Inc. Magazine Unveiled Its Annual List of America’s Fastest-Growing Private Companies — the Inc. 5000
OpenClose, the leading fintech provider of mortgage software solutions for banks, credit unions and mortgage lenders, announced that it has been named to the 2021 Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies.
“Being on the Inc. 5000 list is an incredible honor — a welcome validation that OpenClose has been on the right track for more than 20 years and is now accelerating that growth while maintaining our boutique identity along with high customer touch points that our customers expect”
OpenClose achieved a remarkable three-year (2017–2020) revenue growth of 69% and expanded its team by 74% during that same period. The company was especially resilient and flexible given unprecedented challenges of 2020. The entire team adapted quickly to working remotely and actually increased capabilities to meet client demand. As purchase and refinance demand increased, OpenClose kept pace with the market and ensured customer needs were met.
The company achieved the rank of No. 23 in the state of Florida’s ‘Software’ category and was one of very few companies to make the list in West Palm Beach. A 22-year-old company that is able to achieve revenue targets and earn a spot on a respected list of high-growth companies is a significant achievement.
The list represents a unique look at the most successful companies within the American economy’s most dynamic segment — its independent, small businesses. Some of the most well-known companies gained their first national exposure as honorees on the Inc. 5000, including Microsoft, Dell, LinkedIn, Intuit, Zillow and many others.
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“Being on the Inc. 5000 list is an incredible honor — a welcome validation that OpenClose has been on the right track for more than 20 years and is now accelerating that growth while maintaining our boutique identity along with high customer touch points that our customers expect,” said JP Kelly, president of OpenClose. “Our team is comprised of the best people, committed to the greatest service culture in the industry. Our employees and our customers are the real reasons we earned this honor.”
OpenClose CEO/CTO Jason Regalbuto added, “We are delighted to be included among this esteemed group of companies. We have worked hard and overcome many challenges over the years to become a profitable organization with accelerating growth. We remain committed to working with our customers across the country as a true mortgage technology partner and to provide innovative solutions to their operational challenges.”
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OpenClose was built on a successful business model that increases the efficiency of the lending process for several of the top mortgage lenders in the country and reduces their costs. For more than 20 years, OpenClose has been helping their customers save borrowers money and providing a more financially prudent way of achieving the American Dream. With increasing market share the company is poised for continued success in a highly competitive marketplace.
“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” says Scott Omelianuk, editor-in-chief of Inc. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”
