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OpenClose teams with PRMS on risk management

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WEST PALM BEACH, Fla. (9/1/11)--OpenClose, a developer of Web-based loan origination software, has partnered with Precision Risk Management Systems Inc. to provide risk management/hedging solutions and advanced production analytics to OpenClose clients. “Providing advanced risk management/hedging solutions that can help our clients maximize their loan execution and minimize their operational risk was a next logical step in our end-to-end lending solution,” said J.P. Kelly, president of OpenClose. OpenClose provides Web-based products such as loan origination software, loan pricing, website design and social media marketing for credit unions, banks and mortgage lenders. Precision Risk Management Systems provides both software and managed hedge services to the mortgage industry.