Press Release
 

FirstClose™ Announces Additional Services Provided to Arizona State Credit Union

Austin, Texas, January 30, 2008 – FirstClose™, a service of First Lenders Data, Inc. (FLDI), an Austin, Texas-based provider of bundled mortgage settlement services, announced today that it has expanded its service offering to Arizona State Credit Union to include Flood Zone Determinations, Automated Valuation Models (AVMs), Legal and Vesting Reports, Limited Title Searches as well as the alternative lien service-Equiguard.

“We are excited about expanding the products and services we order from FirstClose™,” said Cindy Campano, VP Member/Retail Lending for Arizona State Credit Union. “By bundling multiple products and services together, our credit union saves time and money in several ways. The fees are lower, our processors are more efficient, and we can close loans faster. The main benefit we receive from FirstClose, however, is their emphasis on customer service. Someone is always there to help us. FirstClose helps us achieve our ultimate goal of providing our members with lower fees and better overall service.”

Arizona State Credit Union has been using the services of FirstClose™ through several ordering options, including the FirstClose web based bundled service platform and interfaces with Arizona State’s loan origination systems. The elimination of duplicate data entry combined with the cost savings and customer service focus of both companies provides a win-win-win for FirstClose™, Arizona State Credit Union, and its members.

“Providing time and cost savings to Arizona State is important, but providing great customer service is what we do best,” said Tedd R. Smith, President and Chief Executive Officer of First Lenders Data, Inc. “Reducing costs and helping credit union members close their loans with greater efficiency and simplicity reassures us that we are doing the job we set out to do.”

For more information about FirstClose, visit www.FirstClose.com or contact Van G. Hill, National Accounts Manager, at 877-677-3282. You may also e-mail Van.Hill@FirstClose.com.

About FirstClose™ and First Lenders Data, Inc. (FLDI)

FirstClose™, a service of First Lenders Data Inc. (FLDI), is an Austin, Texas-based provider of settlement service solutions to the mortgage lending industry. FirstClose™ offers its products and services through a proprietary web-based technology platform. In addition to a vast array of mortgage settlement services, FirstClose™ offers loan origination systems with automated underwriting and automated decisioning capability. 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, document preparation, fraud detection, closing services, recording services, mortgage leads, foreclosure data, and more. The FirstClose™ platform also enables lenders to integrate with legacy and existing front-end loan origination systems to use as a single point of contact. For more information on FirstClose™ products and services, call 1-877-677-3282.

About Arizona State Credit Union

Arizona State Credit Union is a $1.1 billion full service not-for profit financial cooperative with a statewide branch network serving the people of Arizona. More than 130,000 Arizonans turn to Arizona State Credit Union for outstanding service and value. Founded in 1951, the Credit Union has grown dramatically and provides a full line of financial products at 22 offices across the state. Arizona State Credit Union is proud to be locally owned and operated and welcomes membership from both business and individual members.


 

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