FirstClose, an Austin, Texas-based provider of technology solutions for mortgage lenders nationwide, received a multi-million dollar funding.
Cypress Growth Capital, a royalty-based growth capital investor, provided the funding.
The company intends to use the funds for sales and marketing initiatives, new hires, account management, technology-focused initiatives and enhancements, vendor and LOS integrations, finance and accounting.
Led by Tedd Smith, chief executive officer, FirstClose provides technology solutions to mortgage lenders nationwide and serves as a middleware application that provides access to a host of national and local real estate service providers via the web or through direct integration into various loan origination systems.
The FirstClose reporting suite is a comprehensive solution with capabilities to deliver title, flood, valuation and other important data elements in a single report.