Tech100 2

FirstClose

 

LENDING 

The company’s patent-pending flagship product, The FirstClose Report, instantly provides all the data that is required for home equity lenders in all 50 states.

By tapping multiple data sources and using proprietary algorithms, the company says the FirstClose Report can reduce turn-times by as much as 80%, from 14 days down to 2.8 days.

In addition, its client base, comprised of 60% credit unions and 40% banks, saves an average of 40% on the cost of settlement services, according to the company. FirstClose has grown its client base by 70% in the last 18 months and expects to double the amount of revenue generated in 2016.

firstclose.com

Most Popular Articles

Here are the mortgage lenders that borrowers like the most

J.D. Power’s 2019 U.S. Primary Mortgage Origination Satisfaction Study, released Thursday morning, showed that there are some lenders that customers seem to love working with more than others. Here are the ones that borrowers are partial to.

Nov 14, 2019 By

Latest Articles

Congressional vote on “de facto QM Patch” postponed

The House Financial Services Committee postponed a vote on H.R. 2445 on Wednesday, a bill that would fix the so-called QM Patch that’s set to expire in early 2021.

Nov 15, 2019 By