Blog

Mar 16, 2021
man sitting at disk writing on digital tablet
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The Arrival of E-Closing

By now, the integration of new technologies into a long-established process should not surprise anyone. As more people become comfortable with digital capabilities and their security and reliability increases, so does their expansion. The mortgage industry is no exception. What once required submitting a detailed paper application can now be completed online, via a mobile […]
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Mar 3, 2021
Scott Gordon
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Open Mortgage Doubles Volume Production and Loan Unit Counts Over Two Years

Open Mortgage, a multi-channel mortgage lender dedicated to empowering the dream of homeownership, more than doubled volume and unit counts in 2020 compared to 2018. With total loan volume production of $1.68 billion and 7,543 units in 2020, Open Mortgage funded 1,816 reverse loans with a volume of $401 million amidst record-low interest rates and […]
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Jan 28, 2021
Lucas Allen
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Open Mortgage Welcomes Lucas Allen to Senior Vice President of Forward Operations

Open Mortgage, a multi-channel mortgage lender dedicated to empowering the dream of homeownership, welcomes Lucas Allen to the new role of Senior Vice President of Forward Operations. In this position, Lucas will oversee the mortgage production process for all forward loans, including managing the appraisal, disclosures, processing, underwriting, and closing and funding teams. “Lucas joins […]
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Oct 29, 2020
people in front of house
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Protect Your Real Estate Rights

Unfortunately, discrimination can occur during the home buying process. In this video, our CEO and founder Scott Gordon discusses ways to identify discrimination, as well as knowing your rights and understanding your options if you do become a victim. Some of the topics he covers: Shopping around and comparing mortgage lenders Reviewing your credit report […]
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Oct 2, 2020
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Reverse Mortgage Daily Webinar: Expanding the Reverse Mortgage Landscape Through HECM for Purchase

This webinar, which features Open Mortgage’s National Retail Sales Manager for Reverse Mortgages, Patty Wills, CRMP, explores the drivers of success behind the H4P success of two lenders: what has worked in garnering H4P business, how to approach Realtors as referral partners, consulting borrowers seeking to finance a home purchase with a reverse mortgage, and […]
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Aug 11, 2020
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Safeguarding Your Online Mortgage Search

Mortgage applications can require you to provide sensitive financial information, including social security numbers, pay stubs, bank statements, and more. That’s why we at Open Mortgage take online security seriously and hope you’ll watch this video before applying for your home loan. Our CEO and founder, Scott Gordon, discusses how to protect yourself online. Some […]
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Nov 12, 2019
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iBuying: How it Works and Potential Pitfalls

From ordering takeout to booking a doctor’s appointment, it seems there’s an app for everything these days. Technology touches every part of our lives, and recently it’s made its way into the real estate market in the form of iBuyers like OpenDoor and OfferPad — companies that are offering an alternative to the traditional home-selling […]

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Aug 20, 2019
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Federal Reserve’s Rate Cut Continues Trend of Strong Borrowing Power

At its July meeting a few weeks ago, the Federal Reserve lowered the federal funds rate for the first time in a decade. The quarter-point cut, intended to offset early signs of a slowing economy, brings the federal funds rate down to just 2 percent. While the rate cut impacts financial institutions more directly than […]

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Jun 4, 2019
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Open Mortgage Hires Live Well Financial Executives and Their Core Team

Open Mortgage, a multi-channel mortgage lender dedicated to empowering the dream of home ownership, has hired Live Well Financial’s core team of mortgage lending executives: Bruce Barnes, Jim Cory, and Joshua Moran, formerly Executive Vice President, Senior Vice President of Operations and Senior Vice President of Wholesale & Correspondent Lending, respectively. Additionally, approximately 50 sales and operations employees are […]

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May 16, 2019
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Open Mortgage Acquires Premier Home Mortgage

AUSTIN, Texas, May 15, 2019 /PRNewswire/ — Open Mortgage, a multi-channel mortgage lender dedicated to empowering the dream of home ownership, has acquired Premier Home Mortgage, a lender that specializes in financing homes in rural and small-town America, in a deal that’s expected to add $300 million in loan value to the company. The acquisition also adds offices in Iowa, Montana, South Dakota and Wyoming in […]

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