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Enterprise Layer Intelligence
Categories/General Productivity Software/FirstClose
FirstClose

FirstClose

Founded by Tedd Smith & Tim Smith in 2000

Automate home equity loan processing and accelerate closing times for financial institutions

You can use FirstClose to process home equity loans faster by automating underwriting data collection and document workflows. The system models borrower home equity positions in real time and runs soft credit checks without harming applicant credit scores. It handles applicant prequalification so lending teams can concentrate only on viable applications that will fund. Additionally, loan officers can order settlement services directly from vetted third-party vendors and issue automated disclosure documents for digital signing, significantly reducing closing timelines from several weeks to just a few days.

What FirstClose does

Model property equity values in real timePerform soft credit inquiries on loan applicantsPrequalify home equity loan borrowersOrder settlement products from third-party vendorsTrack vendor turnaround times and data accuracySend automated disclosures for electronic signatureCreate and manage borrower leads from phone or branch inquiriesReal-time borrower home equity position modelingSoft credit pull that avoids impacting credit scoresAutomated prequalification screening for loan applicationsOrder management system connecting to vetted settlement service vendorsAutomated disclosure delivery upon loan approvalLender portal for branch and phone intake workflowsDirect integration with MeridianLink Consumer loan origination system

Frequently asked

MeridianLink

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FirstClose, home equity loans, HELOC, loan origination, loan prequalification, soft credit pull, equity modeling, lending automation, order management, lender portal, closing automation, MeridianLink integration, mortgage settlement, disclosure management, underwriting automation