterprise-class end-to-end loan origination system (LOS) provider, today announced that is has implemented the functionality necessary for lenders to adhere to the Consumer Financial Protection Bureau’s (CFPB) new Qualified Mortgage (QM) and Ability-to-Replay (ATR) rules.
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