FirstClose Raises $35 Million In Equity Funding

FirstCloseAnonymous AustinTX-based fintech provider of data solutions and workflow solutions for mortgage and homeowner equity lenders, eBay raised $35M Equity funding.

TheThe investment was made in Lateral Investment Management.

TheThe company plans to use the funds for expansion of its financial services presence to leverage technology and partners to enable lenders to compete to close consumer loans.

LedBy CEO Tedd Smith, FirstCloseProvides underwriting workflow automation technology, point of sale software, and data services to the U.S. home and mortgage markets to reduce time to close HELOCs. TheCompany has strategic partnerships with MeridianLink, LOS companies, to embed its workflow automation solutions and data solutions into their platforms.



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