FirstClose Inc. says it is integrating the FirstClose ONE platform with Fiserv’s Mortgage Director loan origination system, enabling LOS users to directly order instant and bundled reports on flood, valuation, tax and title.
As more lenders look to diversify their business lines, FirstClose ONE’s integration allows current Mortgage Director users the ability to leverage the platform for home equity loans and HELOCs. The LOS makes all the necessary functionality available within a single lending environment, including access to FirstClose’s automated ordering, which is customized to mimic a lender’s underwriting product matrix, streamlining the loan fulfillment process.
The integration also gives Mortgage Director customers the ability to significantly speed up turnaround times and reduce costs, ensuring they stay profitable while increasing borrower satisfaction. These efficiency gains also help financial institutions stay competitive, regardless of the current market conditions.
“Partnering with Fiserv gives us an opportunity to share the benefits of FirstClose ONE to a market that might be new to originating loans outside of first liens,” says Tim Smith, CRO and co-founder of FirstClose. “The landscape of the industry is changing dramatically and rapidly. More lenders will need tools to meet the changing demands of borrowers.”
Photo: Tim Smith