Bethpage Federal Credit Union Opts For The FirstClose Report

FirstClose, an Austin, Texas-based aggregator of mortgage settlement services, says that Bethpage Federal Credit Union has selected The FirstClose Report to obtain instantaneous title search, flood certification, valuation and property information with $500,000 of lien protection insurance for all of its home equity lines of credit and home equity loans.

With this move, Bethpage Federal Credit Union – the 16th largest credit union in the U.S. and New York state’s largest, with $6.8 billion in assets – joins the growing list of financial institutions that have recognized the advantages The FirstClose Report offers.

According to FirstClose, the patent-pending FirstClose Report offers Bethpage Federal Credit Union a way to shorten turn times by 47% by delivering an instant, comprehensive report while also drastically reducing costs by an average of 20% and decreasing risk with $500,000 of A+ XIII-rated lien protection insurance per loan.

“We searched for a comprehensive provider and are excited to streamline our costs and services by utilizing The FirstClose Report. Their unique technology allows us to have instantaneous information at a fraction of what we were paying before,” says Jorge Ponce, home equity product manager at Bethpage Federal Credit Union.


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