With the goal of increasing profitability and reducing costs for mortgage lenders, FirstClose offers instant mortgage lending technology to help facilitate and expedite mortgage settlement processes for banks and credit unions. FirstClose serves as a middle-ware application that provides access to national and local real estate service providers via the web or direct integration into various loan origination systems.
The company delivers systems and relationships that enable lenders to more effectively assist their borrowers, reduce closing costs and shorten closing times. The FirstClose reporting suite is a solution for lenders, with capabilities to deliver title, flood, valuation and other important data elements in one report. FirstClose Report is a home equity and refi tool that provides consumer lenders what they need to close on home equity, HELOC, and refi loans more quickly and at a better price. FirstLook Report is a comprehensive pre-qualification tool that gives mortgage lenders the information to make an instant decision on a borrower’s complete credit worthiness. Credit, valuation, flood, tax and title data are compiled into one easy-to-read report and returned within 30 seconds.
Once pre-qualified, lenders can simply add their own title companies, appraisers, appraisal management companies and other settlement providers, with options to pass data and reports back into their loan origination system when available.
To learn more about FirstClose, click here.