FirstClose™ Reduces Closing Times for Superior Savings Credit Union from 30 days to 5 Days Plus $350 in Savings Per Loan

AUSTIN, Texas & CLEVELAND--(www.AllPayNews.com)--FirstClose, a service of First Lenders Data, Inc., announced today that it has added Superior Savings Credit Union to its list of growing customers. Superior Savings CU is now utilizing the FirstClose bundled mortgage settlement platform to obtain Credit Reports, Flood Zone Determinations, Automated Valuation Models (AVMs), and Equiguard, an instant alternative to title reports for home equity and second mortgage transactions.

“The FirstClose bundled service platform is a great fit for our company,” said Lorie Jackson, Operations Manager of Superior Savings CU. “FirstClose has helped us combine many of our settlement services into one platform and we have already started saving time and money. All products are usually instantaneous which translates into faster closings for our members. We went from closing loans in 30 days to closing loans in 5 days…with a savings of approximately $350 per loan.”

Superior Savings CU has been using FirstClose since February 1, 2008. The communication tools, elimination of duplicate data entry, and cost savings derived provides Superior Savings CU with results that make a significant impact on closing costs and closing times.

“We always like to hear when a new customer derives benefit from our services so quickly,” said Tedd R. Smith, Chief Executive Officer of First Lenders Data, Inc. “Providing efficiency to loan officers and processors while saving members time and money, helps us achieve our primary goal of helping everyone in the mortgage process.”

For more information about FirstClose, visit www.FirstClose.com or contact Van G. Hill, National Accounts Manager, at 877-677-3282 or Van.Hill@FirstClose.com.

About FirstClose™ and First Lenders Data, Inc.

First Lenders Data, Inc. is an Austin, Texas-based technology provider of mortgage origination and settlement services. FirstClose offers loan origination systems with automated underwriting and automated decisioning capability. Additional services include; credit reports which feed the automated underwriting and decisioning systems, automated valuation models (AVMs), guaranteed AVMs, AVM validation and back-testing, appraisals, gap valuation services, BPOs, flood determinations, flood insurance, hazard insurance, property reports, legal and vesting reports, lien protection insurance, title insurance, income verification, tax tracking, document preparation, fraud detection, closing and recording services, mortgage leads, foreclosure data, and more.

For more information on Superior Savings CU, visit the company’s web site at www.superiorsavingscu.com or call 330-833-0751.

Contacts
FirstClose(TM),
a service of First Lenders Data, Inc. (FLDI)
Tedd Smith, 512-514-6614
tedd.smith@firstclose.com