Home Equity Is Where It’s At.

The Quick, Easy, All-in-One Solution

FirstClose Equity Overview Video – 4:24

FirstClose supports community banking through our ICBA Corporate Membership.

 If you want an all-in-one turnkey solution that delivers more home equity business with an enhanced customer experience, FirstClose Equity is where it’s at. Just by answering a two-minute online questionnaire, borrowers can get their hands on vital home equity information such as their home valuation, available home equity, loan options and a pre-approval decision—all from the comfort of home. For you, pre-qualification is expedited, enabling focus on favorable HELOC and HEL candidates, resulting in improved pull-through rates. Automated workflows trigger the ordering of settlement services and asset verification reducing cost and overall risk.

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Borrower-Facing POS Solution

Gives consumers instant online feedback on their home valuation, available home equity and loan options.

Decisioning Engine

Delivers credit decisions within 5-to-7 minutes.

Automated Workflows

Including the ordering of settlement services: Enable lenders to complete the application through closing process in 5-to-10 days, versus the industry average of 45-to-60.

Auto-Configure Workflow Scenarios

Increase speed, efficiency, compliance, and quality. Examples: Lending footprint, Credit score, CLTV, Property type, Lien position, DTI, AVM vs. appraisal, Trusts and more.

Easy & Secure Borrower Experience

Borrowers auto consent for credit and eSigning. Secure borrower portal enables borrowers to upload the front and back of their ID, proof of insurance, a voided check on where to send funds and more.

Intuitive & Streamlined Experience For You

Task lists and status indicators keep you and your borrowers engaged on required action.

Complements Your System of Record

FirstClose Equity does not store data as everything is procured from the LOS. Each call to action initiates a data map to the LOS.

Vendor Intelligence

Vendor KPIs allow you to see who’s performing best/worst, with an audit trail on why a vendor was selected for a specific transaction.

Business Intelligence

FirstClose Equity allows you to track everything, including where and why fallouts occur so you can segment borrowers into appropriate course(s) of action to remarket.

Deployed Clients Have Experienced:

77%

Reduction in Time from Application to Funding

35%

Increase in Online Applications

25%

Increase in Pull Through

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Talk With a Specialist ›