AUSTIN, Texas– FirstClose, a provider of technology solutions for mortgage lenders, reported it added 65 new clients during 2018, including Truliant Federal Credit Union, FirstBank and The Washington Trust Co. It said it has also integrated with multiple new vendor partners, to close out 2018 as one of the most successful in the company’s history.
Helping to fuel the growth during 2018 was a multi-million-dollar investment from Cypress Growth Capital, FirstClose said, adding the investment provided it with the capital to continue innovative enhancements to its product line and add additional staff and leadership to support the company’s growth and customer base.
“As for the product, 2018 brought a great deal of changes and developments,” FirstClose said. “New features included enhanced decisioning logic and the current migration to cloud-based services, which will provide users with a product that is both reliable and easier to use while enhancing the borrower experience.”
FirstClose said it also formed new partnerships as well as enhanced current relationships with vendors like Chicago Title, First American, Financial Dimensions and ServiceLink to ensure clients “can operate seamlessly in their workflow, ensuring complete, compliant and accurate loan closings.”
What’s on the Horizon
On the horizon for 2019 are enhanced user experiences, advanced reporting features, automated billing and additional LOS integrations, FirstClose said.
To support the company’s growth, FirstClose said it hired 15 new employees whose roles span all departments. Those additions include two new executives to the team: Chief Technology Officer Pat Downing and COO/CFO Patrick McClain.
“2018 was an exceptional year for us, exceeding our year-end goals. We are grateful to our clients, investors and partners for making this year so successful,” said Tedd Smith, CEO and co-founder of FirstClose. “There are so many new product developments and partnerships coming in 2019 and it is our hope that the coming year will be just as successful as the last.”