FirstClose Hires Patrick McClain as CFO and COO

Austin, Texas, October 30, 2018 – FirstClose, a leading provider of technology solutions for mortgage lenders nationwide, today announced the appointment of Patrick McClain as Chief Financial Officer and Chief Operating Officer.

Mr. McClain has spent the last three decades guiding high growth global technology, both public and private, companies. Most recently, he served as CFO at Xplore Technologies (NASDAQ: XPLR) and as Executive Vice President, CFO and Treasurer at Falconstar Software, a New-York-based public company. Previously, he served as CFO at Aurea Software (an ESW/Trilogy company) and Rules-Based Medicine (Myriad RBM), both nationally recognized for rapid growth and profitability.  Mr. McClain also has held senior operational and financial roles at several financial institutions and FI service providers.  He started his career at Price Waterhouse Coopers.

“We are elated to bring Patrick on board, especially at this important juncture for FirstClose as we position the company for accelerated growth and industry leadership” said Tedd Smith, co-founder and Chief Executive Officer of FirstClose. “Patrick is a strong addition to our executive management and leadership team.  We look forward to leveraging his experience to complement our strategic growth initiatives and to better serve our valued clients with dedicated and experienced executive veterans.”

Client Turn-time has significantly reduced over the year. I believe it’s dropped almost seven days, so it’s been a pretty big gain from that. We’ve been able to reduce our days-to-close roughly from 40 days down to about 30 days.

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