FirstClose Partners With Flagstar on Reporting and Closing Solutions

Dec 14, 2017

FirstClose has announced a partnership with Flagstar Bancorp Inc. 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.

“FirstClose offers a nationwide, one-stop solution to processing home equity loans and home equity lines of credit,” said Bill Carey, Director of Consumer Finance at Flagstar. “We’re looking forward to working closely with FirstClose to provide the best service possible to our customers.”

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.

“Not only is Flagstar proving to be a great customer, but they are already becoming a valuable partner as well,” said Tedd Smith, Chief Executive Officer of FirstClose. “The Flagstar team helped us perfect our integration into the LoansPQ platform, enabling us to better serve future customers.”

About the author

NationalMortgageProfessional.com

Link copied

Published

Dec 14, 2017

Non-QM

NMP Deal Desk: Kind Lending Highlights How Asset Utilization Can Help Qualify More Non-QM Borrowers

Kind Lending executives discussed how asset depletion works, which borrowers may benefit most, and why brokers should take a closer look at borrowers with significant assets but non-traditional income

Mortgage professionals looking for new ways to qualify borrowers with substantial assets but non-traditional income got a closer look at asset utilization lending during NMP's latest Deal Desk webinar, sponsored by Kind Lending.During the June 17 session, Qualify More Borrow...

Industry News

Congress Nears Final Vote On 21st Century ROAD to Housing Act

Senate voted 87-8 to advance House-amended package, with final votes expected in coming days

After months of stalled progress, the House and Senate have reached an agreement to pass the 21st Century ROAD to Housing Act (HR 6644), a sweeping housing package designed to boost housing supply and affordability.The Senate voted 87-8 on July 16 to consider the House-amend...