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FirstClose secures $35m investment from Lateral

FirstClose, a fintech provider of data and workflow solutions for mortgage and home equity lenders nationwide, has closed a $35 million investment from growth equity firm Lateral Investment Management to accelerate its product and growth strategies.

FirstClose provides underwriting workflow automation technology, point-of-sale software, and data services for the U.S. home equity and mortgage markets. FirstClose will use the funds to expand its ever-growing financial services footprint to leverage property data intelligence, industry-leading partners, and groundbreaking technology to enable lenders to compete for and close consumer loans unlike any other solution in the industry.

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