FirstClose Equity is one of the first and only point-of-sale/underwriting platforms specifically built for home equity. The company’s solutions enhance the borrower experience and enable lenders to deliver instant approval thus closing HELs and/or HELOCs in as little as five days.
FirstClose’s flagship home equity platform, FirstClose Equity, is a one-of-a-kind equity solution that reduces operational touch points in HEL and HELOC origination. The end-to-end platform includes a borrower-facing point-of-sale solution that gives consumers instant online feedback on their home valuation, available home equity and loan options, decision-making engine that quickly delivers credit decisions and automated workflows. In 2022, FirstClose significantly enhanced and released the second generation FirstClose Equity product that now includes a borrower-facing point-of-sale solution, private labeling features including the URL and launched the second generation version of its platform with loanDepot enabling the company to originate digital HELOCs among other accomplishments.
