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FirstClose(TM), A Service Of FLDI Announces Fannie Mae Compatible Technology Integration

June 30, 2006

AUSTIN, Texas--(BUSINESS WIRE -- First Lenders Data, Inc. an Austin, Texas-based provider of bundled settlement service solutions to the mortgage lending industry has integrated its FirstClose(TM) system with any LOS (Loan Origination System) that utilizes the Fannie Mae .fnm format. FirstClose, a .net application, now has the ability to upload the Fannie Mae 1003 mortgage application from any compatible LOS thus eliminating additional key entry.

"We chose to make FirstClose compatible with the Fannie Mae .fnm format to seamlessly link FirstClose with all LOS solutions utilizing the Fannie Mae .fnm format," said Gabriel Flores, Chief Operating Officer of FLDI. "If a lender is looking to interface settlement service providers with their LOS, FirstClose is the easiest solution since this one interface is compatible with the majority of LOS systems on the market today."

FirstClose offers customers a nationwide variety of integrated bundled mortgage service options, including: credit reports, flood certifications, AVMs, full, desktop and drive-by appraisals, title reports, title insurance, closing and recording services, in one easy-to-use bundled services platform. The FirstClose platform also enables lenders to integrate with legacy and existing front-end loan origination systems to use as a single point of contact.

"FirstClose mortgage technology solutions meet the evolving needs of today's lenders," said Timothy R. Smith, President of FLDI. "We believe that a lenders decision to utilize FirstClose, will enable them to increase efficiencies, save time, cut costs and gain market share."

Source: FirstClose(TM), A Service of First Lenders Data, Inc. (FLDI)



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