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FirstClose(TM), A Service Of FLDI Announces Fannie Mae Compatible Technology Integration.


AUSTIN, Texas -- First Lenders Data, Inc. an Austin, Texas-based provider of bundled settlement service solutions to the mortgage lending industry announced today the completion of a project that integrates its FirstClose(TM) system with any LOS LOS Length of stay, see there  (Loan Origination The examples and perspective in this article or section may not represent a worldwide view of the subject.
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 System) that utilizes the Fannie Mae Fannie Mae: see Federal National Mortgage Association.  .fnm format. FirstClose, a .net application, now has the ability to upload the Fannie Mae 1003 mortgage application from any compatible LOS thus eliminating additional key entry.

"We chose to make FirstClose compatible with the Fannie Mae .fnm format to seamlessly link FirstClose with all LOS solutions utilizing the Fannie Mae .fnm format," said Gabriel Flores Flores, town, Guatemala
Flores (flōrəs), town (1990 est. pop. 2,200), capital of Petén department, N Guatemala. Flores was built on an island in the southern part of Lake Petén Itzá and on the site of the
, Chief Operating Officer Chief Operating Officer (COO)

The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president.
 of FLDI FLDI First Lenders Data Inc . "If a lender is looking to interface settlement service providers with their LOS, FirstClose is the easiest solution since this one interface is compatible with the majority of LOS systems on the market today."

FirstClose offers customers a nationwide variety of integrated bundled mortgage service options, including: credit reports, flood certifications, AVMs, full, desktop and drive-by appraisals, title reports, title insurance, closing and recording services, in one easy-to-use bundled services platform. The FirstClose platform also enables lenders to integrate with legacy and existing front-end loan origination systems to use as a single point of contact.

"FirstClose mortgage technology solutions meet the evolving needs of today's lenders," said Timothy R. Smith, President of FLDI. "We believe that a lenders decision to utilize FirstClose, will enable them to increase efficiencies, save time, cut costs and gain market share."

About FirstClose(TM), A Service of First Lenders Data, Inc. (FLDI)

FirstClose(TM), A Service of First Lenders Data, Inc. (FLDI) is an Austin, Texas-based provider of settlement service solutions to the mortgage lending industry. FirstClose offers its products and services through its proprietary Web-based FirstClose platform. The company's product offerings include credit reports, flood certifications, AVMs and traditional valuation products, as well as income verification title, doc prep, closing, title and recording services. Additionally, FirstClose provides more progressive services, including hybrid and gap valuations and alternative lien lien, claim or charge held by one party, on property owned by a second party, as security for payment of some debt, obligation, or duty owed by that second party.  reports.

For more information on FirstClose products and services, visit the company's Web site at www.firstclose.com.
COPYRIGHT 2006 Business Wire
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Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jun 28, 2006
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