FirstClose, an Austin, TX-based fintech provider of data and workflow solutions for mortgage and home equity lenders nationwide, raised $35M in Equity funding.
The investment was made by Lateral Investment Management.
The company intends to use the funds to expand its financial services presence to leverage property data intelligence, partners, and technology to enable lenders to compete for and close consumer loans.
Led by CEO Tedd Smith, FirstClose provides underwriting workflow automation technology, point-of-sale software, and data services for the U.S. home equity and mortgage markets to reduce the time to close HELOCs and mortgages for more than 400 banks and credit union customers. The company has strategic partnerships with MeridianLink and other LOS companies to embed its workflow automation and data solutions into their platforms.
FinSMEs
19/05/2022