FLDI Announces Oregon Community Credit Union as Latest Customer
AUSTIN, Texas, May. 6, 2010 - First Lenders Data, Inc. (FLDI), an Austin, TX - based provider of FirstClose, an online dashboard of mortgage closing services and vendor management solutions, announced today that it has added Oregon Community Credit Union, the 3rd largest credit union in Oregon, to its list of growing customers. Oregon Community Credit Union will be utilizing the APPRO loan origination system to access FirstClose vendors in order to obtain Flood Zone Determinations, Automated Valuation Models (AVMs), Gap Valuations, and Title Reports.
“Our staff loves First Close and the efficiency gained in our loan origination process. We are very happy with the integration to APPRO and the service provided by FLDI.” said Ethan Nelson, Lending Services Manager, Oregon Community Credit Union.
In 2009, FLDI announced its strategic alliance with APPRO Systems, an Equifax company based in Baton Rouge, LA. This strategic alliance was formed to provide APPRO customers, like Oregon Community Credit Union, the ability to order multiple mortgage settlement services through APPRO’s loan origination system.
FirstClose also provides access to their stable of nationally recognized vendors through a proprietary online dashboard. “We save lenders money by leveraging the ‘Buying Power’ of over 350 lenders currently using our system,” says Corey Smith, FLDI’s Director of Business Development. “This ‘Buying Power’ enables us to obtain volume discounts which we pass onto lenders through decreased settlement fees and closing costs. Not only will lenders enjoy these direct hard-cost savings, but also benefit from soft-cost savings with increased efficiency, streamlined vendor management, and invoicing consolidation.”
FirstClose offers customers a variety of nationwide mortgage settlement service options, including; credit reports, flood certifications, AVMs, appraisals including full, desktop and drive-by appraisals, BPO’s, title reports, title insurance, title searches, owners and encumbrance reports (O&E Reports). closing and recording services, doc prep, and much more, in one easy-to-use online central dashboard.
About Oregon Community Credit Union
Oregon Community Credit Union (OCCU) was founded over 50 years ago by a small group of State of Oregon employees to gain access to basic financial services and affordable credit. . Today, OCCU has grown to become the 3rd largest credit union in Oregon with more than 90,000 members and more than $900 million in assets. Throughout their growth over the past 50 years, OCCU has maintained its steadfast commitment to two things: keeping Oregon strong by investing in its members and their communities and providing exceptional service in everything they do.
To learn more about Oregon Community Credit Union, please visit www.oregoncommunitycu.org.
About APPRO Systems, an Equifax company
Baton Rouge, LA.- based APPRO Systems, An Equifax Company is one of the lending industry's leading providers of comprehensive, automated credit risk management and financial technologies for online and traditional lending environments. APPRO provides solutions for more than 190 financial institutions, with customers of all types in the United States, Canada, and Puerto Rico.
To learn more about APPRO, please visit www.approsystems.com.
About First Lenders Data, Inc. (FLDI)
FLDI is an Austin, Texas-based provider of FirstClose, a mortgage settlement service solution for lenders looking to improve efficiency and accuracy while lowering costs and turn-around time. FirstClose is a single-point dashboard which aggregates nationally recognized vendors and service providers into one easy-to-use online solution. FirstClose products and services include credit reports, flood certifications, AVMs and traditional valuation products, as well as income verification, title insurance, doc prep, closing and recording services.