Loan NOW Released

Press Release - Closed First, Inc. (CFI) Introduces Loan NOW™, a dynamic web-based software environment that revolutionizes the Loan Business.

Oakland Park, FL—March 1, 2007—Closed First, Inc. (CFI) an innovative provider of industry-specific operational performance software, has announced the release of Loan NOW™, a dynamic web-based environment for the loan processing business.

Loan NOW is designed to automate and expedite originating, processing and closing loans. Loan NOW includes a powerful Contact Management tool for flawless Customer relationships and a Telephony portal for seamless communication with all involved in the loan process. The System works to simply keep people and files moving through the loan process by using automated alerts and notifications along with the smartest Qualification Decision Tools available. Loan NOW tracks every time an agent or staff touches a loan, and records client/agent conversations for audit verification through the use of the fully integrated Telephony. Digitally recorded conversations can be instantly accessed. Loan NOW’s Loan Origination Software (LOS) is unique and user intuitive, making completing loan documents simple. Loan NOW users have the ability to identify, price, underwrite and deliver loans much more quickly and efficiently. Actual results of clients have reported an average of 60% faster closings, with better accuracy than previous software.

Loan NOW provides a secure paperless file management system enabling document packaging and delivery with the click of a mouse. Net Branches are experiencing unprecedented improvements in collaboration and huge cost savings in package delivery services and deferred telephone costs. All that is needed to join the Loan NOW work environment is an Internet (or WiFi) connected computer and a headset. Loan Agents logged into the system can be seen as ‘Available’ from anywhere and can take calls and get business done. Loan Agents are no longer tied down to an office, and staff can easily get in touch with anyone logged into Loan NOW through the built-in instant messenger and internal chat vehicle.

“We have over 300 associates working across the U.S. and it seemed we were always spinning our wheels trying to keep in contact, updating files and managing the pipeline. No matter how hard we tried, business inevitably fell through the cracks. With Loan NOW we can focus our efforts on moving loans quickly through the process and growing our business. Loan NOW makes us stay on task and enables us to provide the best possible service to our customers, which assures us they will remain a client.” John Carney, Broker/Owner, Prime Financial

Loan NOW includes a vendor management system for easy and accurate information exchange between the organization and vendor partners. The built-in network gives greater reach in efforts to provide the fastest possible service to clients. Loan NOW also includes marketing campaign management and telephone marketing components designed to retain and generate business.

“No system available today provides a Contact Management piece, an LOS, Paperless File Management and a VoIP Telephone system all in one environment,” explains Mike Ammundsen, Closed First’s Chief Technology Officer. “No system gives as much power and control to Manager’s as the Loan NOW mentoring/coaching programs and reporting features. The release of Loan NOW will transform the way business gets done in not only the mortgage industry, but any industry involved in servicing consumer loans and beyond. We recognized a weakness in the industry and felt that many organizations could benefit from a solution that provided everything that was needed to run the loan business in a single web-based working environment"

About Closed First, Inc. (CFI)

Closed First, Inc. (CFI) is an innovative provider of industry-specific operational performance software offering solutions designed to partner in the success of our clients. Our systems are designed to automate workflow; improve operational efficiencies, increase productivity and generate revenue. Closed First’s flagship software product is Loan NOW™ designed specifically to efficiently operate the loan business. Closed First’s family of products includes solutions specific to the Education, Legal, Manufacturing and Recruiting industries.
Closed First, Inc. (CFI) is based in Oakland Park, Florida, just north of Miami and can be found online at www.loannowcrm.com or by phone at (866) 958-9996.

Closed First, Inc. (CFI)
5100 N. Dixie Hwy
Oakland Park, FL 33334


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Loan NOW and Loan NOW CRM are registered trademarks of Closed First, Inc. (CFI) Inc. All rights reserved.
Media Contacts:
Michael Kimble
Executive VP, Marketing and Business Development
(954) 958-9996 mkimble@closedfirst.com
www.loannowcrm.com

Contact Information

Mike Kimble

Executive VP, Marketing and Business Development

Closed First

Contact via E-mail