OpenClose welcomed Allen Pollack, a seasoned industry veteran who has been instrumental in the digital shift and transformation of the industry, to join the company in the newly created position of vice president of product innovation, the company announced in a press release.

Allen will assist OpenClose in continuing to expand the level of innovation invested in its customers and the industry to deliver business-altering products and processes, which align to the ever-changing digital lending landscape. 

"JP and I are delighted that Allen has joined the OpenClose team," OpenClose CEO and Chief Technology Officer Jason Regalbuto said in the release. "We have competed and collaborated with Allen over the years. He has developed a reputation for innovative business and technology strategies in the fintech space. We are excited about working with him to grow and expand our product offerings and solutions into the future."

Pollack has more than 15 years of industry experience developing and leading strategic initiatives and comes to OpenClose from Fiserv, where he was responsible for multiple fintech initiatives focused on delivering omni-channel capability and personalized lending experiences, ranging from conversational artificial intelligence (AI) to digital mortgage lending capabilities across online and mobile banking channels.

He was a co-founder of NYLX, serving as chief technology officer, where he introduced new technology models that disrupted the mortgage lending space. He later continued as chief technology officer of LoanLogics, a new RegTech company created by NYLX that continued to introduce new technology and disrupt the old way of doing business further creating solutions to support loan quality, due diligence, and multi-channel loan delivery models, the company stated. 

“OpenClose has been a long-time innovator in our space, making multiple contributions to help grow the mortgage industry and continually developing products that empower lenders to help borrowers achieve the American dream," Pollack said. “The company is well-positioned and strategically aligned to establish itself as one of the industry's leading disruptors that significantly advances the lending process. I am excited to play a key role in the focus that speaks customer experience and the commitment to innovation supporting lending and the industry's ongoing transformation."

The company also said that it recently rolled out the its digital mortgage point-of-sale (POS) solution, ConsumerAssist Digital POS, which offers an integrated solution that marries its end-to-end multi-channel LOS, product and pricing engine (PPE), and state-of-the-art POS technology. The single-source solution dramatically reduces the cost to manufacture loans, heightens the borrower experience, and simplifies managing the entire lending process.

Founded in 1999 and headquartered in West Palm Beach, Fla., OpenClose is a leading enterprise-class, multi-channel loan origination system (LOS), POS digital mortgage and fintech provider that cost effectively delivers its digital platform on a software-as-a-service (SaaS) basis.