Austin, Texas (PRWEB) June 25, 2015
First Lenders Data, Inc. (FirstClose) is proud to announce the FirstLook Report™, the first instant and inexpensive prequalification tool (for first and second mortgages) that includes credit, valuation, flood, MLS, tax, property, and limited title data.
The FirstLook Report™ enables lenders to prequalify borrowers faster and cheaper than ever before by providing an instant report that includes; FICO/credit scores, the current market value of the property, a yes/no indicator as to whether or not the property is in a flood zone, the vested owner’s name, historical photos of the property, APN/Tax ID numbers, last sale/1st and 2nd mortgage loan amounts, the existing lenders’ names, LTV, CLTV, the legal description, high and low value ranges, confidence scores, tax assessed values, sales history, square footage, year built, the number of bedrooms and bathrooms, property type, census tract data, satellite images, and more.
The advantage of the FirstLook Report™ report is that it is instant, inexpensive, and comprehensive enough to provide lenders with the information they need to make an informed decision as to whether or not they should proceed to the next level in the loan origination process with prospective borrowers at the lowest possible cost.
“Loan officers, processors, and underwriters using the FirstLook Report™ obtain an inexpensive “sneak peak” at virtually everything they will eventually need in order to extend credit on real estate secured loans,” said Tedd R. Smith, CEO of First Lenders Data, Inc. (FirstClose). “We sought to combine instant data in a unique and inexpensive way so we could empower lenders earlier in the process with powerful tools to make decisions faster and less expensive than ever imagined. We know the FirstLook Report™ will provide tremendous value to our lenders and can’t wait to see their borrowers benefit from such an amazing product.”
For more information about FirstClose and to receive a sample report visit http://www.FirstClose.com.
About FirstCloseTM and First Lenders Data, Inc. (FLDI)
FirstCloseTM is a service of First Lenders Data, Inc. (FLDI), a privately held company based in Austin, Texas. Founded in 2000, the company provides cutting-edge technology solutions to mortgage lenders nationwide. FirstClose™ is a proprietary software platform designed to deliver mortgage lenders end-to-end solutions from loan application to closing.
FLDI is home of The FirstLook Report™ and The FirstClose Report™, the first instantaneous and guaranteed owners and encumbrance property report with a life of loan flood certification, current market value, interior and exterior photos of the property, copy of the deed, liens, judgments, transaction history, subject property data, tax information, and lien protection insurance, all delivered within seconds, within one report.
FirstClose offers lenders their choice of nationally recognized providers as well as local vendors. Services available include; credit reports, automated valuation models (AVMs), guaranteed AVMs, AVM validation, desktop appraisals, 2055 drive-by appraisals, full 1004 appraisals, BPOs, flood determinations, limited title searches, owners and encumbrance reports, legal and vesting reports, lien protection insurance, lien reports, title insurance, income verification, tax tracking services, document preparation, fraud detection, closing services, recording services, loan origination system integrations, and more. For more information on FirstClose products and services, visit the company’s web site at http://www.firstclose.com or call 1-877-677-3282.