FirstClose(TM) Announces Alternative Title Search Product Will Maintain Minimum FICO Score Requirement of 550.AUSTIN, Texas -- FirstClose, a service of First Lenders Data, Inc. (FLDI FLDI First Lenders Data Inc ), an Austin, Texas-based provider of bundled mortgage settlement services, announced today that its Equiguard product will maintain a minimum FICO score FICO Score A standard credit score which makes up a substantial portion of a credit report that credit bureaus sell to lenders so they can asses an applicant's credit risk and whether to extend them credit. requirement of 550 in light of industry rumors For other uses, see Rumor (disambiguation). Rumors is a farcical play by Neil Simon. At its start, several affluent couples gather in the posh suburban residence of a couple for a dinner party celebrating their tenth anniversary. that its competition plans to increase minimum FICO score requirements to 720 and above. Equiguard is available to FirstClose customers nationwide and is designed to streamline the closing process for all 2nd mortgage products. In addition to saving over half the cost of a title search, Equiguard also saves time and effort used to clear up discrepancies found in a search. With Equiguard, old mechanic liens, tax liens Tax Lien A claim imposed by the federal government to liquidate a persons property until owing tax and debt is fully paid. Notes: Tax liens can be purchased from the government in the form of an investment. and other items that may be found on a title search do not delay the closing of the loan. Loans close faster, with less effort and with the added benefit of insuring a 2nd place 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. position. "The Equiguard product was developed to help lenders mitigate mit·i·gate v. To moderate in force or intensity. mit  i·ga tion n. risk while still serving borrowers with sub-prime credit," said Tim
Smith Tim Smith is a common name. Notable people with the name Tim Smith include:
"We have been utilizing the Equiguard product for quite some time and we are very pleased that we are able to continue providing this product to customers with less than favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. credit scores," said Val Barrett of Amerifirst Home Improvement in Omaha, NE. "The decision by FirstClose to professionally underwrite To insure; to sell an issue of stocks and bonds or to guarantee the purchase of unsold stocks and bonds after a public issue. The word underwrite has two meanings. the Equiguard product has kept us in a position to compete and remain optimistically op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op comfortable during these challenging times." FirstClose[TM] offers customers nationwide a variety of bundled mortgage service options, including; credit reports, flood certifications, AVMs, full, desktop and drive-by appraisals, alternative title reports, title insurance, closing and recording services, in one easy-to-use bundled services platform. The FirstClose[TM] platform also enables lenders to integrate with legacy and existing front-end loan origination The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. systems to use as a single point of contact. About Amerifirst Home Improvement Finance Amerifirst Home Improvement Finance has been serving America's homeowners for over 25 years. Since our inception, we have focused exclusively on the home improvement industry, we have never been a lender involved in non-home related financing. Our job is to serve the needs of America's homeowners, nothing else! As such, we believe that we are able to provide superior financial products and services to America's homeowners because we understand and serve those needs exclusively. Amerifirst also directly serves the needs of home improvement contractors. We created the Remodel-Edge Program to help dealers finance more customers and to simplify the loan approval process. For more information regarding Amerifirst Home Improvement Finance, please visit the company's website at www.trustamerifirst.com. 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[TM] offers its products and services through its proprietary Web-based FirstClose(TM) 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[TM] provides more progressive services, including hybrid and gap valuations and alternative lien reports. For more information on FirstClose[TM] products and services, visit the company's Web site at http://www.firstclose.com/service_equiguard.php or call us at 512-514-6613. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion