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FirstClose Provides Licensed Software Technology to Mortgage Cadence

New agreement to enable faster integrations with Mortgage Cadence vendors

FirstClose, a provider of end-to-end technology solutions for refinance and home equity lenders nationwide, today announced that Mortgage Cadence, an Accenture (NYSE: ACN) Company, has purchased a licensed copy of its proprietary software, providing a lights-out integration between the two companies and enabling Mortgage Cadence to complete faster integrations with large national vendors.

Overall, the agreement between Mortgage Cadence and FirstClose will, in phases, provide Mortgage Cadence customers and vendors a better, faster and more cost effective means by which to connect with one another to order and deliver any mortgage settlement service. In addition, Mortgage Cadence and FirstClose are exploring additional areas of collaboration to allow Mortgage Cadence customers to access unique FirstClose offerings including faster access to small to medium sized appraisers and local title companies, as well as the FirstClose Report, the first comprehensive refinance and home equity loan solution with capabilities to deliver title, flood, valuation and other important data elements in one report.

“We are happy to provide our software to Mortgage Cadence and assist in the creation of its third-party integration hub,” said Tedd Smith, co-founder and chief executive officer of FirstClose. “This new agreement will expedite vendor management integrations to an extreme level of efficiency using the most current and state-of-the-art technology available in industry.”

Leadership | FirstClose solutions, both through our web interface and our LOS integrations, offers lenders the efficiency and cost reduction tools needed to stay competitive in today’s market place. With the increasing regulations coming out of Washington, it's important for lenders to find new and improved ways to stay compliant, while keeping closing costs and turn-times to a minimum.

Patrick McClain, CFO/COO, FirstClose