Vertical Market Solutions

CLOser

CLOser is an example of one of Concenex' vertical specific products. Designed for the financial services industry, specifically Mortgage Lending, ClOser is a complete solution that adapts to your business model, supporting all lending scenarios, products, and documents. CLOser offers a powerful client-server application which can be extended by intranet⁄web applications adding custom functionality and work flow capabilities. Additionally CLOser offers a middle-ware (broker) called Enterprise Service Provider (ESP) that facilitates Business-to-Business relationships with vendors and channels. ESP is a scalable and high performance product that can handle large volumes of internal and external adjunct or work-flow processes. Currently Closer uses ESP for services including ordering credit information, flood certification, title, appraisals, mortgage insurance, escrow, document exchange, and pricing and locks. A premier loan procession solution, CLOoser handles Origination, Processing, Underwriting, Closing, Post-Closing, Inventory Control, Pricing and Rate Locks, and Automated Underwriting (Fannie Mae’s Desktop Underwriter, Freddie Mac’s Loan Prospector) aspects of mortgage lending and product types include VA, FHA, and FMHA.

Closer supports the following business models:

Retail origination through:

Loan officers

Call Center

Web B2C, B2B

Wholesale origination

Correspondent origination

Private label origination