Arizona State Credit Union and FLDI Announce Technology & Mortgage Settlement Services Relationship
Phoenix, AZ & Austin, TX, August 19, 2008 – Arizona State Credit Union and FLDI, announced today that they have developed a business relationship where Arizona State Credit Union will access multiple mortgage settlement services through a technology integration FLDI developed with Appro by Equifax. Arizona State will be ordering flood zone determinations, automatedvaluation models (AVMs), Jr. Title Policies from their local title companies, and more.
FLDI enables lenders like Arizona State to order most of their settlement services within Appro's Loan Center utilizing sophisticated FLDI interfaces . When the results from vendors are returned, data and pdf copies of the reports populate the appropriate fields in Appro so users can view and print the results of each order. FLDI has made available a Power Point Presentation and Windows Media Presentation for anyone interested in viewing the technology.
As an aggregator of settlement service providers, FLDI provides users with access to a wide variety of vendors and a myriad of products and services, without the need for additional integrations. Local title companies, local appraisers, and any number of vendors can be added within minutes. Invoices for all vendors and services are neatly combined at the end of the month in an easy to read excel spreadsheet, further enhancing efficiencies for lenders.
“We are excited about accessing our favorite settlement service providers through the FLDI integration with Appro, ” said Cindy Campano, Vice President Member/Retail Lending Products. “We are already deriving benefit from the efficiency gains and cost savings FLDI offers.”
“Arizona State Credit Union is an important client of ours and we are excited about the about benefits they are realizing from our services and integration with Appro,” said Tedd R. Smith, President and Chief Executive Officer of First Lenders Data, Inc.
About First Lenders Data, Inc.
First Lenders Data, Inc. is an Austin, Texas-based technology provider of mortgage settlement services and real estate auctions. FLDI also offers loan origination systems with automated underwriting and automated decisioning capability. Settlement services 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, hazard insurance, property reports, legal and vesting reports, lien protection insurance, title insurance, income verification, tax tracking, document preparation, fraud detection, closing and recording services, mortgage leads, foreclosure data, and more.
For more information about Arizona State Credit Union visit https://www.azstcu.org