Home›Real Estate›Mortgages›FirstClose points-of-sale platform boosts home equity…

FirstClose points-of-sale platform boosts home equity pre-approvals

FirstClose says lenders using XpressEquity have seen application volume rise 40 percent, with completion rates reaching 50 percent.

Reported · Written up by our desk · Mortgages

Mortgage News Daily highlights a push to streamline home equity lending through XpressEquity, a home equity-specific point-of-sale platform from FirstClose that provides borrowers a pre-approval decision after answering a handful of questions.

The outlet says the pre-approval workflow is designed to reduce friction in the application process, and it cites lender results including 40 percent higher application volume and completion rates up to 50 percent.

Separate from the product discussion, Mortgage News Daily notes an upcoming panel debate on the future of RESPA Section 8 and whether mortgage industry rules still serve their intended purpose, with panelists including attorneys and executives from Mayer Brown, JPMorgan Chase, and other participants.

More like this

Sources