FirstClose Launches Instant Mortgage Prequal Tool – NMP Skip to main content

FirstClose Launches Instant Mortgage Prequal Tool

Oct 31, 2017
FirstClose has announced the launch of its FirstClose ONE platform

FirstClose has announced the addition of the FirstLook Report, an instant prequalification tool for mortgage lenders, to its portfolio of service offerings. The FirstLook Report allows lenders to efficiently prequalify borrowers by providing a multi-service report that includes credit, property valuation, flood zone indicator, title search, tax and MLS information, complementing the FirstClose Report, which serves home equity/consumer lending departments at banks and credit unions.
 
The FirstLook Report provides lenders with all the information they need to make an informed decision about proceeding to the next level in the loan origination process with a potential borrower.
 
“We created the FirstLook Report because we had not seen anything available to lenders that could help them in so many different ways at once during the complex loan origination process,” said Tedd Smith, Chief Executive Officer of FirstClose. “Not only does this report give them an idea of everything they will eventually need in order to extend credit on real estate secured loans, but it also empowers them to make faster decisions at a very minimal cost.”

 
About the author
Published
Oct 31, 2017
More from
Tech
New AI-Run Mortgage Startup Builds Database Of 224,000 LOs

LenDb.ai is making LO records available to AI assistants, offering a potential new way for borrowers to find originators

Nov 05, 2026
Gateway Taps ICE For Servicing Overhaul After $2.4B MSR Sale

The lender is consolidating servicing operations on ICE's MSP platform after disclosing regulatory capital constraints that have limited its ability to retain MSRs

Nov 05, 2026
Rocket's New Tool Lets Brokers Counter Rival Refi Offers On The Spot

Born from a broker's winning Big Pitch proposal, Quick Counter analyzes competing Loan Estimates and generates alternative offers during borrower calls

Nov 03, 2026
Dark Matter Expands AI Ambitions With House Numbers Acquisition

The deal builds on a series of automation initiatives as the tech provider moves toward AI agents capable of executing tasks throughout the loan lifecycle

Nov 02, 2026
Friday Harbor Expands AI Appraisal Reviews As UAD 3.6 Deadline Nears

The new capability adds more than 350 automated checks as lenders prepare for the November 2 mandate

Oct 27, 2026