FastClose - The Faster Way to Close
The FastClose program allows lenders to process and close
loans within hours of application. At a reduced cost, without
adding risk! Utilizing revolutionary processes and bundled
services, FastClose changes the way equity lending is done.
Gain a competitive edge and close more loans!
What is the FastClose program?
FastClose combines all the required elements to close an
equity or refi loan quickly, and at a substantial cost reduction
over traditional mortgage services.
FastClose incorporates:
Credit Report -
Access and pull credit reports from any or all three credit
repositories, as well as the capability to order online supplements
to get those hard to qualify applicants approved!
Flood Certification -
Order from the nation's leading flood providers and retrieve
instantaneous responses on 80-90% of requests.
Property Valuation -
No more waiting for appraisals. Receive immediate property
values from a variety of Automated Valuation Models (AVM)
and hybrid AVMs.
Lien Report -
Eliminate title turnaround time! Choose from 2 products that
provide the necessary lien status information and up to $1
million in coverage protection, at a fraction of the cost
of traditional title products.
- Mortgage Loan Report (MLR) - Generated
instantly, the MLR details any mortgage loan information
of the current owner reported to the credit repositories.
- Owners & Encumbrances / Property
Report (O&E) - A lien and tax search going back to the
time when the current owner took title of the property.
|