FirstClose Aligns with Flagstar Bank to Provide Reporting and Closing Solution
December 12 2017 - 9:19AM
Business Wire
Partnership enables solution for efficient home
equity lending and LOS integration
FirstClose, a provider of technology solutions for mortgage
lenders nationwide, today announced an ongoing partnership with
Flagstar Bancorp, Inc. (NYSE: FBC) that will provide Flagstar
access to an end-to-end home equity lending technology solution, as
well as a vendor management system that eliminates duplicate data
entry.
FirstClose is now fully integrated into Flagstar’s MeridianLink
loan origination system (LOS), LoansPQ.
As a result of the partnership, Flagstar is able to order
property reports, flood certifications, desktop valuations and full
appraisals through FirstClose. In addition, FirstClose facilitates
closing and recording responsibilities for Flagstar.
“FirstClose offers a nationwide, one-stop solution to processing
home equity loans and home equity lines of credit,” said Bill
Carey, director of consumer finance at Flagstar. “We’re looking
forward to working closely with FirstClose to provide the best
service possible to our customers.”
“Not only is Flagstar proving to be a great customer, but they
are already becoming a valuable partner as well,” said Tedd Smith,
CEO of FirstClose. “The Flagstar team helped us perfect our
integration into the LoansPQ platform, enabling us to better serve
future customers.”
About Flagstar Bank
Flagstar Bancorp, Inc. (NYSE: FBC) is a $16.9 billion savings
and loan holding company headquartered in Troy, Mich. Flagstar
Bank, FSB, provides commercial, small business, and consumer
banking services through 99 branches in the state. It also provides
home loans through a wholesale network of brokers and
correspondents in all 50 states, as well as 95 retail locations in
27 states, representing the combined retail branches of Flagstar
and Opes Advisors mortgage division. Flagstar is a leading national
originator and servicer of mortgage loans, handling payments and
record keeping for $91 billion of home loans representing 415,000
borrowers. For more information, please visit www.flagstar.com.
About FirstClose
Headquartered in Austin, Texas FirstClose provides technology
solutions to mortgage lenders nationwide and serves as a middleware
application that provides access to a host of national and local
real estate service providers via the web or through direct
integration into various loan origination systems. The FirstClose
reporting suite is the first, comprehensive solution with
capabilities to deliver title, flood, valuation and other important
data elements in one report. For more information, visit
www.firstclose.com.
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for FirstCloseCatherine Mootz,
678-781-7227cmootz@williammills.com
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