Industry News

Florida bank gets bundled real estate technology services

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First Lenders Data Inc. (FLDI) today announced that Leesburg. Fla.-based First Federal Savings Bank has selected FirstClose, FLDI's bundled services platform, to manage its mortgage technology needs. First Federal Savings Bank, which closes approximately 400 mortgage loans per month, has been a customer of FLDI since 2001, when it selected the company to provide flood certification services. In April 2004, the bank expanded its use of FLDI's services to include other flood, credit and AVM services. "Our decision to expand our relationship with FLDI is based on our need to streamline our mortgage technology vendor management as we grow," said Karen Hollister, vice president of loan operations at First Federal Savings Bank. FLDI works directly with mortgage technology vendors on the behalf of lenders to provide customers with a variety of mortgage products through its FirstClose platform. Austin, Texas-based First Lenders Data Inc. is a provider of settlement service products to th...