Elevating the home equity borrower experience.
The FirstClose XpressEquity point of sale was the first—and remains the most modern—home equity lending solution. It engages borrowers by encouraging them to complete the loan application process at every critical step. By refining the borrower experience, our industry-leading POS simplifies the application process, so you close more deals.
Digital Application
40%
increase in applications
50%
application completion increase
38%
applications instantly approved
Offer instant home equity quotes.
By completing a simple two-minute, online questionnaire, borrowers get a clear understanding of their home valuation, available equity, loan options and a pre-approval decision—all from the comfort of home.
- Ability to apply for both a home equity loan and a HELOC.
- Consent to soft credit pull—no SSN required.
- Credit decisions delivered in as little as 5–7 minutes.
- Presents tailored loan offers with the ability to toggle through descriptions of each loan program.
Identify qualified borrowers faster.
Our expedited pre-qualification process keeps unqualified leads out of the LOS, enabling your team to focus on favorable HELOC and HEL candidates to improve pull-through rates.
- Seven simple screening questions determine eligibility.
- If the borrower does not qualify, they’re notified early in the process.
- Maximum qualifying amount shown based on LTV calculations.
Configured to your requirements, with seamless LOS integration.
Your team at FirstClose works with you to prepare personal financial and property questions, configured specifically to your loan program requirements. From pre-approval through application, every step is simplified. As the borrower navigates the digital application, there is real-time data flow to the LOS with each page progression. Furthermore, accuracy is ensured based on lender-configured product and pricing engines (includes EPPS and Optimal Blue).
Demonstrate potential savings by consolidating high-interest debt.
The Digital Application helps borrowers explore debt consolidation scenarios by showing how different draw amounts and selected debts impact estimated rates, payments, and net cash available to them. Borrowers can adjust inputs in real time to immediately see how changes affect their potential monthly payment and savings.
Centralize and automate settlement service ordering.
Automated workflows trigger the ordering of settlement services and asset verification, accelerating processing times. What’s more, real-time tracking and audit logs support compliance and reduce costs and overall risk.
Borrower Portal
<2
days to first borrower task completion
5hr
signed and completed disclosures
74%
reduction in closing time
Provide an engaging and transparent experience.
The borrower portal provides a secure space for applicants to manage documents, track application status, and view and sign initial disclosures electronically. Within the portal, they can view “To Do’s” as the loan moves through the lifecycle, and upload documents such as insurance policies or tax returns. Once uploaded to the portal, all documents are made available in the LOS as the system of record.
Streamline the closing process.
As soon as the loan is clear to close, it triggers a notification to your borrower that they can schedule their closing, which can be either a Wet-sign, Hybrid, or RON Closing. Once the loan has closed, your borrower has access to all signed loan documents.
Branded to your institution.
Because building trust is critical throughout the process, borrowers only see your brand on the secure portal at every interaction. By connecting loan data and files from the digital application, loan origination system, order management solution, and service provider platform, our portal simplifies every interaction between borrowers, lenders and providers.
