FirstClose announced a new Application Program Interface (API) as part of its partnership with CRIF Lending Solutions.
FirstClose and CRIF Lending Solutions said they’ve developed a user-friendly interface that enables lenders to process home equity loans from a single software solution. Lenders can launch the FirstClose web interface directly from CRIF ACTion.
“We are excited about how CRIF ACTion’s newest integration to the FirstClose settlement services platform will help our mutual clients improve efficiency, slash processing time and remove paper from the real estate lending process,” CRIF ACTion Division President Kyle Kehoe said in a release. “Our mission is to help our clicks remove friction from the loan process, and this upgraded integration is another big step in that direction.”
The API will enable lenders to order all settlement services from CRIF without needing to go to a variety of outside websites; utilize current FirstClose vendors at a reduced cost; maintain and use current vendors; and allow FirstClose to manage the vendor turnaround time on their behalf.
The system also promises to automatically image returned reports in the CRIF system; reduce human error and duplicate data entry due to increased automation; and automatically populate data points such as property value and flood determination into the CRIF system.
“We are thrilled to partner with CRIF Lending Solutions to offer all of the features available within the FirstClose interface to CRIF customers,” FirstClose CEO Tedd Smith said. “We believe that this integrated interface is a must-have for lenders processing home equity loans.”