Austin, TX (PRWEB) October 15, 2015
First Lenders Data, Inc. (FirstClose) is pleased to announce that the company has added FICO, OFAC, and Fraud Alerts to its FirstClose Report™, the first instantaneous credit, flood, valuation, and title report. These new features bolster the company’s ability to provide instant data to banks and credit unions, reduce the lender’s risk, and enhance instant underwriting decisions.
The addition of FICO, OFAC, and Fraud Alerts augment The FirstClose Report’s existing ability to provide instantaneous credit, flood, valuation, and title search results with $500,000 of A+ rated Errors and Omissions Insurance to protect the lender’s lien position. Lenders utilizing The FirstClose Report™ are now able to view the credit score of a property’s owner to verify his or her credit worthiness, determine if a potential borrower is on the OFAC terrorist watch list, and become alerted to the potential of consumers creating high risk to the bank…all instantaneously. The addition of FICO, OFAC, and Fraud Alerts round out The FirstClose Report™ to ensure lower risks to the lenders, better data to reduce the chance of loan defaults, and the necessary steps for the lender to streamline processes and create efficiency.
“As a company always striving to help lenders obtain faster and better borrower and property data, we wanted to ensure that our customers were receiving a complete view of the various data elements available to them. The addition of FICO, OFAC, and Fraud Alerts ensure that our FirstClose Report™ is as robust and as meaningful to our lender customers as possible,” stated Tedd Smith, CEO of FirstClose. “We are always adding new features to our program and these new data elements help us take our instantaneous reports to the next level.”
For more information about FirstClose™ and to receive a sample report visit http://www.FirstClose.com.
About FirstClose™ and First Lenders Data, Inc. (FLDI)
First Lenders Data, Inc. (FirstClose), 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.
FirstClose™ is home of 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.