FirstClose
Request real estate services with the FirstClose Connector. Integrated to the Temenos LMS loan origination module.
The FirstClose Connector provides access to the FirstClose ONE platform of solutions allowing financial institutions the ability to order and process real estate services, such as appraisal, automated valuation, closing, flood certification, property condition report, recording, tax service, title search, valuation, and verification directly within Temenos LMS Origination.
Key Features
Simple and Seamless Ordering
The FirstClose connector allows users to seamlessly request real estate services directly within the Loan Origination module. When real estate services are requested from FirstClose, the data from the loan application is auto-populated in the order to eliminate duplicate data-entry and minimize human errors.
Automated Document Management
Once an order is completed, the loan application will automatically be updated with the order details. The details of the order will also be mapped back into the Collateral Panel to view, and the order will load into the Loan Origination system as a PDF to be accessed.
Tracking and Reporting
Track the status of submitted loan applications, review comments, notifications, and increase your communication to vendors on status of orders in the Comment History screen directly integrated into the Loan Origination system. By accessing this data in one system it will also give you the ability to view turn-time reports and pending reports.
Benefits
Single System of Record
All tools needed to request, contact vendors, underwrite and approve applications are available within one centralized system.
Time Efficiency and Data Accuracy
Existing borrower, collateral, and loan information is automatically transmitted between the module and FirstClose, greatly reducing the amount of manual data entry required.