7.99x average ROI on home equity. See the research.
Watch Now
FirstClose enables IMBs to reduce the time from application to funding from 40–50 days to 10 days or less. Through automation and a seamless digital experience, see how we help IMBs maximize profitability and grow their home equity business. Automated mortgage processing runs in the background from the moment a borrower applies, so your team can scale home equity volume with less manual work.
10 days
Or less from application to funding, vs. 40–50 days
Home equity platform
5–7 min
Credit decisions delivered automatically
40%
Increase in applications for lenders using XpressEquity
31%
Faster turnaround on third-party orders
No one offers a faster, streamlined experience. FirstClose Order Management Services (OMS) automates the ordering of all third-party services—appraisal, title, flood, and closing—plus asset verification the moment a borrower fills out the application, accelerating processing times.
The result:
By completing a simple prequalification questionnaire online, borrowers can receive both a home equity loan and HELOC offer within 10 minutes or less—reducing the likelihood of shopping around. FirstClose makes this possible with automation such as soft credit pulls and AVMs running in the background the moment an application is completed. What’s more, it provides an exceptional borrower experience through our single, secure portal. With roughly one funded loan for every two applications industry-wide, that speed helps more of your pipeline turn into funded loans.
The result:
Purpose-built for home equity
Home equity isn’t a first mortgage. FirstClose workflows are built for HELOCs and home equity loans, not adapted from first-lien processes.
Fund and aggregate faster
The FirstClose Partner Liquidity Network connects IMBs with warehouse lines, asset takeout options, and investors for home equity loans.
Deep LOS integration
Direct integrations with Encompass® and MeridianLink keep loan data flowing into your LOS automatically.
Lower cost per loan
With per-loan origination costs around $4,600, automation that removes manual steps goes straight to your margin.
Our platform integrates with leading LOS—including Encompass® by ICE Mortgage Technology® and MeridianLink—and order management providers. All partners are meticulously vetted and held to stringent quality, timeliness, and cost metrics to ensure you and your borrowers receive best-in-class service. What’s more, our platform integrates with proprietary solutions, enabling IMBs to bring on their trusted partners seamlessly.
It automates the manual steps in originating a home equity loan or HELOC: prequalification, soft credit pulls, AVMs, third-party ordering, asset verification, and closing. FirstClose runs these steps automatically from the moment a borrower applies, so IMBs can fund in 10 days or less instead of 40–50.
Borrowers receive both a home equity loan and HELOC offer within about 10 minutes, with credit decisions in as little as 5–7 minutes. Fast, personalized offers reduce shopping around, and lenders using XpressEquity have seen a 40% increase in applications and a 50% increase in application completion.
Yes. FirstClose integrates with leading LOS platforms, including Encompass® by ICE Mortgage Technology® and MeridianLink, and can also integrate with proprietary solutions.
Yes. The FirstClose Partner Liquidity Network connects lenders with warehouse lines, asset takeout options, and investors for home equity loans, directly from the FirstClose platform.
Home equity lets IMBs keep serving borrowers who want to tap their equity without giving up a low first-mortgage rate, and it adds a second revenue stream alongside first-lien originations.
