OpenClose, developer of web-based, end-to-end, loan origination software, has partnered with Precision Risk Management Systems. Through the tie-up, OpenClose clients will be offered risk management/hedging solutions and advanced production analytics. Clients will be able to maximize their loan execution and minimize operational risk. The production analytics system will give OpenClose customers’ information about the behavior, performance and profitability of their loan officers and correspondents. This system will assist them with pricing strategies, loan officer compensation and understanding loan source performance in all market conditions.

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