Mortgage technology provider OpenClose recently released version 4.0 of OC Optics, a Web-based analytics and reporting system that integrates tightly with the company's LenderAssist loan origination system (LOS).
The new version provides more control, increased functionality and robust editing and configuration tools that allow users to readily customize data analysis and reporting outputs.
OC Optics 4.0 provides detailed analytics and up-to-the-minute reporting via an easy-to-configure dashboard-level user interface.
The dashboard, the company reports, has been improved with the addition of editing and report creation tools. Using OC Optics 4.0, lenders can view all metrics in a single graphical interface. These metrics can be viewed from multiple sources such as production, secondary marketing underwriting, processing, closing, post-closing and accounting, the company says in a press release.
‘OC Optics has proven to be a critical enterprise management tool for our business,’ says Michael Luu, executive vice president of national production at Residential Bancorp, in the release. ‘The system enables us to efficiently analyze and slice data across multiple origination channels. The extracted data helps us make better, more informed and faster decisions, and automatically deliver essential business management reports on a predefined schedule.’
OpenClose says the new version of OC Optics allows users to leverage the multi-channel capability of OpenClose's LenderAssist LOS to separately analyze various activities occurring in retail, wholesale, correspondent and consumer direct lending channels.
Detailed reports can be created for any business channel as well as specific functions and processes within those channels, the company says.
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