FirstClose, an Austin, Texas-based provider of technology solutions for mortgage lenders nationwide, on Tuesday said it added five new credit union clients in May.
The new credit union customers of FirstClose are:
- $1.1 billion Kitsap Credit Union, Bremerton, Wash.
- $64 million Cove Federal Credit Union, Edgewood, Ky.
- $115 million Santa Cruz Community Credit Union, Santa Cruz, Calif.
- $141 million Alabama Central Credit Union, Birmingham, Ala.
- $1.2 billion Purdue Federal Credit Union, West Lafayette, Ind.
According to the company, each of the five credit unions will be implementing the FirstClose Report, which it said is a home equity and refinancing tool that provides lenders with the information they need in order to close home equity and other types of loans. The CUs will be able to receive credit, valuation, flood, tax and title data within a single report, it said.
To accommodate this recent growth, FirstClose increased size internally with the hire of four new employees. Among these new employees are two additional members of the valuation team, who the company said will be instrumental in executing desktop valuations due to the increased client base.
“We have experienced tremendous growth this month and our hope is these new deals reflect our ability to meet the needs of lenders in a uniquely holistic way,” Tim Smith, co-founder and president of FirstClose, said in a statement.
“We anticipate continuing this pattern of growth while maintaining our high level of quality customer service,” Smith added.
FirstClose also serves as a middleware application that provides access to a host of national and local real estate service providers via the web or through direct integration into various loan origination systems.