—Integration provides users with data-driven decision-support to
produce higher quality loans faster—
SANTA ANA, Calif.--(BUSINESS WIRE)--
First
American Mortgage Solutions, LLC, a subsidiary of First
American Financial Corporation (NYSE: FAF)
and leading provider of lender and servicer solutions that cover the
entire loan spectrum, today announced the completion of its integration
with LoanLogics, a recognized technology leader in loan quality
management and performance analytics. The integration provides users of
LoanLogics’ LoanHD® platform with streamlined access to
FraudGuard®, First American’s data-driven decision-support
tool that helps lenders comply with regulations, improve the speed and
efficiency of application reviews, and increase loan quality.
The LoanHD platform, LoanLogics’ flagship loan quality management
technology, offers real-time loan quality reporting and best practice
audit workflows. From within the LoanHD platform, users can now order
FraudGuard® services directly from the AppQ Network™ vendor
management portal, which provides lenders with easy access to an entire
ecosystem of third-party services that create efficiency and reduce
errors in the audit lifecycle.
“LoanLogics is committed to ensuring our clients have the tools they
need, when they need them,” said Craig Riddell, senior vice president
and chief business officer for LoanLogics. “By continually expanding our
LoanHD network with the addition of best-of-breed solutions like
FraudGuard, we’re helping our clients drive toward zero defects, improve
their loan manufacturing process and reduce cost, while increasing the
efficiency of audit reviews through technology and automation.”
FraudGuard® is First American’s comprehensive
decision-support tool that helps lenders originate compliant,
defect-free loans using a combination of superior data, pattern-matching
analytics and industry experience garnered from over 28 million reviewed
loans. The next-generation data validation tool draws on public, private
and proprietary data sources to deliver analytics that help lenders
mitigate risk and accelerate the loan application review process.
“FraudGuard's unparalleled data assets make it a stand-out among loan
quality management tools,” said Kevin Wall, president of First American
Mortgage Solutions. “We’re pleased to bring LoanLogics users on-demand
access to the critical data insights and automated decision-support
services they need to originate high-quality loans with confidence.”
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 https://www.firstam.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 $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 https://www.firstam.com.
About LoanLogics
LoanLogics was founded 12 years ago to improve the transparency
and accuracy of the mortgage process and improve the quality of loans.
LoanLogics serves the needs of residential mortgage lenders, servicers,
insurers, and investors that want to improve loan quality, performance,
and reliability throughout the loan lifecycle. It develops advanced
solutions that help clients validate compliance, improve profitability,
and manage risk during the manufacture, sale, and servicing of loan
assets. Achieving these goals was the motivation in the development of
the industry's first Enterprise Loan Quality and Performance Analytics
Platform. To learn more, visit http://loanlogics.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170104005908/en/
Source: First American Financial Corporation