<![CDATA[First American Title - News]]> http://www.5suoz.com/news/first-american-title-news.xml <![CDATA[First American and Taylor Morrison 500 eClosings>]]> http://www.5suoz.com/news/2019/first-american-and-taylor-morrison-500-eclosings-20190514.html First American Title Insurance Company, a leading provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation (NYSE: FAF), and Taylor Morrison Home Corporation (NYSE: TMHC), a leading national homebuilder and developer, through Taylor Morrison Home Funding, today announced they have completed 500 hybrid eClosings using First American’s eClosing solution. The hybrid eClosings took place in Arizona, California, Colorado, Florida and Texas.

First American’s eClosing solution is part of the company’s efforts to help transform real estate settlement, enhancing the digital home buying and mortgage experience for consumers. In a hybrid eClosing, home buyers can review and eSign many real estate transaction closing documents from a computer at home or on a mobile device in advance of the closing appointment, while some documents must be wet signed in person at the appointment.

“After more than 500 completed hybrid eClosings, we’re consistently seeing closing appointments reduced to an average of 20 minutes and home buyers are grateful for the ability to preview documents in advance and to have a shorter, more convenient signing event,” said Joe Tavarez, president at First American Title’s Homebuilder Services Division. “Equally important, lenders appreciate the ability to offer home buyers the convenience of a hybrid eClosing with minimal process changes and no additional fees. We expect to aggressively ramp up hybrid eClosing transaction volume in the months ahead.”

First American offers hybrid eClosing through its eClosing solution for no additional settlement fee to homebuilders, their lender partners or home buyers. With First American’s eClosing solution, First American facilitates the digital settlement process and provides title insurance. The company also maintains the flexibility to support homebuilders and lenders that prefer to use their own third-party eClosing solution.

“We can offer our customers a new level of service, transparency and peace of mind by allowing them to preview their closing documents in advance of the close date. The speed and simplicity of e-signing exceeds customer expectations as they complete the final steps in their home buying journey,” said Tawn Kelley, President of Financial Services and Executive Vice President at Taylor Morrison. 

First American’s eClosing solution includes a mobile-friendly interface, consumer document preview, digital scheduling for mobile notary meetings, consumer appointment confirmation, and eSignatures for hybrid eClosings. The solution will also manage “eVault-ready” loan documents, including fully executed eNotes, and is ready to support a lender’s MERS eRegistry and eVaulting workflows.

First American’s Guide to eClosing and eSigning Real Estate Transactions provides helpful information, infographics and background on the shift toward digital settlement, including the benefits and different types of eClosings, as well as a state-by-state guide to remote online eClosing.

About First American Title Insurance Company

First American Title Insurance Company, the largest subsidiary of First American Financial Corporation (NYSE: FAF), traces its history to 1889. One of the largest title insurers in the nation, the company offers title services through its direct operations and an extensive network of agents throughout the United States and abroad. First American Title provides comprehensive title insurance coverage and professional services for real estate purchases, construction, refinances and equity loans. For more information, visit www.5suoz.com/title. 

About Taylor Morrison Home Corporation

Taylor Morrison Home Corporation (NYSE: TMHC) is a leading national homebuilder and developer that has been recognized as America's Most Trusted® Home Builder by Lifestory Research from 2016 to 2019. Based in Scottsdale, Ariz., the company operates under two well-established brands, Taylor Morrison and Darling Homes. Taylor Morrison serves a wide array of consumer groups from coast to coast, including first-time, move-up, luxury, and 55-plus buyers. In Texas, Darling Homes builds communities with a focus on individuality and distinctive detail while delivering on the Taylor Morrison standard of excellence. For more information about Taylor Morrison and Darling Homes, please visit www.taylormorrison.com.

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Tue, 14 May 2019 07:00:00 GMT
<![CDATA[Voted ‘Best Title Insurance Underwriter’ 6 Years>]]> http://www.5suoz.com/news/2018/voted-best-title-insurance-underwriter-6-years-20180924.html First American Title Insurance Company, a leading provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation (NYSE: FAF), today announced it has earned New York Law Journal’s Best Title Insurance Underwriter award for the sixth consecutive year. First American Title was ranked first overall among title insurance underwriters, according to the ninth annual Best of New York Law Journal survey.

“Earning recognition from your customers is special and provides added motivation to identify new ways to deliver a superior experience to our customers,” said Michael F. Hillman, senior vice president and managing director, Northeast region at First American Title’s National Commercial Services division. “It’s a strong signal we’re doing business the right way and we are thankful our customers took the time to share their feedback.” 

About First American Title Insurance Company

First American Title Insurance Company, the largest subsidiary of First American Financial Corporation (NYSE: FAF), traces its history to 1889. One of the largest title insurers in the nation, the company offers title services through its direct operations and an extensive network of agents throughout the United States and abroad. First American Title provides comprehensive title insurance coverage and professional services for real estate purchases, construction, refinances and equity loans. For more information, visit www.5suoz.com/title. 

About First American

First American Financial Corporation (NYSE: FAF) is a leading provider of title insurance, settlement services and risk solutions for real estate transactions that traces its heritage back to 1889. First American also provides title plant management services; title and other real property records and images; valuation products and services; home warranty products; property and casualty insurance; banking, trust and wealth management services; and other related products and services. With total revenue of $5.8 billion in 2017, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2018, First American was named to the Fortune 100 Best Companies to Work For® list for the third consecutive year. More information about the company can be found at www.5suoz.com. 

About New York Law Journal Survey

Published since 2010, the Best of New York Law Journal feature is celebrating its ninth year of providing the New York legal community the opportunity to acknowledge who they believe to be the best providers of products and services to their market. This year, the results of the survey were released on September 24, 2018. 

Voters had the option of selecting firms listed on the ballot or writing in their favorite firm, if not listed. Once voting was closed, the New York Law Journal team vetted the votes to ensure no duplicate votes, ballot stuffing, votebots, etc., and ensure a fair process.  

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Mon, 24 Sep 2018 07:00:00 GMT
<![CDATA[First American Title Voted ‘Best Title Insurance Underwriter’ for Fifth Year in a Row>]]> http://www.5suoz.com/news/2017/first-american-title-voted-best-title-insurance-underwriter-for-fifth-year-in-a-row-20170929.html First American Title Insurance Company, a leading provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation (NYSE: FAF), today announced it has earned New York Law Journal’s Best Title Insurance Underwriter award for the fifth year in a row. First American Title was ranked first overall among title insurance underwriters, according to the eighth annual Best of New York Law Journal survey.

“Anytime you earn positive feedback from your customers is special, but when your customers rank you above your competitors, it’s even more rewarding and humbling,” said Michael F. Hillman, senior vice president and managing director, Northeast region at First American Title’s National Commercial Services division. “It reaffirms that we’re doing things right and motivates us to keep looking for ways to enhance the experience we provide our customers.”

About First American Title Insurance Company

First American Title Insurance Company, the largest subsidiary of First American Financial Corporation (NYSE: FAF), traces its history to 1889. One of the largest title insurers in the nation, the company offers title services through its direct operations and an extensive network of agents throughout the United States and abroad. First American Title provides comprehensive title insurance coverage and professional services for real estate purchases, construction, refinances and equity loans. For more information, visit www.5suoz.com/title.

About New York Law Journal Survey

Published since 2010, the Best of New York Law Journal feature is celebrating its eighth year of providing the New York legal community the opportunity to acknowledge who they believe to be the best providers of products and services to their market. This year, the results of the survey were released on September 25, 2017.

The Best of New York Law Journal’s 2017 ballot consisted of more than 95 categories ranging from technology to insurance to education, recruiting and staffing.

Voters had the option of selecting firms listed on the ballot or writing in their favorite firm, if not listed. Once voting was closed, the New York Law Journal team verified that all those who cast votes were lawyers or legal professionals. Votes from anyone who could not be verified as lawyers or legal professionals were discounted, as were votes from competing vendor firms.

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Fri, 29 Sep 2017 07:00:00 GMT
<![CDATA[First American Title Hosts Company’s First Ever “Women in Title” Event>]]> http://www.5suoz.com/news/2017/first-american-title-hosts-companys-first-ever-women-in-title-event-20170523.html First American Title Insurance Company, a leading provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation (NYSE: FAF), recently gathered some of the top women in the title industry for a two-day event designed to foster discussions on the opportunities and challenges in the title industry as well as the growing influence of women in the industry. Forty women leaders representing some of the largest title companies in the nation joined senior executives from First American Title’s Agency Division and parent company, First American Financial Company, at the company’s home office in Santa Ana, Calif.

“Empowering women is part of First American’s DNA, as nearly 70 percent of our employees are women, so hosting the ‘Women in Title’ felt like a natural way to connect the women making an impact in the industry with some of our senior executives and prominent women leaders,” said Evan Zanic, president of First American Title’s Agency Division. “The response has been overwhelmingly positive and we’re looking forward to hosting the event again next year.”

The event’s two-day schedule featured a mix of panel discussions and presentations on the most pressing issues in the title industry and business. Presentations on fraud, cyber security, changing regulations for employers and best practices in talent management, and marketing for growth were led by the women spearheading corporate initiatives at First American, including Michele Green, who oversees fraud prevention initiatives for First American Title’s Agency Division, Shabnam Jalakian, who leads cyber security efforts for First American as the company’s chief information security officer, Michelle Glonek, vice president of human resources at First American, and Sandra Bell, vice president of corporate marketing and communications at First American. Other guest speakers included Susan E. Packard, the co-founder of Scripps Networks Interactive and former chief operating officer at HGTV, and Cornelia Horner, the chief operating officer of the American Land Title Association.

“The influence of women in the title industry has grown tremendously over the last 10-20 years, but that growth has not been without challenges. The women participating in this event have overcome those challenges in unique ways, so it has been inspiring to connect and learn how these women from across the country have accomplished so much,” said Camille Brannon, managing partner with Campbell & Brannon. “Women share a unique bond and want to help other women be successful, so I’m excited to hear how the participants use the insight from this event to accelerate their careers and professional growth.”

The concept for the Women in Title event, which was the first of its kind hosted by First American Title, originated from a focus group discussion attended by Paula Cross, an Ohio-based sales representative within First American Title’s Agency Division.

“As I made the drive from Cleveland to Grand Rapids to attend the focus group, I kept thinking about the successful women I know in the title industry that in many ways paved the way for the success of women today,” said Cross, who also attended the Women in Title event. “Connecting these women and providing a forum to discuss solutions to common problems seemed like an untapped opportunity, so I pitched it at the focus group and subsequently to management. Now, less than a year later, the enthusiastic response from the participants has validated the concept and underscores the momentum women have in the title industry.”

First American Title’s parent company, First American Financial Corporation, was honored as one of the Best Workplaces for Women by Fortune® magazine in 2016 in recognition for the company’s efforts to create a culture that empowers women, such as First American’s “Women in Leadership” program. The program, which is designed to cultivate women leaders and provide a forum for participants to have important conversations about the company and their own professional development, plays a powerful role in career development. Now in its fifth year, the program has produced 66 women ‘graduates’ that are pioneering new approaches throughout the company and 29 percent of the program’s alumni have received promotions.

About First American Title Insurance Company

First American Title Insurance Company, the largest subsidiary of First American Financial Corporation (NYSE: FAF), traces its history to 1889. One of the largest title insurers in the nation, the company offers title services through its direct operations and an extensive network of agents throughout the United States and abroad. First American Title provides comprehensive title insurance coverage and professional services for real estate purchases, construction, refinances and equity loans. For more information, visit www.5suoz.com/title.

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Tue, 23 May 2017 07:00:00 GMT
<![CDATA[First American Title Supports First Online Home Buyer Education Workshop in Series for LGBT community>]]> http://www.5suoz.com/news/2016/first-american-title-supports-first-online-home-buyer-education-workshop-in-series-for-lgbt-community-20161012.html First American Title Insurance Company, a leading provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation (NYSE: FAF), today announced its support of a series of free online home buyer education workshops designed specifically for the LGBT community under the national program “Project HOME: Homeownership Opportunities Made Equal.” First American Title is the first organization in the nation to support the inaugural online workshop, “Thinking About Buying a Home,” which will be accessible online at 4 p.m. PST/7 p.m. EST on November 2. It is the first workshop in a series created by the National Association of Gay & Lesbian Real Estate Professionals (NAGLREP), a 501(c)(3) organization that connects LGBT real estate professionals and LGBT buyers and sellers online, and the Housing Opportunities Collaborative (HOC), a 501(c)(3) HUD-approved housing counseling intermediary.

“First American is a strong advocate for home buyer education and have worked closely with NAGLREP to reach out to the LGBT community, said Maria Valentin, vice president, First American Title. “Our support of the launch of this important home buyer education initiative represents our ongoing commitment to promote homeownership opportunities for the LGBT community.”

The free workshop on November 2 will provide participants with an overview of the pros and cons of homeownership, homeownership affordability and the importance of good credit. Experts will cover subjects like typical housing costs, the tax benefits of owning a home, the long-term value of equity and more. Participants can register for the free 45-minute workshop directly via the VCN website at http://virtualcounselornetwork.org/vcn-workshop-registration, or by calling 800-826-1502.

"In a 2015 survey of LGBT home buyers and sellers, 51 percent of millennials indicated they have little to no knowledge about the home buying process,” said Jeff Berger, founder of NAGLREP. “Preparing the next generation of homebuyers for this responsibility is fundamental to creating sustainable home economics that offer LGBT families stability."

The full calendar of free online home buyer education workshops will be announced in January 2017. The live workshops will be delivered using the HOC’s Virtual Counselor Network, which enables consumers to participate and interact in home buyer certification courses from the comfort of their home. The workshops are intended to benefit first-time home buyers and people wanting to learn how to prepare for the responsibilities of homeownership.

“Historical data shows that homeownership is the best way and sometimes the only way for many to build financial wealth. Still many individuals are not aware of the benefits of homeownership and are turned off by the home buying process,” said Vino Pajanor, president and CEO of the HOC. “Through the VCN Workshops, we intend to leverage professionals’ expertise, eliminate the barriers to access homeownership education, and dispel myths regarding the home buying process.” 

About First American Title Insurance Company

First American Title Insurance Company, the largest subsidiary of First American Financial Corporation (NYSE: FAF), traces its history to 1889. One of the largest title insurers in the nation, the company offers title services through its direct operations and an extensive network of agents throughout the United States and abroad. First American Title provides comprehensive title insurance coverage and professional services for real estate purchases, construction, refinances, and equity loans. For more information, visit www.5suoz.com/title.

 

About NAGLREP

The National Association of Gay & Lesbian Real Estate Professionals (NAGLREP), a mission-driven non-profit 501(c)(3) trade association, is dedicated to providing LGBT people access to LGBT and LGBT-friendly professionals that can assist them with the home buying and selling process. NAGLREP advocates housing rights and works to eliminate discrimination laws that impact fair and equal rights for the Gay, Lesbian, Bisexual and Transgender community. Based in Jupiter, Florida, NAGLREP has 1200 members and 35 affiliate chapters. For more information about NAGLREP, go to http://www.naglrep.com/.

About HOC

The Housing Opportunities Collaborative (HOC) is a 501(c)(3) tax exempt HUD approved counseling intermediary, established in 2005 by a coalition of HUD approved housing counseling and fair housing agencies, other housing related nonprofit organizations, business organizations, and government agencies that support all aspects of housing rights and responsibilities. It was created to serve as an information clearinghouse by consolidating housing and related information, making it easily accessible to the public and partners. To improve the delivery of services to the community, the HOC developed the Virtual Counselor Network (VCN) in 2013 to digitally connect social services agencies and partner organizations to the community using the power of technology. HOC through its collaborative partnerships has assisted to date more than 30,000 individuals on various topics, namely, home buying, foreclosure prevention, reverse mortgage, financial coaching, credit and debt management, tax preparation, tenant-landlord education, and fair housing. For more information about HOC checkout www.HousingCollaborative.org and for more information about VCN checkout www.VirtualCounselorNetwork.org.

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Wed, 12 Oct 2016 07:00:00 GMT
<![CDATA[First American Acquires TD Service Financial Corporation>]]> http://www.5suoz.com/news/2016/first-american-acquires-td-service-financial-corporation-20161010.html First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today announced its acquisition of TD Service Financial Corporation, an industry-leading provider of technology and services to the mortgage banking industry that specializes in post-closing services and document management. TD Service Financial Corporation is the parent company of several subsidiaries that will be included in the acquisition, including TD Service Company, Security Connections, Inc. (SCI) and TD Quality Control Services.

TD Service Financial and its subsidiaries will become part of First American’s Mortgage Solutions division, a leading provider of comprehensive solutions for residential lenders and servicers covering the entire loan spectrum.  First American Mortgage Solutions offers a wide range of products and services designed to help perfect loan files. The acquisition expands and enhances the group’s post-closing and document management capabilities, broadening First American’s ability to serve the lender, servicer and investor communities.

“We’re excited to welcome TD Service Financial Corporation to the First American family. Both companies have a long history of dedicated service to our clients and commitment to our industry,” said Dennis J. Gilmore, chief executive officer of First American Financial Corporation. “We share the same passion for delivering superior customer service and similar core values rooted in putting people first, which ensures this move will benefit the customers and employees of both companies.”

TD Service Financial customers will benefit from enhanced post-closing technology and services augmented by First American’s fraud detection, loan quality and compliance analytics, and number-one industry position in real property data coverage and content.

“This union establishes a best-in-class, post-closing suite of services that further broadens our end-to-end offerings and ability to support our customers across the full life cycle of a mortgage loan,” said Kevin Wall, president of First American Mortgage Solutions. 

TD Service Financial and First American have a business association that dates back to the relationship between TD Service Financial founder and current Chairman Dale Dykema and First American’s late, iconic, former CEO, Donald P. Kennedy.

“Joining First American feels like a natural extension of this relationship and will mean our customers will continue to receive high levels of service, as well as significant enhancements made possible by First American’s capabilities,” said Dykema.

Dykema and Co-Chairman Sandi Dykema will retire following the acquisition and current President and Chief Operating Officer Robert Phelps will join the leadership team that serves under Wall at First American Mortgage Solutions.

“We’ll be able to offer more choices and deliver more complete solutions to our clients leveraging First American’s industry-leading property and image data, and customized lender support to help meet today’s stricter vendor management requirements,” said Phelps. “Our employees will also appreciate the opportunity to be part of a company recognized in 2016 by Fortune® magazine as one of the 100 best companies to work for in America.”

About First American

First American Financial Corporation (NYSE: FAF) is a leading provider of title insurance, settlement services and risk solutions for real estate transactions that traces its heritage back to 1889. First American also provides title plant management services; title and other real property records and images; valuation products and services; home warranty products; property and casualty insurance; and banking, trust and investment advisory services. With revenues of $5.2 billion in 2015, the company offers its products and services directly and through its agents throughout the United States and abroad. In 2016, First American was recognized by Fortune® magazine as one of the 100 best companies to work for in America. More information about the company can be found at www.5suoz.com.

About First American Mortgage Solutions

First American Mortgage Solutions, a part of the First American family of companies, provides comprehensive solutions for residential lenders and servicers covering the entire loan spectrum. First American Mortgage Solutions, together with First American’s broader capabilities, serves as a single source for title and settlement, data and analytics, fraud and verification, regulatory compliance, valuation and collateral risk, quality control, fulfillment services, and default services. More information about First American Mortgage Solutions can be found at www.5suoz.com/mortgagesolutions.

About TD Service Financial Corporation

TD Service Financial Corporation and its family of companies provide technology services to the mortgage banking industry. Founded in 1964 by Dale Dykema, the company has been a consistent leader in using technology and industry expertise to provide a wide array of mortgage-related services. Core services include lien releases, audits, imaging, assignments, document retrieval and research, and post-closing services. More information about TD Service Financial Corporation can be found at www.tdsf.com.

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Mon, 10 Oct 2016 07:00:00 GMT
<![CDATA[First American Mortgage Solutions Achieves ISO 9001 Certification with Emphasis on Quality and Continual Improvement>]]> http://www.5suoz.com/news/2016/first-american-mortgage-solutions-achieves-iso-9001-certification-with-emphasis-on-quality-and-continual-improvement-20160329.html First American Financial Corporation (NYSE: FAF), a leading global provider of title insurance, settlement services and risk solutions for real estate transactions, today announced its Mortgage Solutions group has earned ISO 9001 certification, an industry-agnostic standard that sets criteria for quality management systems (QMS).

“Securing independent third-party validation of continual improvement efforts sets a new precedent for the mortgage lending industry. This certification gives us and our lender clients a critical competitive advantage in an environment of increased regulation that is heightening lenders’ focus on vendor management,” said Kevin Wall, President of First American Mortgage Solutions. “It supports our dedication to transparency and to managing performance against goals through quality measurement that goes beyond satisfying regulatory requirements.”

First American Mortgage Solutions provides lenders and servicers end-to-end solutions covering the entire life cycle of a residential loan, from origination, through post-closing to servicing. The specific certification is ISO 9001:2008 QMS and was awarded to the group’s origination and servicing business units.

Quality management systems are a collection of business processes focused on consistently meeting customer requirements and enhancing their satisfaction. They encompass the organizational structure, policies, procedures and resources needed to implement quality management. As part of its commitment to the Pursuit of Certainty in Lending, First American Mortgage Solutions levers its QMS as it strives to deliver zero-defect loan manufacturing and an exceptional consumer experience.

 “Lenders all over the country are looking for greater clarity and accountability from their vendor relationships,” said Bill Emerson, chief executive officer of Quicken Loans®. "First American’s accomplishment telegraphs a dedication to high-quality, consumer-focused lending.”

The Geneva, Switzerland-based International Organization for Standardization (ISO) is a recognized global driver of QMS improvements. First American Mortgage Solutions cited ISO 9001’s emphasis on structure, discipline and continual improvement as key factors in its selection of the standard. The group also chose Lloyd’s Register Quality Assurance (LRQA) as its registrar and certifying body. LRQA is a world-leading, independent provider of business assurance services including management system certification, validation and verification.

“ISO 9001 certification is a significant step toward balancing compliance with maximum efficiency, and it codifies our commitment to achieving our quality-centric goals,” said Wall. “This is one component of our ongoing improvement efforts and demonstrates our ambition to become the most trusted solutions provider in our industry.”

About First American Mortgage Solutions

First American Mortgage Solutions, a part of the First American family of companies, provides comprehensive solutions for residential lenders and servicers covering the entire loan spectrum, serving as a single source for title and settlement, data and analytics, fraud and verification, regulatory compliance, valuation and collateral risk, quality control, fulfillment services, and default services. More information about First American Mortgage Solutions can be found at www.5suoz.com/mortgagesolutions.

About First American Financial Corporation

First American Financial Corporation (NYSE: FAF) is a leading provider of title insurance, settlement services and risk solutions for real estate transactions that traces its heritage back to 1889. First American also provides title plant management services; title and other real property records and images; valuation products and services; home warranty products; property and casualty insurance; and banking, trust and investment advisory services. With revenues of $5.2 billion in 2015, the company offers its products and services directly and through its agents throughout the United States and abroad. More information about the company can be found at www.5suoz.com.

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Tue, 29 Mar 2016 07:00:00 GMT
<![CDATA[First American Unveils DataTree and FraudGuard® Integrated Solution With End-To-End Fraud Detection>]]> http://www.5suoz.com/news/2015/first-american-unveils-datatree-and-fraudguard-integrated-solution-with-end-to-end-fraud-detection-20151020.html First American Financial Corporation (NYSE: FAF), today announced the integration of its advanced DataTree property research solution with the FraudGuard® (http://firstam.com/mortgagesolutions/solutions/fraud-verification/fraudguard.html) loan-level fraud detection and data integrity tool. Available to lenders through First American’s Mortgage Solutions group, the integration empowers FraudGuard users with a sophisticated new tool to investigate potential fraud and loan quality issues. It is being launched in conjunction with the new FraudGuard Property Overview, a next-generation collateral risk analysis component that further promotes superior loan quality.

DataTree is built on the real estate industry’s largest database of property, homeowner and recorded document information to deliver the fastest, most comprehensive and user-friendly, property-centric information to mortgage lenders. Its seamless integration with FraudGuard enables users to conduct exhaustive single-source examinations of properties and overall market stability—accessing up-to-date information spanning 99 percent of U.S. housing stock and including more than 5.5 billion recorded document images—without the need to rekey subject property data into an additional research application. When prompted with an alert in FraudGuard, users are seamlessly directed to the specific data and documents inside of the DataTree application to further assist in underwriting.

Lenders relying on FraudGuard alerts to identify potential collateral, ownership and borrower issues will particularly benefit from the DataTree integration. With this highly targeted and streamlined approach to research, issues such as undisclosed properties and liens, signature fraud and real estate owned (REO) assets can now be addressed more efficiently and with more certainty.

"The integration of two powerful First American solutions in FraudGuard and DataTree is the one-two punch lenders require for exhaustive collateral valuation assessment and property research," said Kevin Wall, president of First American Mortgage Solutions. "The additional enhancement of the FraudGuard Property Overview component will enable end-to-end fraud detection, thereby contributing to a more robust and efficient mortgage origination workflow."

Designed in close collaboration with clients to better pinpoint sources of subject property risk, the new FraudGuard Property Overview is backed by First American’s extensive public and proprietary data sources and includes: a market-leading Automated Valuation Module (AVM), full subject property overview, complete transaction history, relevant sales comparisons, local distressed property analysis, competitive market area analysis, and interactive graphs and maps. Data is integrated into 30 new FraudGuard alerts related to property and collateral that isolate potential risks and provide actionable recommendations on how best to address the warnings. Advanced alerts can also be customized to augment users’ collateral assessment and appraisal review protocols.

"Providing lenders with a tool to help achieve total loan quality underscores our commitment to the pursuit of certainty in lending," said Jeff Moyer, chief product and strategy officer for First American Mortgage Solutions. "Particularly in a purchase-dominant market, performing collateral risk assessment with speed, accuracy and consistency is critical to mortgage financing."

For more information, visit http://www.5suoz.com/mortgagesolutions/, or stop by First American Mortgage Solutions’ booth #509 at MBA’s Annual Convention & Expo, October 18-21, 2015 in San Diego, California.

 

About First American Mortgage Solutions

First American's Mortgage Solutions group is guided by our pursuit of certainty in lending and strengthened by the nation's largest repository of 5.5+ billion land records. We deliver collaborative and customizable data, analytic, valuation, and quality control solutions for loan origination and servicing. More information about the Mortgage Solutions group can be found at http://www.5suoz.com/mortgagesolutions/.


About First American

First American Financial Corporation (NYSE: FAF) is a leading provider of title insurance, settlement services and risk solutions for real estate transactions that traces its heritage back to 1889. First American also provides title plant management services; title and other real property records and images; valuation products and services; home warranty products; property and casualty insurance; and banking, trust and investment advisory services. With revenues of $4.7 billion in 2014, the company offers its products and services directly and through its agents throughout the United States and abroad. More information about the company can be found at http://www.5suoz.com/.

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Tue, 20 Oct 2015 04:00:00 GMT
<![CDATA[First American Announces End-To-End Home Equity Solution Suite For Mortgage Lenders>]]> http://www.5suoz.com/news/2015/first-american-announces-end-to-end-home-equity-solution-suite-for-mortgage-lenders-20151019.html First American Financial Corporation (NYSE: FAF), a leading provider of title insurance, settlement services and risk solutions for real estate transactions, today announced its Mortgage Solutions group has enhanced its home equity solution suite (http://firstam.com/mortgagesolutions/solutions/home-equity/) for mortgage lenders wanting to offer market-responsive home equity products while streamlining third-party service resources, accelerating time to close and focusing on risk mitigation and portfolio management. 

The Mortgage Solutions home equity solution suite is an end-to-end product and service offering that supports portfolio retention, valuation, underwriting, closing and post-closing needs, allowing home equity lenders to work with a market-leading trusted vendor both on first and second lien products. Designed to expedite originations while providing comprehensive risk mitigation and collateral protection, the home equity solution suite assists lenders to manage a strong portfolio and comply with evolving regulations while working more efficiently with one trusted provider.

“Home price appreciation is alleviating equity constraints and building equity for more homeowners, which is certain to drive increased demand for home equity lending of every kind, particularly in a rising interest rate environment,” said Mark Fleming, chief economist for First American. “As rates begin to rise next year, home equity loans will become increasingly attractive relative to the alternative of a cash-out refinance or selling and moving, which is a situation we have not seen in a generation.”

Kevin Wall, Mortgage Solutions president, commented, “It is an exciting time to be a home equity lender, as well as an ideal time to evaluate best practice strategies for engaging service providers that can deliver mission-critical home equity lending solutions. As a demonstration of our commitment to delivering solutions that anticipate market demand, we’ve launched new data services such as LienSmart (http://firstam.com/mortgagesolutions/
solutions/home-equity/liensmart-lien-evaluation.html
), our portfolio lien analytics tool underpinned by unmatched First American enterprise property data resources delivered via DataTree.”

In addition, the company has added popular new features to their home equity solution suite, including a new valuation option via PACE Pro with an enhanced geographic competency option. These expanded service offerings, together with existing capabilities including fraud and compliance analytics, flood certifications, eSigning, notary and recording services, create an end-to-end solution not available by any other service provider.

Supporting all aspects of the home equity loan cycle with customizable, end-to-end solutions, Mortgage Solutions’ home equity solution suite lets lenders make informed equity decisions supported by trusted real estate data versus relying on credit-based reports. It enables lenders to:

  • Confidently underwrite loan quality and collateral security with the goal of defect-free mortgage lending;
  • Reduce cycle time with streamlined valuation solutions, especially for lower risk loans;
  • Manage risk with enhanced reimbursement options and multiple valuation solutions to support compliance needs;
  • Increase profitability by leveraging the significant depth of First American property data and real estate expertise;
  • Save time on vendor and supply chain management with a national provider who knows third-party audits and anticipates compliance needs.

For more information, visit www.5suoz.com/mortgagesolutions, or stop by First American Mortgage Solutions’ booth #509 at MBA’s Annual Convention & Expo, October 18-21, 2015 in San Diego, California.

News release above was updated on February 9, 2016.

About First American Mortgage Solutions

First American's Mortgage Solutions group is guided by our pursuit of certainty in lending and strengthened by the nation's largest repository of 5.5+ billion land records. We deliver collaborative and customizable data, analytic, valuation, and quality control solutions for loan origination and servicing. More information about the Mortgage Solutions group can be found at www.5suoz.com/mortgagesolutions.


About First American

First American Financial Corporation (NYSE: FAF) is a leading provider of title insurance, settlement services and risk solutions for real estate transactions that traces its heritage back to 1889. First American also provides title plant management services; title and other real property records and images; valuation products and services; home warranty products; property and casualty insurance; and banking, trust and investment advisory services. With revenues of $4.7 billion in 2014, the company offers its products and services directly and through its agents throughout the United States and abroad. More information about the company can be found at www.5suoz.com

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Mon, 19 Oct 2015 05:00:00 GMT
<![CDATA[First American Mortgage Solutions Launches New Product Enhancements, Advertising Campaign And Website>]]> http://www.5suoz.com/news/2015/first-american-mortgage-solutions-launches-new-product-enhancements-advertising-campaign-and-website-20151019.html First American Financial Corporation (NYSE: FAF), today announced the launch of several new product enhancements, a new advertising campaign and a website highlighting the services of its Mortgage Solutions group, which provides lenders and servicers with comprehensive solutions covering the entire loan spectrum, from origination to post-closing to servicing and beyond.

Through recent realignment and the integration of key acquisitions, Mortgage Solutions now offers lenders and servicers a single source for end-to-end solutions, including data and analytics, fraud and verification, regulatory compliance, valuation and collateral risk, quality control, fulfillment services, and default services. Backed by a legacy of innovation, leadership and stability that has endured since 1889, Mortgage Solutions is uniquely positioned to deliver competitively priced products and services from a single, centralized source, addressing the industry’s emphasis on tighter vendor management and oversight.

Mortgage Solutions’ unique and growing value proposition and benefits are demonstrated by the focus of its new:

"Adaptation to change is key to succeeding in the mortgage industry, and our new branding is an effective way to communicate how Mortgage Solutions has expanded and strengthened our value to our customers," said Kevin Wall, president of First American Mortgage Solutions. "In addition to new and enhanced products, we’ve also implemented a disciplined, Lean Six Sigma approach to greatly enhance our level of customer service, with an emphasis on the pursuit of defect-free mortgage loan production."

Wall added, "Our customers told us they need more than a service provider; they need a trusted partner committed to helping them manufacture defect-free loans. Mortgage Solutions clearly stands apart as the one company and one choice to help lenders achieve total loan quality and power their business forward."

For more information, visit www.5suoz.com/mortgagesolutions, or stop by First American Mortgage Solutions’ booth #509 at MBA’s Annual Convention & Expo, October 18-21, 2015 in San Diego, California.    

 

About First American Mortgage Solutions

First American's Mortgage Solutions group is guided by our pursuit of certainty in lending and strengthened by the nation's largest repository of 5.5+ billion land records. We deliver collaborative and customizable data, analytic, valuation, and quality control solutions for loan origination and servicing. More information about the Mortgage Solutions group can be found at www.5suoz.com/mortgagesolutions.


About First American

First American Financial Corporation (NYSE: FAF) is a leading provider of title insurance, settlement services and risk solutions for real estate transactions that traces its heritage back to 1889. First American also provides title plant management services; title and other real property records and images; valuation products and services; home warranty products; property and casualty insurance; and banking, trust and investment advisory services. With revenues of $4.7 billion in 2014, the company offers its products and services directly and through its agents throughout the United States and abroad. More information about the company can be found at www.5suoz.com

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Mon, 19 Oct 2015 07:00:00 GMT
<![CDATA[First American Title Launches Online Home Ownership Information Center For Consumers>]]> http://www.5suoz.com/news/2015/first-american-title-launches-online-home-ownership-information-center-for-consumers-20150922.html First American Title Insurance Company, a leading provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation (NYSE: FAF), today announced the launch of the First American Ownership Information Center, a new online information resource designed to help homebuyers and sellers understand the settlement process and the importance of title insurance. The website offers helpful videos, simple-to-understand infographics and other engaging educational tools under topical sections, that include "Buying a Home," "What is Escrow" and "What is Title Insurance." The First American Ownership Information Center also features new videos explaining the Loan Estimate and Closing Disclosure – the new TILA-RESPA Integrated Disclosure (TRID) forms that will be used in mortgage transactions nationwide beginning with loan applications received on Saturday, October 3.

"The landscape of residential real estate transactions is shifting due to demographic, technology and regulatory trends, and it can be challenging to navigate for homebuyers, especially first-time homebuyers," said Chris Leavell, chief operating officer, First American Title. "This new resource addresses some of the information gaps in the market and aligns with the goals of the Consumer Financial Protection Bureau – to make residential real estate transactions and lending easier to understand for homebuyers."

A key focus during the development of the First American Ownership Information Center was to create educational videos and infographics that are easy to understand, easy to share, and can be viewed or read quickly from a desktop, tablet or mobile device.

"It’s important that all homebuyers and sellers find the videos and information on the First American Ownership Information Center helpful, but we made a distinct effort to package the information in a way that speaks to first-time homebuyers," said Sandra Bell, First American’s vice president of corporate marketing and communications. "Millennials and other first-time homebuyers may not be familiar with the concept of title insurance or understand the protection it provides. Through engaging videos, like ‘Rockstar Protection,’ we’re explaining title insurance and its value simply, with the aim to enable homebuyers to make informed decisions about their coverage."

 

About First American Title Insurance Company

First American Title Insurance Company, the largest subsidiary of First American Financial Corporation (NYSE: FAF), traces its history to 1889. One of the largest title insurers in the nation, the company offers title services through its direct operations and an extensive network of agents throughout the United States and abroad. First American Title provides comprehensive title insurance coverage and professional services for real estate purchases, construction, refinances, and equity loans. For more information, visit www.5suoz.com/title.

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Tue, 22 Sep 2015 04:00:00 GMT
<![CDATA[First American Title Sponsors 2015 Susan G. Komen Orange County Race For The Cure®>]]> http://www.5suoz.com/news/2015/first-american-title-sponsors-2015-susan-g-komen-orange-county-race-for-the-cure-20150910.html First American Title Insurance Company, a leading provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation (NYSE: FAF), today announced its support of Susan G. Komen® Orange County as a Platinum Sponsor for the Komen Orange County Race for the Cure®, Sunday, Sept. 27, 2015.

The Race for the Cure is the premier 5K fundraising event that celebrates breast cancer survivorship and honors those who have lost their battle with the disease. As a sponsor, First American Title will work with the Komen Orange County Affiliate and play a key role in funding the event, which is expected to raise more than $2 million this year.

Women's advocacy is one of three core areas where First American focuses its corporate philanthropic efforts under its company-wide Caring for Our Community initiative. As part of the emphasis on women's advocacy across the country, First American is also sponsoring three other Komen Race for the Cure® events in 2015: San Francisco (Sept. 27), Phoenix (Oct. 11) and Dallas (Oct. 17), as well as supporting more than 10 other fundraising walks benefitting breast cancer awareness and research.

"The reason women's advocacy is important to First American is simple, approximately 70 percent of our employees are women. So, there's a natural passion among our employees for women's health, family and welfare issues, said Mark Rutherford, senior vice president of corporate human resources, First American Title. "The strong reputation and tremendous impact of the Komen Race for the Cure events make them an ideal and engaging way for First American and our employees to support a critical women's health issue."

The Orange County Race for the Cure, which takes place Sunday, Sept. 27 at Fashion Island in Newport Beach, Calif., features a morning of two co-ed 5K runs, with a new timing chip option for the 7:15 a.m. Race, a Kids One-Mile Fun Run & Family Walk presented by Knott's Berry Farm, large expo, and a breast cancer survivor tribute.

"As a trusted member of the greater Orange County business and real estate community for more than 125 years, our team is excited to be involved and looking forward to doing our part to make this a great event," said Don Kennedy, vice president of First American Title's Orange County office.

"We thank First American for joining us and are delighted that they will be sponsoring this year's Race," said Lisa Wolter, executive director of the Komen Orange County Affiliate. "This important Komen fundraising event would not be possible without their support, as sponsors play an essential role in making the Race a success. We are looking forward to working together with First American to help end breast cancer forever."

First American joins this year's local Presenting Sponsors The Allergan Foundation, Chevron, Knott's Berry Farm, The Orange County Register, Ralphs and Food 4 Less, and fellow Platinum Sponsors ABC7, Fashion Island and Pacific Life insurance Company.

According to Komen Race for the Cure, corporate sponsors contribute 20% of total funds raised by the event, and 75 percent of all the money raised stays in the community to fund local breast health education and breast cancer screening and treatment projects. The remaining 25 percent supports the Susan G. Komen Research and Grant Training Program, which funds groundbreaking breast cancer research.


About Susan G. Komen®

Susan G. Komen is the world's largest breast cancer organization, funding more breast cancer research than any other nonprofit while providing real-time help to those facing the disease. Since its founding in 1982, Komen has funded more than $800 million in research and provided more than $1.7 billion in funding to screening, education, treatment and psychosocial support programs serving millions of people in more than 30 countries worldwide. Komen was founded by Nancy G. Brinker, who promised her sister, Susan G. Komen, that she would end the disease that claimed Suzy's life. Visit komen.org or call 1-877 GO KOMEN. Connect with us on Facebook at facebook.com/susangkomen and Twitter @SusanGKomen.

About Susan G. Komen® and Komen
Orange County

Susan G. Komen is the world's largest breast cancer organization, funding more breast cancer research than any other nonprofit while providing real-time help to those facing the disease. Komen was founded by Nancy G. Brinker, who promised her sister, Susan G. Komen, that she would end the disease that claimed Suzy's life. Komen Orange County is working to better the lives of those facing breast cancer in the local community. Through events like the Komen Orange County Race for the Cure®, Komen Orange County has invested more than $35 million in community breast health programs in Orange County and has helped contribute to the more than $800 million invested globally in research For more information, call 714957-9157 or visit komenoc.org.

About First American Title Insurance Company

First American Title Insurance Company, the largest subsidiary of First American Financial Corporation (NYSE: FAF), traces its history to 1889. One of the largest title insurers in the nation, the company offers title services through its direct operations and an extensive network of agents throughout the United States and abroad. First American Title provides comprehensive title insurance coverage and professional services for real estate purchases, construction, refinances, and equity loans. For more information, visit www.5suoz.com/title.

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Thu, 10 Sep 2015 07:00:00 GMT
<![CDATA[First American Title Insurance Company Acquires New York-Based TitleVest>]]> http://www.5suoz.com/news/2015/first-american-title-insurance-company-acquires-new-york-based-titlevest-20150312.html First American Title Insurance Company, a leading provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation (NYSE: FAF), today announced its acquisition of TitleVest Holdings Group, LLC. TitleVest is a leading, New York City-based title agency offering a full range of title insurance and related services for real property purchase and refinance transactions.

As one of the country's largest title insurance underwriters, First American's acquisition of TitleVest will expand the company's operations in the New York area.

"We've worked with TitleVest for years, so we know firsthand that our companies share a common vision to deliver industry-leading service and innovative products to our customers," said Chris Leavell, chief operating officer of First American Title Insurance Company.  "TitleVest is an important addition to the First American family in New York, where our commitment to our customers and our agent partners across the state is strong."

Brian Tormey, TitleVest's current chief operating officer, will continue to lead the TitleVest operations and Bill Baron, CEO, will retire following the acquisition.

"We are grateful for our clients' trust and loyalty and we're confident that being a part of the First American family will only increase our opportunity to provide our award-winning customer service to an even broader audience," said Tormey.

"First American has a well-earned reputation for industry leadership, from its innovative technology to its high standards for customer service," said Baron. "I'm pleased that our customers will benefit from this and from the outstanding service they will continue to receive from Brian and the TitleVest team."

 

About TitleVest

Founded in 2000, TitleVest (http://www.titlevest.com/) is a leading New York City-based title insurance agency offering a full range of title insurance and related services for real property purchase and refinance transactions. TitleVest has earned the New York Law Journal's "Best Title Agency" award in both 2013 and 2014 as determined by its annual Reader Rankings survey.

 

About First American Title Insurance Company

First American Title Insurance Company, the largest subsidiary of First American Financial Corporation (NYSE: FAF), traces its history to 1889. One of the largest title insurers in the nation, the company offers title services through its direct operations and an extensive network of agents throughout the United States and abroad. First American Title provides comprehensive title insurance coverage and professional services for real estate purchases, construction, refinances, and equity loans. For more information, visit www.5suoz.com/title.

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Thu, 12 Mar 2015 12:00:00 GMT
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