Case Study

Westlake Securities served as exclusive financial advisor to FirstClose, a leading provider of technology solutions for mortgage lenders nationwide, on the successful completion of a multi-million dollar senior credit facility with Pacific Western Bank.

FirstClose is an Austin, Texas-based provider of technology solutions for mortgage lenders nationwide. The company’s platform serves as a middleware application delivering access to national and local real estate service providers, including title, flood, valuation, and other critical data elements, via web or through direct integration into loan origination systems.

By 2019, FirstClose was experiencing consistent year-over-year growth driven by strong demand from mortgage, home equity, and HELOC lenders. To capitalize on this momentum and grow market share, the company needed a capital solution that aligned with its growth trajectory and provided flexibility for expansion.

Westlake’s Role: Westlake Securities served as the exclusive financial advisor to the FirstClose management team, running a structured process to identify the right capital partner, negotiate terms, and close the facility efficiently.

The Outcome: FirstClose completed a senior credit facility with Pacific Western Bank. The facility provided the capital needed to grow market share and expand the company’s lender value proposition, positioning FirstClose for continued year-over-year growth into 2020 and beyond.