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FirstClose is a service of First Lenders Data, Inc., a privately held company based in Austin, Texas. Founded on March 21, 2001, the company provides cutting-edge technology solutions to mortgage lenders nationwide.
FirstClose is a proprietary software platform designed to deliver mortgage lenders end to end solutions from loan application to closing. In addition to a vast array of mortgage settlement services, FirstClose offers real estate auctions, loan origination systems, automated underwriting, automated decisioning, and more. The company also provides the most robust, yet user friendly vendor management system available. When used in its entirety, duplicate data entry is completely eliminated.
FirstClose offers lenders their choice of nationally recognized providers as well as local vendors. Services available include; credit reports which feed the automated underwriting and decisioning systems, automated valuation models (AVMs), guaranteed AVMs, AVM validation and back-testing, appraisals, gap valuation services, BPOs, flood determinations, flood insurance, property and casualty insurance, limited title searches, owners and encumbrance reports, legal and vesting reports, lien protection insurance, lien reports, title insurance, income verification, tax tracking services, document preparation, fraud detection, closing services, recording services, mortgage leads, foreclosure data, insurance services, and more. By utilizing the latest technology, combined with aggregated volume its national client base, FirstClose is able to offer bundled solutions which increase efficiencies, reduce costs, and help lenders close more loans.
Mission Statement
The company's mission is to provide increased profitability and reduced cost to mortgage lenders by offering systems and relationships that enable them to more effectively assist their borrowers, reduce closing times, sell properties, and close more loans.
Vision Statement
To be the "only" solution lenders seek when looking for mortgage settlement services, mortgage origination solutions, and effective ways to sell REO and Short Sale properties...ultimately to benefit consumers and the nation's economy as a whole.
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