Leadership


Meet the FirstClose leadership team that is blazing the trail for home lending technology.

  • Tedd Smith Tedd Smith

    Tedd Smith

    co-founder and chief executive officer

    Tedd Smith began his database career helping mortgage refinance lenders through Flood Zones, Inc., which automated flood zone determination to financial institutions using geocoded FEMA flood maps. He served as vice president of marketing, helping propel the company to $10M before it was acquired in 1996 by TransUnion.

    From there, Tedd served as chief executive officer of Home Equity Loan Corporation until 2000, when he co-founded FirstClose with his brother Tim.

    FirstClose was established with the idea to automate, improve efficiencies and accelerate processes through utilizing innovative technology.

    Tedd graduated from The University of Texas at Austin with a Bachelor of Arts in Business and Marketing.

  • Patrick McClain

    Patrick McClain

    chief financial officer
    chief operating officer

    Patrick McClain is CFO and COO of FirstClose. In this joint role, he is responsible for overseeing and leading strategic growth, as well as financial matters.

    Patrick has more than three decades guiding high growth global technology companies, both public and private, with companies such as Xplore Technologies, Falconstor Software and Aurea Software, all of which he led as CFO. His areas of expertise include financial accounting, strategic business planning, mergers and acquisitions, MIS management, insurance and risk management and credit and collections.

    Patrick holds a BBA in accounting from Ohio University.

  • Tim Smith Tim Smith

    Tim Smith

    co-founder and chief revenue officer

    Tim Smith began his database career helping mortgage refinance lenders through Flood Zones, Inc., which automated flood zone determination to financial institutions using geocoded FEMA flood maps. He served as vice president, helping propel the company to $10M before it was acquired in 1996 by TransUnion.

    From there, Tim co-founded FirstClose with his brother Tedd, with the idea to automate, improve efficiencies and accelerate processes through utilizing innovative technology. With over 18 years of executive level management and experience in the mortgage origination and settlement services space, as CRO Tim is responsible for managing the sales and marketing group.

    Tim attended Texas Lutheran University before joining and serving in the United States Marine Corps for four years.

  • Pat Downing Pat Downing

    Pat Downing

    chief technology officer

    Pat Downing is CTO of FirstClose. As CTO, he is responsible for overseeing the development of all technical efforts at FirstClose.

    Pat has more than 20 years of experience in technology operations, infrastructure, development and customer support. Most recently, he held a position as CTO at the Texas-based company Mozido, a global mobile financial services company.

    Pat holds a degree in Computer Science from North Carolina State University as well as a degree in Liberal Arts and Sciences from Northeastern University.

  • Corey Smith Corey Smith

    Corey Smith

    chief product officer

    Corey Smith is CPO of FirstClose. As CPO, he is responsible for overseeing user experience, as well as product and vendor management.

    Corey has more than 25 years of experience in business. His focus is on operations and technology, however, the scope of his experience spans sales, marketing, finance, strategic planning and risk assessment and management. He has worked with companies such as Snapwire, NextGen Solutions, Mall.com and Flood Zones, Inc.

    Corey holds a degree in Business Administration, Management and Operations from Austin Community College.

Client | Since switching to the FirstClose Report in Q4 2015, we have enjoyed significant cost savings, and our turn-times have been reduced dramatically.

Carolyn Middleton, SVP Director of Consumer Bank Credit Approval and Fulfillment at Umpqua Bank