FirstClose Equity Now Integrated with The Closing Exchange
AUSTIN, Texas, March 11, 2024 – FirstClose™, Inc., a leading fintech provider of data and workflow solutions for mortgage and home equity lenders nationwide, announced today that its home equity platform, FirstClose Equity, is now integrated with The Closing Exchange’s, notary and eSigning service, CXChoiceTM, to offer a complete suite of signing options for home equity transactions.
The integration provides lenders with a flexible way to schedule and manage their signing services, whether it’s traditional ‘wet signing’ in branch, mobile notary, RON, IPEN or a hybrid. The Closing Exchange’s built-in logic ensures compliance with state regulations and lender specific guidelines. The ultimate result is that home equity lenders can now offer digital signings to their borrowers with ease, limited set up time, and all through one system– FirstClose Equity.
Digital and hybrid signings accelerate loans closings, reduce errors and instantly return signed documents. Built-in know your customer technology increases the security of these transactions.
“Consumers are demanding a more flexible, more-modern signing experience similar to the ones they encounter in other everyday situations. To compete, lenders need to provide a range of signing options in a seamless and convenient manner. Our partnership with The Closing Exchange makes this happen,” said Ramiro Castro, Chief Product Officer at FirstClose. “It sets the stage for a better client experience, not only at closing, but throughout the entire transaction.”
Three FirstClose credit union clients are already using this integration to enhance their members’ HELOC experience with full RON closings. One credit union, based in Michigan, was able to initiate digital signings in less than one week, and move to 100 percent RON closings within one month.
“Leveraging our CXChoiceTM platform and its integrations with various digital signing and notarization platforms, FirstClose will be able to help hundreds of lenders provide a better borrower experience at closing,” said Alan Frelix, CEO of The Closing Exchange. “Together, we are opening doors for our respective lender clients who are struggling to transition to a digital mortgage process while providing the various signing options borrowers demand.”
About The Closing Exchange
The Closing Exchange is a dynamic technology and signing service company that provides nationwide notary/attorney signing services, eSign/hybrid and RON enablement through its CXChoice™ and SigningChoice platforms, along with its Interactive Scheduler and CXIntelligence tools. The Closing Exchange blends its unmatched quality and coverage, along with its focus on technology, and its focus on security and compliance to Transform the Way Signing Services are done. For more information, visit www.TheClosingExchange.com..
About FirstClose
Headquartered in Austin, Texas, FirstClose, Inc. provides fintech solutions to HELOC and mortgage lenders nationwide. The company’s mission is to increase profitability and reduce cost for mortgage lenders. FirstClose makes this possible through offering systems and relationships that enable lenders to assist the lender’s borrowers more effectively, reduce closing costs, and ultimately shorten closing times. For more information, visit firstclose.com.
