FirstClose and Calyx Software Streamline Loan Closing Process

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FirstClose Inc., a fintech provider of data and workflow solutions for mortgage and home equity lenders nationwide, has integrated its home equity settlement services ordering module within FirstClose Equity with Calyx Software’s Point loan origination system.

Through the integration, Point users can originate home equity lines of credit (HELOCs) and home equity loans (HELs) within their LOS and complete the application through the closing process faster than the industry average of 45 to 60 days. FirstClose’s home equity solution reduces operational touchpoints and enables lenders to automate data collection, verification and settlement services ordering.

FirstClose’s order management module is currently used by more than 200 lenders nationwide to automate back-office manual processes. With the ability to modify settlement providers, its one-click ordering technology will enable Calyx Point lenders to reduce risk and grow their overall business.

“Mortgage rates are rising; homeowners are staying in their homes longer and they are in a much better financial position than ever before. All these pieces point to HELOCs and HELs as the right products for the times,” says Tedd Smith, CEO at FirstClose. “Having our order management module within Point will give Calyx users a simple and efficient way to capitalize on this growing market opportunity and stand out amongst the crowd by offering a significantly enhanced customer experience.”

Image by rawpixel.com at Freepik.

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