FirstClose, a provider of technology solutions for mortgage lenders nationwide, has announced a partnership with Flagstar Bank 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,” says Bill Carey, director of consumer finance at Flagstar, in a release. “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,” says Tedd Smith, CEO of FirstClose. “The Flagstar team helped us perfect our integration into the LoansPQ platform, enabling us to better serve future customers.”