1 Source Data and First Lenders Data Announce Partnership
with
First Close, LLC
Partnership to enhance unique mortgage services transaction
management platform
Focus on bundled services through branded front-end
SAN DIEGO: January 2, 2004 – 1 Source Data, a leading
provider of credit and mortgage closing systems, and First
Lenders Data, Inc. (FLDI), an expert in cost effective solutions
for the mortgage lending industry, today announced the creation
of a new partnership, FirstClose, LLC. Through FirstClose,
LLC, the partners will further develop FirstClose, the first
easy-to-use, easy-to-implement, transaction management system
for mortgage credit, collateral valuation and other settlement
services.
Increasingly, major banks, credit unions and brokers are
attempting to reach-out to loan originators and processors.
By offering instant loan approval, credit ordering, and
other loan origination and closing services, they are building
a nationwide presence and increasing loan production. However,
offering a broad range of settlement services on a single
platform is a technical and administrative challenge beyond
the capabilities of many organizations.
According to John Merrill, President of 1 Source Data, “FirstClose
is the only system that bundles a wide range of services,
extends discounted prices and bills clients on a single
invoice – all from a web-based platform. In addition,
FirstClose clients can call a single customer service number
for any questions that might arise, for any of the services.”
“At FLDI, our mission is to provide next generation
mortgage services by bundling the latest real estate settlement
services," says Tedd Smith, Chief Executive Officer
of FLDI. “With FirstClose, FLDI intends to provide
a superior transaction platform specifically designed to
facilitate services bundling. The partnership and future
development with 1 Source Data will allow FLDI to expand
the services that we offer to our client lenders."
FirstClose provides a single web-based transaction platform
for ordering and managing loan files. Through bundling,
all required reports can be combined into a single product,
at half the cost of traditional services. It can be customized
to particular lending requirements and even allow clients
to choose their own vendors. In addition, clients may brand,
or private label FirstClose.
For more information on FirstClose, visit www.FirstClose.net.
More Information on 1 Source Data’s Credit
Services.
MORE NEWS...
01.02.2004
1 Source Data and First
Lenders Data Announce Partnership with
First Close, LLC
10.01.2003
1 Source Data Adds Credit
Analyzer Re-Score Simulator to its Origination Tools Software
Suite
09.13.2003
1 Source Data Adds Quick Value
AVM Services to its Funding Tools Software Suite
04.04.2003
1 Source Data Adds Notary Management
to its Software Suite
01.13.2003
1 Source Data Adds Value Comp
to its Funding Tools Services
12.09.2002
1 Source Data Forms Partnership
With RealEC™
11.26.2002
1 Source Data Releases Origination
Tools Version 5.0
