Precision Funding with FlexClose® Funding
Imagine controlling the exact time funds arrive for a closing. What if you could fund your loan at any time and without delay or doubt? With FlexClose, you can.
- Eliminate the Fed wire cutoff with warehouse lending through FirstFunding and First American Trust®, FSB
- Dictate the exact time for funding without delays from Fed processing or waiting on bank receipt
- Remove the doubt surrounding wire fraud schemes
What if Your Funding Wasn’t Tied to the Clock?
How Does it Work?
A traditional closing depends on multiple disinterested parties and the Federal Reserve. Coordinating through separate parties takes time, increases the potential for errors and increases the lender’s risk.
Typical time to fund: 1-3 hours
FlexClose Funding™ services aligns the interests of the lender and settlement agent; reduces touches, errors and risk; and expands the funding window. All parties are aligned to present a customer-centric solution.
Typical time to fund: 5-15 minutes