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FirstClose Processes $7.1 Billion in Loans for Financial Institutions since the start of 2017


– Company’s success leads to internal growth-

 

Austin, Texas, August 8, 2018 – FirstClose, a leading provider of technology solutions for mortgage lenders nationwide, today announced that it has processed $7.1 billion in loans for its customers located in all 50 states since the beginning of 2017.

In addition, FirstClose has processed over 113,000 loan requests and its in-house valuation team has completed 10,275 desktop valuations.

This success is due largely to the company’s bank and credit union customers implementing the FirstClose Report, the first comprehensive solution with capabilities to deliver title, flood, valuation and other important data elements in a single report.

To keep up with this massive customer success and growth, FirstClose has expanded its team to include the following new hires: Karen Crow as senior account executive, Marie Gonzalez as account executive, Rebecca Black as account manager and Martha Bannerman as customer acquisition specialist. As a veteran of the industry, FirstClose is honored to have Karen join the team bringing with her 26 years of industry experience, most recently from CRIF Lending Solutions.

“We are thrilled to be able to help our customers achieve such amazing success and equally excited about the tremendous growth of our team as a result,” said Tedd Smith, chief executive officer of FirstClose. “We will continue to strive for excellence in providing innovative technology solutions to lenders across the country.”

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.

Josh Hurley, Lending Supervisor, Umpqua Bank