MeridianLink users can now originate HELOCs and Home Equity Loans in days, not weeks with FirstClose Equity. FirstClose’s one-of-a-kind home equity solution reduces operational touchpoints to elevate the overall customer experience for borrowers. It also enables lenders to automate data collection, verification, and settlement services ordering.
At a time when origination costs have reached a new high, no one can afford more inefficiencies that further compress margins, especially in the home equity space. The way to overcome inefficiencies and mitigate margin compression is through automation.
With its integration into MeridianLink, FirstClose makes home equity a low-friction lending experience that consumers have come to expect. Consumers have one experience via a private labeled POS and borrower portal while loan officers, underwriters and processors never leave their LOS.