Le Lézard
Classified in: Science and technology
Subject: Contract/Agreement

NXTsoft, FirstClose Develop API Partnership to Improve Lending Experience

NXTsoft (nxtsoft.com), the market leader in API connectivity, and FirstClose (firstclose.com), a leading provider of fintech solutions for mortgage lenders nationwide, have developed a partnership to connect their solutions for financial institutions using NXTsoft's established APIs. The partnership gives financial institutions the ability to implement FirstClose's point-of-sale digital lending platform - at application without additional manipulation of their core banking systems to render an instant loan decision by leveraging FirstClose's automated ordering technology for all origination and settlement services needed to close a loan.

FirstClose's end-to-end solution provides a decision for prospective borrowers within 30 seconds, significantly reducing closing times, increasing profitability, and reducing costs for mortgage lenders through technology and a fully automated user experience. The integration between NXTsoft and FirstClose leverages data from NXTsoft's core banking integrations to pass and populate key data at application to significantly streamline the borrower experience. Using award winning web apps, extensive vendor integrations, and LOS plugins, FirstClose offers the industry's first and only solution to deliver everything lenders need, from application to funding, via automation to streamline almost every aspect of the process. From application, credit, flood, and valuation solutions, to instant title, income verification, and automated decisioning capabilities, FirstClose enables lenders to compete for and close home equity and refinance loans unlike any other solution in the industry.

NXTsoft has provided connectivity to banks and credit unions for more than 25 years and has existing connection to 39 of the 41 current core banking platforms. Its OmniConnect platform provides secure, streamlined connectivity to most financial institutions in the country.

"FirstClose and NXTsoft have similar philosophies about why we are passionate about the solutions we provide to financial institutions," said Rich Longo, chief strategy officer and NXTsoft Omni division president. "Our collective goal is to empower financial institutions to digitally deliver the services consumers demand expeditiously and without headache, and the partnership between FirstClose and NXTsoft is a key piece the puzzle that accomplishes that."

NXTsoft provides financial institutions and partners with an additional level of security because it includes security monitoring for its API connectors through its OmniAlert solution, that is backed by a 24/7, U.S.-based SOC. OmniAlert ensures safer networks, earlier detection of intrusion and relevant and specific threat intelligence, so financial institutions can be confident that their connectivity with FirstClose will be secure.

"Developing partnerships like the one with NXTsoft goes a long way in creating more efficient, secure processes in the financial industry that can improve the lending experience for everyone involved and bring much needed peace of mind," said Tedd Smith, co-founder and chief executive officer of FirstClose. "Technology used properly has the potential of improving every aspect of lending. We will continue to do what we can to help that become a reality."

About NXTsoft

NXTsoft is headquartered in Birmingham, Ala., NXTsoft is the market leader in API connectivity, connecting Fintech companies to banks and credit unions throughout the United States. NXTsoft's other solutions include data security, data analytics, data management and data migration. NXTsoft's other solutions include data security, data analytics, data management and data migration. NXTsoft's products and services help businesses secure, connect and optimize their data to maximize revenue opportunities, enhance profitability, and mitigate cybersecurity risk.

For more information visit www.nxtsoft.com, email info@nxtsoft.com or call 1-800-915-3381.

About FirstClose

FirstClose is a highly respected provider of best-in-class property & borrower data intelligence and settlement services nationwide. The company specialize in delivering a powerful Saas Solution and LOS plugin that is the industry's first and only home equity and refi technology that offers everything from application to closing (credit, valuation, title, tax, flood, closing and recording) on one easy-to-navigate platform. In addition, FirstClose delivers simplified vendor management by consolidating best-in-class vendors and products on one platform. FirstClose ONE makes it easy to identify and repair the gaps where lender profits can be maximized. For more information visit www.firstclose.com, email info@firstclose.com or call 1-877-677-DATA (3282).

These press releases may also interest you

at 16:46
Stelco Holdings Inc. ("Stelco" or the "Company")  a low-cost, integrated and independent steelmaker and 100% owner of the operating company Stelco Inc., announced that it was subject to a criminal attack on its information systems. ...

at 15:49
Current Cloud Backlog of ?6.6 Billion, Up 16% At Constant Currencies IFRS Cloud Gross Margin Up 1.8pp; Non-IFRS Cloud Gross Margin Up 0.7pp At Constant Currencies IFRS Operating Margin Down 2.2pp; Non-IFRS Operating Margin Up 1.3pp At Constant...

at 12:10
Totaling a recently-purchased car is an extremely unpleasant situation. The insurance company will pay only the Actual Cash Value. Cars lose a significant portion of their value as soon as they leave the lot. The owner may be reimbursed with less...

at 12:00
A promo in need is a friend indeed! So Cubacel promo is back, more attractive than ever. Extra CUC? It's been taken care of. Cuban expats' families need more GB to stay connected? This promo's got that covered as well. So just like a genie in a...

at 02:00
Qi Card, the leading electronic banking solution and default national debit/credit card of Iraq has supported nearly one million Iraqis through a variety of credit options that power entrepreneurs, small businesses and personal spending, contributing...

at 01:00
Radsource, a leader in radiology clinical services and provider of Picture Archiving and Communication Systems (PACS), completed 9 installations of ProtonPACS for new customers in the third quarter of 2020. In the third quarter, Radsource installed...

News published on 16 september 2020 at 08:45 and distributed by: