FirstClose, a service of First Lenders Data Inc., an Austin, Texas-based provider of technology services for the mortgage lending industry, has formed a strategic alliance with America's Home Rescue LLC to provide technology services designed to significantly streamline the pre-foreclosure and short-sale process. According to the companies, this alliance offers unique benefits to homeowners, real estate agents and lending institutions alike.
America's Home Rescue provides advanced training for real estate and mortgage professionals to learn the precise manner of submitting and closing short-sale transactions to help homeowners avoid foreclosure. The company says it has trained over 12,000 real estate professionals and is working exclusively with FirstClose to help automate documents, enhance communication and fulfill settlement services for all parties involved.
In addition to providing lenders with one-stop access to the leading vendors for flood determinations, appraisals and title work, FirstClose has developed proprietary software that automates key components of the short-sale document submission process to the nation's largest lenders.
‘Part of the backlog in the loss mitigation process and a significant contributor to why so many homeowners are ultimately going to foreclosure is due to a breakdown in communication between borrowers and lenders,’ notes Stacy Spickes, president of America's Home Rescue. ‘Training everyone involved and making communication more efficient helps homeowners and lenders while reducing the number of properties that go into foreclosure.’
