First American Mortgage Solutions, LLC, a provider of comprehensive solutions for lenders and servicers that cover the entire loan spectrum and a subsidiary of First American Financial Corp. announced the completion of a series of integrations with LendingQB that will provide users of the loan origination system (LOS) with streamlined access to First American’s products and services that support lenders’ efforts to improve loan quality.
LendingQB users can now seamlessly order First American title and settlement services for both purchase and refinance transactions, as well as collateral valuation, flood certification, home-equity title insurance and property ownership reports. In addition, LendingQB now offers direct access to FraudGuard, First American’s comprehensive decision-support tool that draws on public, private and proprietary data sources to deliver analytics that help lenders mitigate risk and accelerate the loan application review process. With the recent integration, LendingQB users can place orders for the following First American products and services without leaving the LOS:
- Title and settlement services
Automated title production, centralized and local closing services, choice of mobile signing professional or WebSigning and expedited recording services
- Home equity solutions
Property ownership reports and equiSmart title insurance for home equity, which covers unknown liens, security instrument forgery and vesting changes from title product issuance through the entire life of the loan
- Flood data services
A range of flood certification options, from one-time determinations to life-of-loan monitoring, all delivered in seconds and promptly returned on the FEMA standard flood hazard determination form
- Valuation and collateral risk
A complete suite of conventional and alternative valuation products, from standard appraisals to property evaluations, broker price opinions and automated valuation models
- FraudGuard
A next-generation data validation tool designed to help lenders originate compliant, defect-free loans and powered by a combination of superior data, pattern-matching analytics and industry experience garnered from over 28 million reviewed loans
“Integrating our most popular mortgage solutions directly into LendingQB makes it effortless for lenders to select the products they trust to originate loans of exceptional quality,” First American Mortgage Solutions President Kevin Wall said in a press release.
The integration between First American Mortgage Solutions and FraudGuard is fully compatible with MISMO 3.3, a voluntary, industry-wide set of specifications established by the Mortgage Industry Standards Maintenance Organization to promote better data standardization and security. The MISMO 3.3 data infrastructure delivers a more consistent user experience and will make future updates to the integration easier to deploy.
“We are committed to providing our clients with streamlined access to the products and services they prefer. We recognize the increased demands that today’s regulatory environment places on our clients, and we feel certain First American will help our mutual customers quickly and confidently close high-quality loans,” LendingQB President Binh Dang said.