Technology Credit Union Now Using The FirstClose Report

Posted by Patrick Barnard on November 07, 2016 No Comments
Categories : Residential Mortgage

Technology Credit Union (Tech CU) is the latest mortgage lender to sign up for The FirstClose Report, a data-driven report that provides title search, flood certification, valuation and property information with lien protection insurance instantly.

In this case, Tech CU is using the FirstClose solution for its home equity business.

The FirstClose Report delivers everything a lender needs to instantly qualify applicants and review and approve loans. With it, lenders can reduce closing times from 40-plus days to less than 10 days. In addition, they can lower costs by 40%, on average.

What’s more, lenders using this tool can reduce risk, with $500,000 of A+ XIII-rated lien protection insurance per loan.

Tech CU is one of the Bay Area’s largest credit unions. The company serves more than 75,000 members, including employees from many of Silicon Valley’s top companies.

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