OpenClose LOS Offers GFE ‘Lockdown’ Feature

Posted by Orb Staff on September 01, 2010 No Comments
Categories : FYI

OpenClose Mortgage Software has enhanced the editing features in its loan origination software (LOS) to improve the accuracy of loan information included in lenders' good-faith estimates (GFEs).

The software upgrade enables lenders to lock down fields in the fee-maintenance and closing-cost scenarios modules. By checking a ‘Lock on GFE’ checkbox, a loan administrator can freeze the dollar value for that fee, so that it cannot be changed on the GFE by any originator or processor, OpenClose explains.

SOURCE: OpenClose

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