Credit Unions

Putting the Profit Back in Credit Union Lending

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The future of successful lending for credit unions involves leveraging property and member borrower data intelligence instantly and applying technology in innovative ways to create solutions that bring together data best practices and vendor management processes to meet your members’ unique needs.

FirstClose specializes in delivering a powerful web app and LOS plugin for home equity, refi and mortgage loans in an easy-to-navigate platform that offers everything from application to servicing (credit score, valuation, title, tax, flood, closing and recording). Credit unions will be set up in the FirstClose web portal or integrated directly into their loan origination system; no core integration needed.

With accelerated property and member borrower data intelligence, a full suite of solutions and a simplified process, FirstClose users have seen up to 40% reduction in turn-times and significant cost savings, leveling the playing field for credit unions.

The future of successful lending for credit unions involves leveraging property and member borrower data intelligence instantly and applying technology in innovative ways to create solutions that bring together data best practices and vendor management processes to meet your members’ unique needs.

FirstClose specializes in delivering a powerful web app and LOS plugin for home equity, refi and mortgage loans in an easy-to-navigate platform that offers everything from application to servicing (credit score, valuation, title, tax, flood, closing and recording). Credit unions will be set up in the FirstClose web portal or integrated directly into their loan origination system; no core integration needed.

With accelerated property and member borrower data intelligence, a full suite of solutions and a simplified process, FirstClose users have seen up to 40% reduction in turn-times and significant cost savings, leveling the playing field for credit unions.

ROI

Quick ROI Highlights:

  • Client saved well over $1 million through using FirstClose in its first year
  • Turn-time has dropped almost 7 days
  • Days-to-close has dropped 25%
  • Client able to handle 30 percent more volume with less staff intervention

Ready to increase lending margins and reduce turn-times?

Schedule a demo with our team of specialists.

Credit Union Client Spotlight

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“FirstClose gives our members a much better borrowing experience. Its AVM cascade sped up our underwriting decisions, their desktop valuations are done in three days – instead of waiting on full appraisals, and title work is back the same or next business day – so our turn times are much faster. Their customer support is second to none.”

Simplified CU Vendor Management

By giving credit unions access to our full vendor library with best-in-class providers, FirstClose can evaluate where vendors are under-performing and provide instant options that are a better fit for you and your members.

FirstClose History of Success and Innovation

Founded in 2000 and headquartered in Austin, Texas, FirstClose has a national reputation for delivering amazing property and member borrower data intelligence. As your trusted partner, we deliver accelerated property and member borrower data intelligence, minimize risks, and reduce costs so that you can focus on your members. FirstClose services over 250 credit unions and financial institutions while processing hundreds of thousands of transactions per year. FirstClose is an independent, American-owned company.

When you must focus on putting the profit back into mortgage lending, increasing production, decreasing turn-times, and maximizing vendor management, demand a partner who can amaze. Demand FirstClose—Your ONE Source for Property and Borrower Data Intelligence.

Expert | FirstClose helped Fort Financial Credit Union with our Home Equity loan process. The reports are easy to follow and if anything is missing, FirstClose is very responsive in assisting us to collect the information.

J. A. Arnold, Vice President of Lending, Fort Financial Credit Union