FirstClose™ Announces New Patent Pending Technology "The Intelligence Engine"

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First Lenders Data, Inc. (FirstClose™) is pleased to announce that the company has officially filed for patent pending rights to the company’s cutting edge software as a service, The FirstClose Report™.

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First Lenders Data, Inc. (FirstClose™) is pleased to announce that the company has officially filed for patent pending rights to the company’s cutting edge software as a service, The FirstClose Report™.

This pioneering technology termed “The Intelligence Engine” is engineered for speed and is the backbone of The FirstClose Report™. Created to streamline vendor management order and delivery protocols, automate settlement service ordering, and do so in concert with lender’s specific underwriting and risk guidelines, the patent pending technology reduces turn-time to seconds, cuts lender costs dramatically, and significantly reduces risk.

The FirstClose Report™ delivers an instantaneous guaranteed owners and encumbrance/property report combined with a life of loan flood certification, credit data, current market value, photos of the property, copy of the deed, liens, judgments, transaction history, tax status, fraud alerts, and lien protection insurance, all within one complete report.

In addition to the automated underwriting intelligence built into the system, the report itself becomes a living document, updating itself instantly as supporting documentation and other data elements are acquired in an automated fashion by the systems and data sources.

“Developing technology to create efficiencies in mortgage lending has always been our company’s primary focus. When we created “The Intelligence Engine” and The FirstClose Report™ to automate so many labor intensive facets of the mortgage origination process, we knew we had to apply for patent protection rights with the U.S. Patent Office. The system so drastically reduces costs, closing times, and risk, its hard not to be excited about what it can do for our lender customers and the mortgage industry as a whole.” stated Tedd Smith, CEO of FirstClose™.

For more information about FirstClose™ and to receive a sample report visit http://www.FirstClose.com.

About FirstClose™ and First Lenders Data, Inc.
FirstClose™ is a service of 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™ also provides the most robust, yet user friendly vendor management system available. When used in its entirety, duplicate data entry is completely eliminated.

In addition to The FirstClose 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 and back-testing, appraisals, gap valuation services, 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, mortgage leads, foreclosure data, insurance services, 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.

Contact:
Timothy R Smith
Chief Revenue Officer
First Lenders Data, Inc.
6618 Sitio Del Rio Blvd, E-101
Austin, TX 78730
Direct: 512-600-2254
Mobile: 512-773-6750
Email: Tim.Smith(at)fldi(dot)com

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