—Lenders now have seamless access to Fannie Mae’s comprehensive
data validation solution, including income, employment and asset
verification, through First American FraudGuard®—
SANTA ANA, Calif.--(BUSINESS WIRE)--
First
American Mortgage Solutions, LLC, a part of the First American
family of companies, today announced it is one of a few vendors able to
offer data verification for all three components of Fannie Mae’s Desktop
Underwriter® (DU®) validation service and Day 1
Certainty™ through First American FraudGuard®.
First American Mortgage Solutions is now an authorized supplier for
4506-T tax transcript service for IRS income verification. It is also a
distributor for income and employment verification, as well as asset
verification.
“Our comprehensive verification solution provides lenders with one
source to get representation and warranty relief on validated loan
components from Fannie Mae,” said Kevin Wall, president of First
American Mortgage Solutions. “By accessing all three reports in a
streamlined workflow, lenders will benefit from greater speed and
efficiency, supporting their efforts to enhance the borrower experience.”
Key benefits include:
-
Single source for Day 1 Certainty through the DU®
validation service
-
Easy access to all three verification reports through First American
FraudGuard®
-
Ability to order individually or as a suite
-
Faster reviews with FraudGuard analytics and combined reporting
“We are excited to assist lenders in maximizing the value of the Day 1
Certainty program, so they can deliver more loans faster with
confidence,” said Wall. “Transforming the future of the mortgage
industry requires alignment across all stakeholders, and we are excited
to be part of this collaboration.”
For more information, visit here.
*”Day 1 Certainty” and “Desktop Underwriter”
are registered trademarks of Fannie Mae.
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 total revenue of $5.6 billion in
2016, the company offers its products and services directly and through
its agents throughout the United States and abroad. In 2016 and again in
2017, First American was named to the Fortune 100 Best Companies to Work
For® list. More information about the company can be found at www.firstam.com.

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Source: First American Financial Corporation