FirstClose Plans to Accelerate Growth with $35 Million Investment from Lateral
Summary
AUSTIN, Texas--(BUSINESS WIRE)--FirstClose, Inc., a leading fintech provider of data and workflow solutions for mortgage and home equity lenders nationwide, has closed a $35 million investment from growth equity firm Lateral Investment Management to accelerate its product and growth strategies. FirstClose provides underwriting workflow automation technology, point-of-sale software, and data services for the U.S. home equity and mortgage markets. FirstClose will use the funds to expand its ever-growing financial services footprint to leverage property data intelligence, industry-leading partners, and groundbreaking technology to enable lenders to compete for and close consumer loans unlike any other solution in the industry. “We believe that FirstClose has a critical role to play in streamlining the origination, underwriting and closing processes in the $200 billion consumer home loan market.” Based in Austin, Texas, FirstClose provides solutions that dramatically reduce the time to close HELOCs and mortgages for more than 400 banks and credit union customers. Lateral embraces the mission of companies that create high quality jobs, protect the earth, and solve problems for humanity.