FirstClose has announced the replease of the FirstClose ONE Digital Lending Platform (DLP), which modernizes its lending process.

FirstClose described the DLP as a web-based home equity calculator and branded application-management tool that is designed to automate the lending process. FirstClose ONE’s streamlined workflow helps manufacture loan files, eliminates touches, and lowers the cost to produce this type of loan.

The platform also enables consumers to review loan product offerings, check rates, and browse the estimated monthly payments based on the CLTV qualification requirements, all without officially applying.

“The demand for digital automation has significantly increased,” said Tim Smith, chief revenue officer of FirstClose. “We listened to our customers and created an optimal digital lending experience delivered through our FirstClose One platform, enhancing the customer experience and dramatically reducing the time it takes to fulfill a loan request. Do more, be lean and close more loans with less touches.”